Oddity Tech (ODD 29.47%) stock is getting hit with a big post-earnings sell-off in Tuesday's trading. The beauty industry software analytics company's share price was down 31.1% as of 2:10 p.m. ET.
Oddity reported its first-quarter results before the market opened today, and performance for the period was mixed. In addition to a wider-than-expected loss in the period, management's commentary and forward guidance were not encouraging. The stock is now down 87% over the last year.
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Oddity's Q1 report wasn't encouraging
Oddity reported a non-GAAP (adjusted) loss of $0.17 per share in the first quarter, which was far worse than the average analyst estimate's call for a break-even quarter. While the company's revenue of $197.9 million in the period beat the average analyst estimate by roughly $10 million, sales still fell 26.2% year over year in the quarter.
NASDAQ: ODD
Key Data Points
What's next for Oddity?
For the current quarter, Oddity expects year-over-year sales to be down between 25% and 30%. Meanwhile, the company expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be between $8 million and $10 million for the quarter and also guided for positive adjusted EBITDA for the year. Oddity's sales declines aren't moderating to the extent that investors had hoped, and a big margins miss in Q1 and soft forward guidance aren't inspiring confidence.
