Management reports that the business is doing better than expected and now it's rewarding shareholders. Shares of technology-enhanced cosmetics platform Oddity Tech (ODD 21.27%) soared on Friday after the company raised its guidance for the second quarter of 2024 and announced a stock buyback program. As of 2:40 p.m. ET, Oddity Tech stock was up a whopping 22%. Here's why investors are cheering I'm not trying to be sound alarmist, but the timing of this announcement from Oddity Tech is noteworthy. Just week ...

Net revenue of approximately $189 million, representing year-over-year growth of 25%. Gross margin of approximately 71.0%. Adjusted EBITDA of approximately $60 million. Adjusted diluted EPS approximately $0.69. Non-GAAP Financial Measures ODDITY defines "Adjusted EBITDA" as net income before financial expenses (income), net, taxes on income, and depreciation and amortization as further adjusted to exclude share-based compensation expense and nonrecurring items. ODDITY believes Adjusted EBITDA is useful for ...

The financial outlook figures presented above are forward-looking statements that are subject to a variety of assumptions and estimates. Actual results may differ materially from ODDITY's financial outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below. Non-GAAP Financial Measures In addition to the GAAP financial measures set forth in this press release, ODDITY has included the following non-GAAP financial measures: Adjusted EBITDA and Adjusted diluted EP ...

ODDITY currently has over $250 million of cash, cash equivalents, and investments on its balance sheet. It has zero financial debt, and an additional $100 million available through an undrawn credit facility. The company's cash deployment strategy prioritizes reinvestment in the business, M&A, and buybacks as appropriate. Net revenue of approximately $189 million, representing year-over-year growth of 25%. Gross margin of approximately 71.0%. Adjusted EBITDA of approximately $60 million. Adjusted diluted EP ...

The average comprises eight short-term price targets ranging from a low of $42 to a high of $66, with a standard deviation of $8.02. While the lowest estimate indicates an increase of 15.1% from the current price level, the most optimistic estimate points to an 80.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. Price, Consensus and EPS Surprise W ...

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Oddity Tech Ltd. ("Oddity" or the "Company") (NASDAQ: ODD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. ...

This looks like a concept that's catching on. Oddity went public last July with high revenue growth and increasing profits. That trend has only continued over the past few quarters. In the 2024 first quarter, revenue increased 28% to $212 million. Net income increased 68% to $33 million, and Oddity generated $79 million in free cash flow. Management is gearing up for more. Based on the first-quarter results, it raised its full-year outlook across the board. Oddity is also in the process of developing more b ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Oddity Tech Ltd. ("Oddity" or the "Company") (NASDAQ: ODD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Oddity and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 21, 2024, Ningi Resea ...

Take advantage of Nvidia's (NASDAQ:NVDA) investor enthusiasm with these under-the-radar stocks. The chip giant's latest quarterly revenues were $26 billion, 262% more than last year, and net earnings were $14.9 billion, which was beyond expectations. Nvidia achieved record earnings due to increasing demand for its artificial intelligence (AI) products and data center operations. As a result, Nvidia's stock went through the roof, rising 24% to a new high. This increase affected the tech industry, which helpe ...

BOSTON, May 28, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Oddity Tech (NASDAQ:ODD) for potential securities law violations. Investors who have lost money in their Oddity Tech investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/odd. Shares in Oddity Tech fell significantly on May 21, 2024, after Ningi Research published a report alleging that the company has been misleading investors. The report all ...