THE WHAT? Oddity Tech Ltd. (NASDAQ: ODD) has announced its preliminary unaudited financial results for the third quarter ending September 30, 2023. The company plans to hold a conference call to discuss these results in detail on October 3, 2023. These results are expected to mark the strongest third quarter in the company’s history, with significant growth in net revenue and adjusted EBITDA.
THE DETAILS CEO Oran Holtzman highlighted the success of Oddity’s beauty and wellness brands, IL MAKIAGE and SpoiledChild, attributing the strong financial performance to the company’s technology and data-driven platform. CFO Lindsay Drucker Mann noted the revenue growth and higher-than-expected gross margins, with preliminary figures surpassing initial guidance. The results are pending final adjustments, with full details to be disclosed in November as per Oddity’s standard reporting schedule. It’s important to note that these figures are based on non-GAAP financial measures, and the actual results may vary after the completion of standard quarter-end accounting procedures.
THE WHY? Oddity’s impressive preliminary results reflect the strength and efficiency of its business model, which leverages technology and data analytics in the beauty and wellness market. The success of its key brands and the integration of new biotech innovations through ODDITY LABS indicate a robust growth trajectory. These positive trends give the company confidence in delivering year-end solid results, reinforcing its market position and potential for future expansion.
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
