Will Carter's questions to IDT (IDT) leadership • Q4 2024
Question
Inquired about the source of BOSS Money's strong growth, its market share in specific payment corridors, and the 2025 goals for NRS regarding terminal deployments, revenue, and SG&A.
Answer
Executives explained that BOSS Money's growth comes from taking market share from competitors, driven by cross-selling and customer satisfaction. The BOSS brand is strengthening. While strong in some U.S. outbound corridors, Mexico is seen as a future growth opportunity. For NRS, the plan for 2025 is to continue adding ~500 POS terminals per month, increase net margins to ~25%, and grow EBITDA by another 30%. Growth is also expected from new products like self-ordering kiosks and the Panther tablet POS.