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 pioneering consumer tech platform that aims to revolutionize the beauty and wellness market. With a focus on leveraging user data, ODDITY develops high-performance beauty and wellness products through its diverse portfolio of brands, such as SpoiledChild and IL MAKIAGE. The company's platform combines cutting-edge technology with consumer insights to create innovative products that meet the unique needs of its users.
Headquartered in New York City and complemented by an R&D center in Tel Aviv and a biotechnology lab in Boston, ODDITY is well-positioned to lead in both digital transformation and scientific advancement within the industry. The company has reported exceptional financial growth, including a 57% increase in net revenue and a $107 million adjusted EBITDA for the fiscal year ending December 31, 2023.
ODDITY's expansive platform serves approximately 50 million users, making it one of the largest direct-to-consumer online platforms in the beauty and wellness sectors. Its commitment to technological and product innovation is underscored by substantial investment in ODDITY LABS, its biotech division focused on new molecule discovery.
The company has also demonstrated robust financial health, generating $85 million in free cash flow in 2023, and continues to invest in new growth initiatives. ODDITY's strategic focus includes expanding its product lines and entering new markets, all while maintaining high repeat rates and customer satisfaction.
For the first quarter of 2024, ODDITY achieved a remarkable revenue growth, further raising its full-year guidance based on continued strong performance and high repeat rates. The company remains committed to its long-term growth algorithm of 20%-plus revenue growth and 20%-plus adjusted EBITDA margin.
Looking ahead, ODDITY is preparing to launch new brands and products while leveraging its platform to maintain a competitive edge. With its data-driven approach and relentless focus on innovation, ODDITY Tech Ltd. is poised to continue disrupting the beauty and wellness industry.
FAQ
What is the current stock price of ODDITY Tech Ltd. (ODD)?
What is the market cap of ODDITY Tech Ltd. (ODD)?
What is ODDITY Tech Ltd.?
Where is ODDITY Tech Ltd. headquartered?
What were ODDITY’s financial results for 2023?
What are ODDITY’s key brands?
What is ODDITY LABS?
How many users does ODDITY serve?
What is ODDITY’s growth strategy?
What is ODDITY’s revenue growth target?
How does ODDITY use user data?
How can I participate in ODDITY’s financial conference calls?
