TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ: CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced the appointment of Sigalit Shavit as Chief Information Officer (CIO) who begins her role today, August 1, 2024. Shavit joins the Company's Leadership Team, bringing with her more than 30 years of experience to Cellebrite's information technology and security team. In this newly established posit ...

Core Insights - Relativity and Cellebrite have formed a strategic partnership to enhance mobile device collection, processing, and review for legal data use cases, aiming to improve efficiency and usability of mobile evidence [1][12] - The collaboration builds on a history of integration, including the direct integration of RelativityOne and Cellebrite Legal View, and aims to drive innovation in mobile data e-discovery [2][9] Company Overview - Relativity is a global leader in legal technology, providing software solutions that help users manage large volumes of data and identify key issues during litigation and investigations, with over 300,000 users across approximately 40 countries [7] - Cellebrite specializes in digital investigative solutions, focusing on enabling customers to protect lives, accelerate justice, and preserve privacy, with a mission to streamline intelligence processes in legally sanctioned investigations [3][11] Product Integration - The partnership will result in Cellebrite being the only mobile collection provider to natively integrate its offerings into RelativityOne Collect, allowing for remote mobile device collections to be managed directly within the platform [3][9] - The integration will facilitate automatic conversion of data from Cellebrite's proprietary UFD file format to Relativity Short Message Format (RSMF), enhancing the user experience and ensuring accurate processing of mobile data [3][12] Market Demand - The legal industry is increasingly reliant on mobile data, with a significant majority of cases requiring mobile data collection, highlighting the importance of innovative solutions in this area [6] - The collaboration is expected to address the growing demand for efficient and effective mobile data management solutions in the legal sector [12] Future Developments - An Advanced Access program for the Remote Mobile Collection and Conversion integration is set to launch in the U.S. this month, with general availability expected in fall 2024 [10]

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Cellebrite DI Ltd. passes the test. Thus, it seems as though Cellebrite DI Ltd. shares could have potential in the weeks and months to come. Earnings were strong last quarter. SPX Technologies, Inc. beat our consensus estimate by 17.92%, and for the current fiscal year, SPXC is expected to post earnings of $5.37 per share on revenue of $2 billion. The Technology Service ...

The stock jumped after the announcement of the launch of Cellebrite Federal Solutions and the acquisition of Cyber Technology Services. The acquisition provides extensive domain expertise in cybersecurity, digital forensics and incident response services. For Cellebrite DI Ltd., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye ...

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]