ODD Latest Report

Performance Review

ODDITY Tech's total operating revenue reached US$1.236 billion as of December 31, 2024, up 27.34% from US$972 million in 2023, reflecting significant progress in revenue generation, possibly attributed to increased market demand, optimized marketing strategies, and improved operational efficiency.

Key Data in the Financial Report

1. ODDITY Tech's total operating revenue reached US$1.236 billion in 2024, showing a strong growth trend with a 27.34% increase.

2. The company launched new ultrasonic sensor products in 2024, applied in smart driving and other fields, contributing to revenue growth.

3. ODDITY Tech's market strategy changed in 2024, emphasizing technology-driven and optimized user experience, expected to attract more customers.

4. The overall market growth rate in the industry remains stable, and is expected to continue growing in the next few years, providing a good market environment for the company.

Peer Comparison

1. Industry-wide analysis: The industry in which ODDITY Tech operates generally shows a growth trend, especially in the smart driving and robotics sectors, in line with the growth of market demand. According to industry data, the global dental market is expected to grow at a compound annual growth rate of 8.6% from 2020 to 2025, indicating the industry's continuous potential. [Source](https://www.p5w.net/kuaixun/202406/t20240619_6096196.htm)

2. Peer evaluation analysis: ODDITY Tech's 27.34% revenue growth rate is significantly higher than some of its competitors, such as SANGFOR Tech, whose revenue in the first half of 2024 decreased by 7.72%. This indicates that ODDITY Tech performs well in the market competition, with strong market adaptability and competitive advantages.

Summary

ODDITY Tech's significant revenue growth is mainly attributed to its successful market strategy, product innovation, and the overall positive industry environment. The company effectively enhanced customer demand and purchase intention through the launch of new products and optimized operations, demonstrating good development potential.

Opportunities

1. ODDITY Tech's new products such as ultrasonic sensors will bring new market opportunities in the smart driving sector, possibly driving future sales growth.

2. With the deep application of technology, the establishment of ODDITY LABS may promote the development of high-performance products, further enhancing market competitiveness.

3. The company's efforts in brand internationalization are expected to expand overseas markets and increase revenue sources.

Risks

1. Although ODDITY Tech's growth is strong, industry competition is intensifying, and other competitors such as Montage Technology show strong growth potential, which may pose a threat to market share.

2. Changes in market demand or economic fluctuations may affect the company's sales performance and revenue growth.

3. Continuous investment in technological innovation needs to be effective, and if R&D progress is slow, it may affect product competitiveness.