ODDITY Tech Ltd. Class A (ODD) has released an update.
ODDITY Tech Ltd. has launched a share buyback program of up to $150 million, set to expire by mid-2027, alongside raising its Q2 2024 revenue, EBITDA, and EPS projections due to robust financial health, including a cash reserve of over $250 million and no debt. The company anticipates Q2 revenues of about $189 million, marking a 25% year-over-year growth, with a gross margin around 71% and adjusted EBITDA of roughly $60 million. These financial moves signal confidence in ODDITY’s growth trajectory and operational efficiency.
For further insights into ODD stock, check out TipRanks’ Stock Analysis page.
