ODDITY Tech Ltd. Class A (ODD) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
ODDITY Tech Ltd. has reported a stellar first quarter with a 28% increase in net revenue to $212 million and a 68% surge in net income to $33 million, year-over-year. The company’s strong financial performance, including record-setting adjusted EBITDA and free cash flow, has prompted an optimistic revision of its full-year outlook. ODDITY’s robust balance sheet with $252 million in cash and zero debt, combined with aggressive investment in growth, signals a confident stance against market concerns of an industry slowdown.
For further insights into ODD stock, check out TipRanks’ Stock Analysis page.