IDT’s QQ2 2024 results reflect a continued tilt toward high-growth, recurring-revenue segments (NRS, BOSS Money, net2phone) while maintaining robust cash flow generation from the Traditional Communications business. Revenue declined modestly year over year and quarter over quarter, but the company delivered a record consolidated gross profit and higher gross margins, underscoring operating discipline in a growth-oriented portfolio. Management highlighted the milestone achievement of $100 million annual revenue run rate for both NRS and BOSS Money, EBITDA breakeven for Fintech in the quarter, and a deliberate capital-allocation shift toward dividends and buybacks as cash generation expanded. The Board’s decision to initiate a quarterly cash dividend underscores IDT’s emphasis on returning capital to shareholders while sustaining investment in next-generation initiatives. Looking ahead, management outlined a path toward earnings growth from Money Transfer scale, potential modest EBITDA improvements in the Fintech segment, and ongoing organic expansion complemented by selective opportunistic acquisitions. Overall, the QQ2 cadence signals a constructive balance between growth and cash-driven returns for investors.