Business
Cellebrite Announces Fourth Quarter 2022 Results
ARR of $249 million, up 33% year-over-year Fourth-quarter revenue of $74.0 million, Increase 9% year-over-year Fourth-quarter adjusted EBITDA of $16.1
About this update from Cellebrite Di Ltd.
[{"type":"text","content":"ARR of $249 million, up 33% year-over-year Fourth-quarter revenue of $74.0 million, Increase 9% year-over-year Fourth-quarter adjusted EBITDA of $16.1 million, 21.8% adjusted EBITDA margin PETAH TIKVA, Israel and TYSONS CORNER, Va., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence (“DI”) solutions for the public and private sectors, today announced financial results for the three and twelve months ending December 31, 2022. “We ended 2022 with solid quarterly results fueled by our industry-leading technology in a healthy Digital Intelligence market. Our market leadership remains strong as a result of the tangible progress and investments we have made in innovating across our platforms and executing on our go-to-market strategy,” said Yossi Carmil, Cellebrite’s CEO. “As data volumes are surging, data complexity is increasing and scrutiny around ethics and accountability are mounting, we are committed to helping customers modernize their investigations by digitizing the evidence workflows end-to-end. We enter 2023 well positioned to accelerate our revenue growth rate and drive improved profitability as we continue to capitalize on the strong demand we see for our offerings.” Fourth Quarter Financial Highlights Annual Recurring Revenue (ARR) of $249 million, up 33% year-over-yearRevenue of $74.0 million, up 9% year-over-year, of which subscription revenue was $62.3 million, up 24% year-over-yearRecurring revenue dollar-based net retention rate of 130%GAAP gross profit and gross margin of $61.9 million and 83.6%, respectivelyGAAP net income of $7.1 million; Non-GAAP net income of $15.3 millionGAAP diluted EPS of $0.04; Non-GAAP diluted EPS of $0.08Adjusted EBITDA and adjusted EBITDA margin of $16.1 million and 21.8%, respectively Full Year Financial Highlights Revenue of $270.7 million, up 10% year-over-year, of which subscription revenue was $216.0 million, up 18% year-over-yearGAAP gross profit and gross margin of $219.9 million and 81.3%, respectivelyGAAP net income of $120.8 million; Non-GAAP net income of $19.7 millionAdjusted EBITDA and Adjusted EBITDA margin of $25.9 million and 10%, respectively Fourth Quarter and Recent Digital Intelligence Highlights Closed 29 large deals in the fourth quarter, each valued at $500,000 or more.Won a $14 million agreement with a leading law ...