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ODDITY Tech Announces Share Buyback Plan, Raises Q2 Guidance
ODDOddity Tech .(ODD) GlobeNewswire News Room·2024-06-07 12:00

ODDITY currently has over 250millionofcash,cashequivalents,andinvestmentsonitsbalancesheet.Ithaszerofinancialdebt,andanadditional250 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 189million,representingyearoveryeargrowthof25189 million, representing year-over-year growth of 25%. Gross margin of approximately 71.0%. Adjusted EBITDA of approximately 60 million. Adjusted diluted EP ...