Business
Cellebrite Announces Fourth Quarter and Full Year 2021 Results
2021 revenue of $246 million, up 26% year-over-year 2021 ARR $187 million, up 37% year-over-year 2021 GAAP net income of $71.4 million; Adjusted EBITDA of
About this update from Cellebrite Di Ltd.
[{"type":"text","content":"2021 revenue of $246 million, up 26% year-over-year 2021 ARR $187 million, up 37% year-over-year 2021 GAAP net income of $71.4 million; Adjusted EBITDA of $47.9 million, 19.5% Adjusted EBITDA margin Provides 2022 outlook for 34-42% ARR growth and 16-22% revenue growth PETAH TIKVA, Israel, Feb. 16, 2022 (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 months and full year ended December 31, 2021. “We delivered a record revenue quarter, closing a strong year of record ARR, revenue, and operating profitability, while continuing to successfully execute on our strategy to modernize the entire investigative process for our customers,” said Yossi Carmil, Cellebrite’s CEO. “Our markets are healthy, our market position is strong, and our strategy is clear. We will continue to spearhead the growth of the investigative DI market as an undisputed leader of digital transformation in investigations. As a one-stop-shop DI vendor, Cellebrite is a valued technology partner to the law enforcement and judicial system. We look forward to continuing to provide our customers with a software platform that enables the acceleration of justice, while delivering growth and profitability to our shareholders.” Fourth Quarter Financial Highlights Revenue of $67.9 million, up 19% year-over-year, of which subscription revenue was $50.1 million, up 32% year-over-yearAnnual Recurring Revenue (ARR) of $187.1 million, up 37% year-over-yearRecurring revenue dollar-based net retention rate of 137%GAAP gross profit and gross margin of $55.6 million and 81.8%, respectivelyGAAP net income of $51.9 million; Non-GAAP net income of $5.2 millionGAAP Diluted EPS of $0.25; Non-GAAP Diluted EPS of $0.03Adjusted EBITDA and Adjusted EBITDA margin of $8.9 million and 13.1%, respectively Full Year Financial Highlights Revenue of $246.2 million, up 26% year-over-year, of which subscription revenue was $183.3 million, up 41% year-over-yearGAAP Gross profit and gross margin of $203.7 million and 82.7%, respectivelyGAAP net income of $71.4 million; Non-GAAP net income of $38.0 millionAdjusted EBITDA and Adjusted EBITDA margin of $47.9 million and 19.5%, respectively Fourth Quarter and Recent Digital Intelligence Highlights Closed 25 deals above $5...