Business
Cellebrite Announces Third Quarter 2021 Results
Revenue of $65.9 million, up 24% year-over-year; Ups revenue guidance for full year 2021 GAAP net income of $8.1 million; Adjusted EBITDA of $15.0 million,
About this update from Cellebrite Di Ltd.
[{"type":"text","content":"Revenue of $65.9 million, up 24% year-over-year; Ups revenue guidance for full year 2021\nGAAP net income of $8.1 million; Adjusted EBITDA of $15.0 million, 22.8% Adjusted EBITDA margin; Ups adjusted EBITDA guidance for full year 2021 \n PETAH TIKVA, Israel, Nov. 10, 2021 /PRNewswire/ -- 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 ended September 30, 2021.\n\n \n \n \n \n \n \n\n \n\"In our first quarterly reporting since becoming a public company, we are pleased to deliver significant progress on our strategic initiatives together with strong financial results,\" said Yossi Carmil, Cellebrite's CEO. \"Our customers remain committed to leveraging our digital intelligence platform, as reflected in our strong revenue and ARR growth and our high retention rate. We have continued to expand our portfolio both through organic innovation and the acquisition of Digital Clues. Our commitment to increasing the breadth and scope of our offerings will help drive new customer adoption and enable our existing customers to apply their digital transformation initiatives throughout the investigative workflow, providing us with a tremendous market opportunity.\"\nThird Quarter Financial Highlights\nRevenue of $65.9 million, up 24% year-over-year, of which Subscription revenue of $51.3 million, up 46% year-over-year Annual Recurring Revenue (ARR) of $171 million, up 42% year-over-year Recurring revenue dollar-based net retention rate of 139% Gross profit and gross margin of $53.9 million and 81.9%, respectively GAAP net income of $8.1 million; Non-GAAP net income of $13.3 million Adjusted EBITDA and Adjusted EBITDA margin of $15.0 million and 22.8%, respectivelyThird Quarter and Recent Digital Intelligence Highlights\nClosed 25 deals above $500,000 including the largest deal in the Company's history, with a federal customer in North America, of approximately $10 million in revenue. Introduced a new SaaS solution: Guardian, a comprehensive investigative digital evidence management system (DEMS) designed to transform evidence and workflow management throughout the entire investigative process.Launched Premium Enterprise, boosting productivity and accelerating time to evidence by decentralizing advanced collection capab...