Oddity Tech Ltd. Announces Share Buyback and Revises Q2 Guidance
Ticker: ODD · Form: 6-K · Filed: Jun 7, 2024 · CIK: 1907085
| Field | Detail |
|---|---|
| Company | Oddity Tech LTD (ODD) |
| Form Type | 6-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | mixed |
Sentiment: mixed
Topics: share-buyback, guidance-revision, press-release
TL;DR
Oddity Tech buying back stock & tweaking Q2 outlook - bullish sign?
AI Summary
On June 7, 2024, Oddity Tech Ltd. announced a share buyback program and revised its guidance for the second fiscal quarter ending June 30, 2024. The company is based at 8 Haharash Street, Tel Aviv-Jaffa, Israel.
Why It Matters
This announcement indicates management's confidence in the company's future performance, potentially leading to increased shareholder value through a reduced share count.
Risk Assessment
Risk Level: medium — Share buybacks and revised guidance can signal confidence, but also potential headwinds if the revised guidance is not met.
Key Players & Entities
- Oddity Tech Ltd. (company) — Registrant
- June 7, 2024 (date) — Announcement date
- June 30, 2024 (date) — End of second fiscal quarter
- 8 Haharash Street, Tel Aviv-Jaffa, 6761304, Israel (location) — Principal executive office
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K filing is to report a press release issued by Oddity Tech Ltd. on June 7, 2024, announcing a share buyback program and revised guidance for its second fiscal quarter.
When was the press release announcing the share buyback and revised guidance issued?
The press release was issued on June 7, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 8 Haharash Street, Tel Aviv-Jaffa, 6761304, Israel.
What fiscal period does the revised guidance pertain to?
The revised guidance pertains to the second fiscal quarter ending June 30, 2024.
Which exhibit contains the press release?
The press release is furnished as Exhibit 99.1 to this Form 6-K.
Filing Stats: 201 words · 1 min read · ~1 pages · Grade level 8.9 · Accepted 2024-06-07 08:05:04
Filing Documents
- tm2416716d1_6k.htm (6-K) — 10KB
- tm2416716d1_ex99-1.htm (EX-99.1) — 21KB
- tm2416716d1_ex99-1img001.jpg (GRAPHIC) — 7KB
- 0001104659-24-069312.txt ( ) — 42KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ODDITY TECH LTD. By: /s/ Lindsay Drucker Mann Name: Lindsay Drucker Mann Title: Global Chief Financial Officer Date: June 7, 2024