TEL AVIV-YAFO

ODDITY Tech Reports Record First Quarter Results, Raises Outlook

Retrieved on: 
Tuesday, May 7, 2024
Investment, EPS, Beauty, Video game

Record first quarter net revenue of $212 million, up 28% year-over-year

Key Points: 
  • Record first quarter net revenue of $212 million, up 28% year-over-year
    Record first quarter net income of $33 million, up 68% year-over-year, and record first quarter adjusted net income of $38 million, up 82% year-over-year
    Record first quarter adjusted EBITDA of $48 million, up 69% year-over-year
    NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (NASDAQ: ODD) today announced its financial results for the first quarter ended March 31, 2024.
  • “We delivered our most important quarter of the year with outstanding revenue growth and profitability,” said Oran Holtzman, ODDITY co-founder and CEO.
  • Diluted EPS were $0.53 for the first quarter of 2024 compared to $0.35 in the first quarter of 2023.
  • Adjusted diluted EPS were $0.61 for the first quarter of 2024 compared to $0.37 in the first quarter of 2023.

HUB Cyber Security Strongly Responds To Dominion’s Misleading Lawsuit; Reaffirms Dedication To Expansion And Worldwide Customer Support

Retrieved on: 
Friday, April 19, 2024
Rafael Advanced Defense Systems, Dominion, TEL, HUB, Growth, IBN, District court, Pressure, Acquisition, The Company

HUB has filed a counterclaim in the New York court action, alleging various misconduct by Dominion.

Key Points: 
  • HUB has filed a counterclaim in the New York court action, alleging various misconduct by Dominion.
  • HUB is fully committed to defending its reputation and the integrity of its business operations through all necessary legal means.
  • HUB is a robust company that has won the trust of investors and its dedicated clients.
  • This acquisition is a strategic expansion that complements HUB's continuously growing pipeline of innovative solutions and market reach.

ODDITY to Announce First Quarter 2024 Financial Results on May 7, 2024

Retrieved on: 
Wednesday, April 17, 2024
Webcast

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) (NASDAQ: ODD), the consumer tech platform behind IL MAKIAGE and SpoiledChild that is built to transform the global beauty and wellness market, today announced that it will release its first quarter 2024 financial results after the market close on Tuesday, May 7, 2024, to be followed by a conference call on Wednesday, May 8, 2024, at 8:30 a.m. Eastern Time.

Key Points: 
  • NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) (NASDAQ: ODD), the consumer tech platform behind IL MAKIAGE and SpoiledChild that is built to transform the global beauty and wellness market, today announced that it will release its first quarter 2024 financial results after the market close on Tuesday, May 7, 2024, to be followed by a conference call on Wednesday, May 8, 2024, at 8:30 a.m. Eastern Time.
  • To participate in the conference call, please dial 1-877-407-9208 (US) or 1-201-493-6784 (international).
  • A webcast of the call will be accessible on the Investors section of ODDITY’s website at https://investors.oddity.com.
  • An archive of the webcast will be available on the Investors section of ODDITY’s website for seven days following the call.

HUB Cyber Security Secures $8 Million in Financing to Accelerate Growth and Strengthen Financial Position

Retrieved on: 
Friday, April 5, 2024
HUB, Acquisition, Growth, TEL, IBN

This strategic financing is part of the company's ongoing effort to fortify its financial foundation and strategically invest in its future.

Key Points: 
  • This strategic financing is part of the company's ongoing effort to fortify its financial foundation and strategically invest in its future.
  • Opting for a straight debt facility, we have set our sights on fueling HUB’s growth, enhancing our working capital, and seamlessly fulfilling our obligations to creditors.
  • This financing mechanism was meticulously chosen to ensure we stay on course with our financial responsibilities while vigorously pursuing our expansion plans.
  • Noah Hershcoviz, CEO of HUB, remarked, “Securing this financing underlines our commitment to growth and financial stability.

HUB Cyber Security Acquires QPoint Technologies, Advancing its Plans for a Secured Data Fabric Ecosystem

Retrieved on: 
Thursday, April 4, 2024
The Company, IBN, Acquisition, Yoy, Rafael Advanced Defense Systems, HUB, Ministry, Defense, Government, TEL, ICT

Following this acquisition HUB holds 100% of QPoint.

Key Points: 
  • Following this acquisition HUB holds 100% of QPoint.
  • This acquisition is strategically aligned with HUB’s mission to establish a leading global secure data fabric ecosystem.
  • Established in 2009, QPoint comprises five subsidiaries and provides solutions and consulting across various verticals, including innovative data management and security solutions.
  • Noah Hershcoviz, CEO of HUB, declared, "Acquiring QPoint is not just a transaction; it's a strategic move deeply embedded in our long-term vision.

Arbe Opens an Office in Shanghai, China, Solidifying the Company’s Presence in the Region

Retrieved on: 
Wednesday, March 20, 2024
Rizhao, ITS, Original equipment manufacturer, Perception, Robotics, DiDi, ITMS, Intelligent transportation system, Radar, Safety, TEL, Port, Engineering, Fine chemical

TEL AVIV, Israel, March 20, 2024 - Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar solutions, today announces that it opened an office in Shanghai, China, solidifying the company’s presence in the region.

Key Points: 
  • TEL AVIV, Israel, March 20, 2024 - Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar solutions, today announces that it opened an office in Shanghai, China, solidifying the company’s presence in the region.
  • The strategic move will position Arbe closer to the local OEMs and to the Chinese market, helping the company provide better customer service and position Arbe to gain market share.
  • Arbe and Weifu High-Technology Group signed a strategic cooperation agreement with KargoBot, DiDi's autonomous freight company, to provide 4D Imaging Radars based on the Arbe proprietary chipset.
  • The first deployment started at the RiZhao port and will be expanded to additional ports across China.

LightSolver LPU100 Laser Computing System Empowers Enterprises to Solve the Toughest Optimization Problems

Retrieved on: 
Tuesday, March 19, 2024
Organization, Risk management, GPU, Vehicle, VMM, Laser, Risk, Quantum computing, Electronics, Senior, Computer, Collection, VRP, TEL

TEL AVIV, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- LightSolver , creator of a new laser-based computing paradigm, today announced a breakthrough in quantum-inspired high-performance computing.

Key Points: 
  • TEL AVIV, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- LightSolver , creator of a new laser-based computing paradigm, today announced a breakthrough in quantum-inspired high-performance computing.
  • Its LPU100 system unleashes the power of 100 lasers to solve the toughest optimization problems, challenging the processing times of quantum and supercomputers.
  • The compute capabilities of the LPU100 are now accessible to select enterprise clients through LightSolver’s new cloud platform.
  • As a purely optical system, the LPU100 overcomes the performance barriers of electronics and can execute mathematical operations at unprecedented speed.

ODDITY Announces Pricing of Secondary Offering of Class A Ordinary Shares

Retrieved on: 
Friday, March 15, 2024
Telephone, Sale, Attention, Prospectus, Broadridge Financial Solutions, KeyBank, Varick Street, 2nd Floor, J.P. Morgan & Co., Security (finance)

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the pricing of a previously announced underwritten secondary public offering of 4,782,609 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”) at a price of $43.50 per share.

Key Points: 
  • NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the pricing of a previously announced underwritten secondary public offering of 4,782,609 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”) at a price of $43.50 per share.
  • The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 717,391 Ordinary Shares.
  • The offering is expected to close on March 19, 2024, subject to the satisfaction of customary closing conditions.
  • ODDITY is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.

ARBE TO PARTICIPATE AT THE 36th ANNUAL ROTH CONFERENCE

Retrieved on: 
Thursday, March 14, 2024
Conference, Metal, Sustainability

Tel Aviv, Israel, March 14, 2024 — Arbe Robotics Ltd. (Nasdaq: ARBE) (“Arbe”), a global leader in Perception Radar Solutions, today announces that Kobi Marenko, Chief Executive Officer, will be holding 1-on-1 meetings at the 36th Annual Roth Conference on Monday, March 18.

Key Points: 
  • Tel Aviv, Israel, March 14, 2024 — Arbe Robotics Ltd. (Nasdaq: ARBE) (“Arbe”), a global leader in Perception Radar Solutions, today announces that Kobi Marenko, Chief Executive Officer, will be holding 1-on-1 meetings at the 36th Annual Roth Conference on Monday, March 18.
  • Investors who wish to attend the conference and schedule a meeting with Arbe’s management may contact their Roth MKM sales person.
  • For more information regarding the event, please visit Arbe’s events page here .
  • This year’s event will consist of 1-on-1 / small group meetings, analyst-selected fireside chats, thematic industry panels, and company presentations by executive management from approximately 500 private and public companies in a variety of growth sectors including: Consumer, Technology & Media, Sustainability & Industrial Growth, AgTech, Energy, Metals & Mining, Healthcare, Services and Insurance.

ODDITY Announces Secondary Offering of Class A Ordinary Shares

Retrieved on: 
Tuesday, March 12, 2024
Exchange, Telephone, Sale, Attention, Security (finance), Prospectus, Broadridge Financial Solutions, Varick Street, 2nd Floor, Barclays, J.P. Morgan & Co.

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the commencement of an underwritten secondary public offering of 4,000,000 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”).

Key Points: 
  • NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- ODDITY Tech Ltd. (“ODDITY”) today announced the commencement of an underwritten secondary public offering of 4,000,000 of ODDITY’s Class A ordinary shares (“Ordinary Shares”) by a fund managed by L Catterton (the “Selling Stockholder”).
  • The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 600,000 Ordinary Shares.
  • ODDITY is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder.
  • Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Allen & Company LLC and Evercore Group L.L.C.