Why Oddity Stock Jumped 10% in May
Oddity Tech .(ODD) The Motley Fool·2024-06-05 00:05
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 ...