Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: our ability to maintain the value of our brands; our ability to anticipate and respond to market trends and changes in consumer preferences; our ability to attract new customers, retain existing customers and maintain or increase sales to those customers; our ability to maintain a strong base of engaged customers and content creators; the loss of suppliers or shortages or disruptions in the supply of raw materials or finished products; our ability to accurately forecast customer demand, manage our inventory, and plan for future expenses; our future rate of growth; competition; the fluctuating cost of raw materials; the illegal distribution and sale by third parties of counterfeit versions of our products or the unauthorized diversion by third parties of our products; changes in, or disruptions to, our shipping arrangements; our ability to manage our growth effectively; a general economic downturn or sudden disruption in business conditions; our ability to successfully introduce and effectively market new brands, or develop and introduce new, innovative, and updated products; foreign currency fluctuations; product returns; our ability to execute on our business strategy; our ability to maintain a high level of customer satisfaction; our ability to comply with and adapt to changes in laws and regulatory requirements applicable to our business, including with respect to regulation of the internet and e-commerce, evolving AI-technology related laws, tax laws, the anti-corruption, trade compliance, anti-money laundering, and terror finance and economic sanctions laws and regulations, consumer protection laws, and data privacy and security laws; failure of our products to comply with quality standards and risks related to product liability claims; trade restrictions; existing and potential tariffs; any data breach or other security incident of our information technology systems, or those of our third-party service providers or cyberattacks; risks related to online transactions and payment methods; any failure to obtain, maintain, protect, defend, or enforce our intellectual property rights; conditions in Israel and the Middle East generally, including as a result of geopolitical conflict; the concentration of our voting power as a result of our dual class structure; our status as a foreign private issuer; and other risk factors set forth in the section titled "Risk Factors” in our Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 25, 2025, and other documents filed with or furnished to the SEC.
First quarter net revenue of $268 million, up 27% year-over-yearFirst quarter adjusted EBITDA of $52 millionFirst quarter net income of $38 million and first quarter adjusted net income of $42 millionFirst quarter operating cash flow of $88 million and free cash flow of $87 million NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd.(NASDAQ: ODD) today announced its financial results for the first quarter ended March 31, 2025.
CONSOLIDATED STATEMENTS OF CASH FLOWSU.S.dollars in thousands Three months ended March 31, 2025 2024 Cash flows from operating activities: (Unaudited)Net income $37,831 $32,983 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 2,655 2,301 Share-based compensation 7,084 6,862 Accretion of discount of marketable securities (183) (768)Deferred income taxes (302) (1,298)Increase in trade receivables (4,289) (1,536)Increase in prepaid expenses and other receivables (4,631) (5,085)Decrease (increase) in inventories 3,554 (3,269)Increase in trade payables 41,642 29,505 Increase in other accounts payable and accrued expenses and other long-term liabilities 4,903 19,622 Change in operating lease right-of-use assets 1,969 1,159 Change in operating lease liability (2,049) (1,143)Other 152 314 Net cash provided by operating activities 88,336 79,647 Cash flows from investing activities: Purchase of property, plant and equipment (1,002) (655)Capitalization of software development costs (1,460) (1,106)Investment in marketable securities, net (1,069) (45,009)Other investing activities (430) (329) Net cash used in investing activities (3,961) (47,099) Cash flows from financing activities: Proceeds from exercise of options 1,931 6,431 Net cash provided by financing activities 1,931 6,431 Effect of exchange rate fluctuations on cash and cash equivalents 284 (127) Net increase in cash, cash equivalents and restricted cash 86,590 38,852 Cash, cash equivalents and restricted cash at the beginning of the period 50,347 38,766 Cash, cash equivalents and restricted cash at the end of the period $136,937 $77,618 ODDITY TECH LTD.
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