Welcome to our dedicated page for Oddity Tech Ltd. news (Ticker: ODD), a resource for investors and traders seeking the latest updates and insights on Oddity Tech Ltd. stock.
ODDITY Tech Ltd. (NASDAQ: ODD) is a consumer tech company that builds and scales digital-first brands in beauty, wellness and telehealth. Its AI-driven online platform serves approximately 60 million users and underpins brands such as IL MAKIAGE, SpoiledChild and METHODIQ.
The ODDITY news feed highlights the company’s regular financial updates, including quarterly earnings releases furnished on Form 6-K. These announcements cover net revenue, gross margin, net income, adjusted EBITDA, adjusted net income and adjusted diluted EPS, along with cash and investment balances and forward-looking financial outlooks.
Investors following ODDITY news can track developments such as the launch and expansion of METHODIQ, a medical telehealth platform focused on dermatology, and ongoing investment in ODDITY Labs, the company’s biotechnology and molecule discovery lab in Boston. News items also include capital markets activity, such as the pricing of exchangeable senior notes by Oddity Finance LLC, a wholly owned indirect subsidiary, and block trades of Class A ordinary shares by major shareholders.
Corporate governance and regulatory milestones appear in the news flow as well, including notices of upcoming earnings calls, details of the Annual General Meeting of Shareholders in Israel, and the furnishing of proxy materials. For anyone researching ODD stock, this page offers a centralized view of ODDITY’s financial performance, brand launches, capital structure updates and key corporate events over time.
ODDITY Tech (NASDAQ: ODD), the consumer tech platform behind IL MAKIAGE and SpoiledChild, has announced it will release its third quarter 2024 financial results after market close on November 6, 2024. This will be followed by a conference call on November 7, 2024, at 8:30 a.m. Eastern Time.
To participate in the conference call, dial 1-800-717-1738 (US) or 1-646-307-1865 (international) with access code 24334. A webcast will be available on ODDITY's investor website. For those unable to attend, a recording will be accessible by dialing 1-844-512-2921 (US) or 1-412-317-6671 (international) with access code 1124334. The webcast archive will remain available on ODDITY's investor website for seven days post-call.
ODDITY Tech (NASDAQ: ODD) reported record Q2 2024 results, surpassing guidance across all metrics. Net revenue reached $193 million, up 27% year-over-year, while adjusted EBITDA hit $62 million, a 49% increase. Net income grew 52% to $45 million, with adjusted net income up 58% to $51 million. The company generated $104 million in free cash flow for H1 2024.
ODDITY raised its full-year 2024 outlook, projecting net revenue between $633-640 million (24-26% YoY growth) and adjusted EBITDA of $142-146 million. The company announced Ido Bachelet as Chief Science Officer to lead ODDITY LABS in Boston. With a strong balance sheet including $268 million in cash and zero debt, ODDITY has begun share buybacks, repurchasing 250,000 shares for $10 million.
ODDITY Tech (NASDAQ: ODD), the consumer tech platform behind IL MAKIAGE and SpoiledChild, has announced it will release its second quarter 2024 financial results on August 7, 2024, after market close. This will be followed by a conference call on August 8, 2024, at 8:30 a.m. Eastern Time.
Investors can participate in the conference call by dialing 1-800-343-5172 (US) or 1-203-518-9856 (international) with the access code ODDITY. A webcast will be available on ODDITY's investor relations website. For those unable to attend, a replay will be accessible by dialing 1-844-512-2921 (US) or 1-412-317-6671 (international) with the access code 11156442.
ODDITY Tech (ODD) has appointed Yehoshua (Shuki) Nir as an independent Director and member of the Audit Committee, effective immediately. Oran Holtzman, co-founder and CEO of ODDITY, expressed enthusiasm for Nir's addition to the board, citing his broad experience as both director and executive as an invaluable asset.
Mr. Nir brings over two decades of strategic leadership experience to ODDITY's board. He currently serves as Chief Marketing Officer of SolarEdge Technologies, and holds directorships at Kornit Digital and Cardo Systems. His past roles include co-founding and serving as CEO of MindEcho, as well as holding strategic positions in various tech companies. Nir's educational background includes an MBA, LLB, and BA in Accounting from Tel Aviv University.
ODDITY Tech has announced a $150 million share buyback program, set to expire on June 30, 2027. The company has over $250 million in cash and investments and no debt, with an additional $100 million credit facility. Updated Q2 2024 guidance indicates revenue at the top end of the range with net revenue projected at $189 million, a 25% year-over-year growth. Gross margin is expected at 71%, Adjusted EBITDA at $60 million, and Adjusted Diluted EPS at $0.69.
ODDITY Tech (NASDAQ: ODD) announced a share buyback program, authorizing the repurchase of up to $150 million of its Class A Ordinary Shares, effective until June 30, 2027. The company holds over $250 million in cash, cash equivalents, and investments, with no financial debt and an additional $100 million in an undrawn credit facility. Due to the approval of the Buyback Plan, ODDITY has updated its Q2 2024 guidance: net revenue is projected to be approximately $189 million, a 25% year-over-year growth. The company also forecasts adjusted EBITDA of about $60 million and adjusted diluted EPS of $0.69, exceeding prior estimates.
ODDITY Tech (NASDAQ: ODD) has responded to a short seller report by NINGI Research, published on May 21, 2024. The company disputes the report's allegations, particularly the assertion that its Israeli brick-and-mortar business significantly contributes to its revenue and EBITDA. ODDITY clarified that this segment represents less than 5% of its Net Revenue and EBITDA in FY2023 and Q1 2024. The company also highlighted that its Israeli operations are fully audited by Ernst & Young, and any small-claims lawsuits mentioned in the report are minor, totaling less than $100,000. ODDITY emphasized its commitment to using technology to enhance customer experience and drive profitability, with the majority of its revenue coming from online sales. The company serves around 50 million users through its AI-driven platform.
ODDITY Tech (NASDAQ: ODD) reported record first quarter results for 2024, with net revenue reaching $212 million, a 28% increase year-over-year. Net income rose to $33 million, a 68% increase, and adjusted net income reached $38 million, an 82% increase. The company also achieved a record adjusted EBITDA of $48 million and free cash flow of $79 million. ODDITY exceeded financial guidance, showing excellent growth at key brands, and strengthening its balance sheet with $252 million in cash and no debt.
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