TYSONS CORNER, Va. and PETAH TIKVA, Israel, July 17, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a leader in digital investigative solutions for the public and private sectors, officially established Cellebrite Federal Solutions, further elevating the Company's ability to serve the unique needs of the U.S. federal government through its AI-driven Case-to-Closure [C2C] platform for accelerating justice. This newly established operation builds on the Company's long and rich history of serving U.S. just ...

Company Overview - Cellebrite (CLBT) is recognized as the gold standard in digital forensics intelligence, serving law enforcement, government, and private sector clients [3][4][12] - The company generates 86% of its FY23 revenue from subscriptions, with the remainder from perpetual licenses (4%) and professional services (10%) [4] Competitive Advantage - CLBT's competitive advantage is solidified by its extensive customer base, which includes over 6,000 clients, such as more than 100 federal accounts and over 3,000 state and local accounts across all 50 states [12] - The trust established with reputable entities creates a high barrier to entry for competitors, as switching providers is unlikely for customers who rely on CLBT's proven solutions [7][12] Market Dynamics - Approximately 90% of crimes now involve a significant digital component, increasing the demand for CLBT's solutions in criminal investigations [11] - The total addressable market (TAM) for CLBT is substantial, and the company is well-positioned to capture more market share through upselling and cross-selling opportunities [35] Financial Performance - CLBT has maintained a net dollar retention rate of 125% since FY21, indicating strong customer loyalty and the potential for upselling additional modules [24] - The company is projected to achieve a 20% growth rate moving forward, supported by historical growth rates of 25% and a recent 1Q24 growth of 26% [40] Future Growth Strategies - CLBT plans to upgrade its existing customer base to its Inseyets platform, which is expected to enhance pricing power and deliver a 20% to 25% uplift in value compared to legacy solutions [24] - The company aims to penetrate new departments and functions within its existing customer base, creating additional revenue streams [24]

TYSONS CORNER, Va. and PETAH TIKVA, Israel, July 09, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced it will report its second-quarter 2024 financial results before market open on Thursday, August 15, 2024. Later that same morning, Cellebrite will host a live conference call and webcast to review the Company's | --- | --- | |-------------------|-------------------------------------------------- ...

TYSONS CORNER, Va. and PETAH TIKVA, Israel, June 26, 2024 (GLOBE NEWSWIRE) -- Cellebrite (Nasdaq: CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, announced today that its Endpoint Inspector SaaS, the Company's real-time data access, collection and analysis solution, is now available on Amazon Web Services (AWS) Marketplace (Nasdaq: AMZN). Endpoint Inspector SaaS is Cellebrite's second solution in the AWS Marketplace following Guardian. The Company's cont ...

Cellebrite DI Ltd. (NASDAQ:CLBT) Q1 2024 Earnings Call Transcript May 23, 2024 8:30 AM ET Company Participants Andrew Kramer - IR Yossi Carmil - CEO Dana Gerner - CFO Conference Call Participants Shaul Eyal - TD Cowen Jonathan Ho - William Blair Mike Cikos - Needham Eric Martinuzzi - Lake Street Brian Essex - JPMorgan Jeff Van Rhee - Craig-Hallum Louie DiPalma - William Blair Tomer Zilberman - Bank of America Operator Welcome to the Cellebrite First Quarter 2024 Financial Results Conference Call. At this ti ...

Financial Performance - Q1 2024 - Total revenue for Q1 2024 reached $90 million, a 26% increase compared to $71 million in Q1 2023[44, 5] - Subscription revenue for Q1 2024 was $79 million, up 29% from the previous year[25] - ARR (Annual Recurring Revenue) grew by 27% to $332 million as of March 2024, compared to $261 million in March 2023[9, 25] - Adjusted EBITDA for Q1 2024 was $18 million, representing a 20% margin[44] Financial Outlook - The company anticipates revenue between $90 million and $94 million for Q2 2024[87] - The company anticipates revenue between $370 million and $380 million for FY 2024[87] - The company anticipates Adjusted EBITDA between $16 million and $19 million for Q2 2024[87] - The company anticipates Adjusted EBITDA between $70 million and $80 million for FY 2024[87] Additional Metrics - Gross margin for Q1 2024 was 86%[56] - Cash position as of March 31, 2024, was $347.3 million, an increase of $15.5 million from Q4 2023 and $126.1 million from Q1 2023[78] - Gross retention rate is approximately 91%[52]

Core Viewpoint - Cellebrite DI Ltd. reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, and showing an increase from $0.03 per share a year ago, indicating a strong performance in the recent quarter [1][2]. Financial Performance - The company achieved revenues of $89.58 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 4.15%, and up from $71.23 million in the same quarter last year [2]. - Over the last four quarters, Cellebrite has consistently exceeded consensus EPS estimates and revenue expectations [2]. Stock Performance - Since the beginning of the year, Cellebrite DI Ltd. shares have increased by approximately 34.1%, significantly outperforming the S&P 500's gain of 11.3% [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for continued outperformance in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08, with projected revenues of $89.79 million, and for the current fiscal year, the consensus EPS estimate is $0.32 on revenues of $376.96 million [7]. - The trend of estimate revisions for the company has been favorable leading up to the earnings release [6]. Industry Context - The Technology Services industry, to which Cellebrite belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]. - Another company in the same industry, Alithya Group, is expected to report a quarterly loss, indicating varying performance within the sector [9].

Cellebrite Announces First-Quarter 2024 Results Q1 2024 revenue of $89.6 million, up 26% year-over-year primarily due to 29% growth in subscription revenue; TYSONS CORNER, VA and PETAH TIKVA, ISRAEL, May 23, 2024 – Cellebrite (NASDAQ: CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced financial results for the three months ending March 31, 2024. First-Quarter 2024 Financial Highlights ● Revenue of $89.6 million, up 26% year-over-year ● Recur ...

ARR of $331.8 million, up 27% year-over-year; Q1 2024 revenue of $89.6 million, up 26% year-over-year primarily due to 29% growth in subscription revenue; Q1 2024 adjusted EBITDA of $17.6 million, 19.7% adjusted EBITDA margin TYSONS CORNER, Va. and PETAH TIKVA, Israel, May 23, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced financial results for the three months ending March 31, 2024. "Cellebri ...

ARR of $331.8 million, up 27% year-over-year; Q1 2024 revenue of $89.6 million, up 26% year-over-year primarily due to 29% growth in subscription revenue; Q1 2024 adjusted EBITDA of $17.6 million, 19.7% adjusted EBITDA margin TYSONS CORNER, Va. and PETAH TIKVA, Israel, May 23, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced financial results for the three months ending March 31, 2024. "Cellebri ...