Oddity Tech Ltd Files 20-F Annual Report

TL;DR

<b>Oddity Tech Ltd filed its 20-F annual report for the fiscal year ending December 31, 2023, detailing financial performance and operational highlights.</b>

AI Summary

Oddity Tech Ltd (ODD) filed a Foreign Annual Report (20-F) with the SEC on March 6, 2024. Oddity Tech Ltd reported total assets of $983,861 for the fiscal year ending December 31, 2023. The company's total liabilities were $4,531,967.50 as of December 31, 2023. Revenue for the fiscal year ending December 31, 2023, was $38,384,577. Net income for the fiscal year ending December 31, 2023, was $1,154,700. Earnings per share for the fiscal year ending December 31, 2023, were $27.98.

Why It Matters

For investors and stakeholders tracking Oddity Tech Ltd, this filing contains several important signals. The filing provides a comprehensive overview of Oddity Tech Ltd's financial health and strategic positioning for investors and stakeholders. Key financial metrics such as revenue, net income, and total assets offer insights into the company's growth trajectory and market performance.

Risk Assessment

Risk Level: medium — Oddity Tech Ltd shows moderate risk based on this filing. The company's financial performance is subject to market fluctuations and competitive pressures within the beauty and personal care industry, as indicated by its revenue and net income figures.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 20-F filing to assess Oddity Tech Ltd's future prospects and potential investment risks.

Financial Highlights

revenue

38384577

total Assets

983861

net Income

1154700

eps

27.98

Key Numbers

• 983861 — Total Assets (As of December 31, 2023)
• 45319675 — Total Liabilities (As of December 31, 2023)
• 38384577 — Revenue (For the fiscal year ended December 31, 2023)
• 1154700 — Net Income (For the fiscal year ended December 31, 2023)
• 27.98 — Earnings Per Share (For the fiscal year ended December 31, 2023)

Key Players & Entities

• Oddity Tech Ltd (company) — Filer of the 20-F report
• 2024-03-06 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• 0001907085 (company) — Central Index Key
• 2844 (industry) — Standard Industrial Classification (SIC) code for Perfumes, Cosmetics & Other Toilet Preparations
• 8 HAHARASH (address) — Business and mailing address
• TEL AVIV-JAFFA (location) — City for business and mailing address
• 001-41745 (registration) — SEC File Number

FAQ

Key Dates

• 2024-03-06: Filing Date — Submission of the annual 20-F report
• 2023-12-31: Fiscal Year End — Period covered by the financial statements

Filing Documents

• tmb-20231231x20f.htm (20-F) — 3547KB
• tmb-20231231xex1d1.htm (EX-1.1) — 263KB
• tmb-20231231xex2d2.htm (EX-2.2) — 38KB
• tmb-20231231xex4d14.htm (EX-4.14) — 43KB
• tmb-20231231xex4d15.htm (EX-4.15) — 41KB
• tmb-20231231xex4d16.htm (EX-4.16) — 129KB
• tmb-20231231xex8d1.htm (EX-8.1) — 17KB
• tmb-20231231xex12d1.htm (EX-12.1) — 15KB
• tmb-20231231xex12d2.htm (EX-12.2) — 15KB
• tmb-20231231xex13d1.htm (EX-13.1) — 6KB
• tmb-20231231xex13d2.htm (EX-13.2) — 7KB
• tmb-20231231xex15d1.htm (EX-15.1) — 6KB
• tmb-20231231xex97d1.htm (EX-97.1) — 29KB
• tmb-20231231x20f007.jpg (GRAPHIC) — 27KB
• tmb-20231231x20f008.jpg (GRAPHIC) — 37KB
• tmb-20231231x20f009.jpg (GRAPHIC) — 68KB
• tmb-20231231x20f010.jpg (GRAPHIC) — 52KB
• tmb-20231231x20f011.jpg (GRAPHIC) — 25KB
• tmb-20231231x20f012.jpg (GRAPHIC) — 34KB
• tmb-20231231x20f013.jpg (GRAPHIC) — 18KB
• tmb-20231231x20f014.jpg (GRAPHIC) — 13KB
• tmb-20231231x20f015.jpg (GRAPHIC) — 24KB
• tmb-20231231x20f019.jpg (GRAPHIC) — 4KB
• tmb-20231231xex4d16001.jpg (GRAPHIC) — 1KB
• 0001104659-24-031179.txt (&nbsp;) — 13839KB
• tmb-20231231.xsd (EX-101.SCH) — 62KB
• tmb-20231231_cal.xml (EX-101.CAL) — 89KB
• tmb-20231231_def.xml (EX-101.DEF) — 235KB
• tmb-20231231_lab.xml (EX-101.LAB) — 624KB
• tmb-20231231_pre.xml (EX-101.PRE) — 476KB
• tmb-20231231x20f_htm.xml (XML) — 2231KB

Risk Factors

Risk Factors 4 ITEM 4. INFORMATION ON THE COMPANY 57 A. History and Development of the Company 57 B. Business Overview 58 C. Organizational Structure 79 D. Property, Plants and Equipment 79 ITEM 4A UNRESOLVED STAFF COMMENTS 79 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 79 A. Operating Results 80 B. Liquidity and Capital Resources 88 C. Research and Development, Patents and Licenses 91 D. Trend Information 91 E. Critical Accounting Estimates 91 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 93 A. Executive Officers and Directors 93 B. Compensation 95 C. Board Practices and Corporate Governance 106 D. Employees 117 E. Share Ownership 117 F. Disclosure of a Registrant's Action to Recover Erroneously Awarded Compensation 117 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 117 A. Major Shareholders 117 B. Related Party Transactions 119 C. Interests of Experts and Counsel 123 ITEM 8. FINANCIAL INFORMATION 123 A. Consolidated Statements and Other Financial Information 123 B. Significant Changes 124 ITEM 9. THE OFFER AND LISTING 124 A. Offer and Listing Details 124 B. Plan of Distribution 124 C. Markets 124 D. Selling Shareholders 124 E.

Dilution

Dilution 125 F. Expenses of the Issue 125 ITEM 10. ADDITIONAL INFORMATION 125 A. Share Capital 125 B. Articles of Association 125 C. Material Contracts 133 i Table of Contents D. Exchange Controls 133 E. Taxation 133 F. Dividends and Paying Agents 141 G. 141 H. Documents on Display 142 I. Subsidiary Information 142 J. Annual Report to Security Holders 142 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 142 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 143 A. Debt Securities 143 B. Warrants and Rights 143 C. Other Securities 143 D. American Depositary Shares 143 PART II 144 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 144 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 144 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES. 144 A. Disclosure Controls and Procedures 144 B. Management's Annual Report on Internal Control Over Financial Reporting 144 C. Attestation Report of the Registered Public Accounting Firm 144 D. Changes in Internal Control Over Financial Reporting 145 ITEM 16. [RESERVED] 145 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 145 ITEM 16B. CODE OF ETHICS 145 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 145 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 146 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 146 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 146 ITEM 16G. CORPORATE GOVERNANCE. 146 ITEM 16H. MINE SAFETY DISCLOSURE. 146 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS. 146 ITEM 16J. INSIDER TRADING POLICIES. 146 ITEM 16K. CYBERSECURITY. 147 PART III 150 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 150 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 150 ITEM 19. EXHIBITS 150

SIGNATURES

SIGNATURES 152 INDEX TO FINANCIAL STATEMENTS F-1 ii Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report contains or may contain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. These forward-looking statements include information about our possible or assumed future results of operations or our performance. Words such as "anticipate," "appear," "approximate," "believe," "continue," "could," "estimate," "expect," "foresee," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "would" and variations of such words and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The risk factors and cautionary language referred to in this Annual Report provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations described in our forward-looking statements, including among other things, the items identified in the section of this Annual Report titled "Item 3.D. Key Information—Risk Factors." In addition, forward-looking statements contained in this Annual Report include, but are not limited to, statements about: our ability to execute our business model, including our ability to successfully launch new products and brands our expectations regarding our financial and business performance the size of our addressable market, market share, and market trends our ability to attract and retain a large number of consumers our ability to anticipate the needs and wants of consumers our abi

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS A. Directors and Senior Management Not applicable. B. Advisors Not applicable. C. Auditors Not applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION

ITEM 3. KEY INFORMATION A. [Reserved] B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D.

Risk Factors

Risk Factors Summary An investment in our securities involves substantial risks and uncertainties that may adversely affect our business, financial condition and results of operations and cash flows. Some of the more significant challenges and risks relating to an investment in our company include, among other things, the following: Our brands are critical to our success, and the value of our brands may be adversely impacted by negative publicity. If we fail to maintain the value of our brands or our marketing efforts are not successful, our business, financial condition, and results of operations would be adversely affected. Our inability to anticipate and respond to market trends and changes in consumer preferences could adversely affect our business, financial condition, and results of operations. If we fail to attract new customers, retain existing customers, or fail to maintain or increase sales to those customers, our business, financial condition, and results of operations will be adversely affected. Our business depends on our ability to maintain a strong base of engaged customers and content creators, including through the use of social media. We may not be able to maintain and enhance our brand if we experience negative publicity related to our marketing efforts or use of social media, fail to maintain and grow our network of content creators, or otherwise fail to meet our customers' expectations. 4 Table of Contents We rely on single source suppliers for certain component materials of our products and the loss of suppliers or shortages or disruptions in the supply of raw materials or finished products could adversely affect our business, financial condition, and results of operations. If we are unable to accurately forecast consumer demand, manage our inventory and plan for future expenses, our business, financial condition, and results of operations could be adversely affected. Our recent rapid growth may not be sustainable or indicative o

View Full Filing

View this 20-F filing on SEC EDGAR