Cellebrite (CLBT) Jumps 20.7% on Stellar Q3

Core Insights - Cellebrite DI Ltd. (NASDAQ:CLBT) experienced a significant stock increase of 20.73% on Thursday, closing at $19.28, driven by strong earnings performance in Q3 [1][6] Financial Performance - The company reported a net income of $20.19 million, a turnaround from a net loss of $207 million in the same period last year [2] - Revenues reached $126 million, marking a 17.7% increase from $107 million year-on-year, hitting the higher end of previous guidance [2] - Adjusted EBITDA grew by 20% to $37.7 million from $31.3 million year-on-year [2] Management Commentary - CEO Thomas Hogan highlighted that the company exceeded the high end of its prior adjusted EBITDA guidance, with revenue at the high end of expectations, reflecting resilience and the importance of its solutions for public safety globally [3] - Hogan expressed optimism for renewed growth in the sector by 2026, citing factors such as government budget flows and full cloud authorization through a partnership with the Department of Justice [4] Future Outlook - For the full year, revenues are projected to grow between 17% to 18%, reaching $470 million to $475 million, while adjusted EBITDA is expected to increase by 26% to 27%, targeting $124 million to $127 million [5] - In Q4, revenues are estimated to be between $123 million to $128 million, implying a year-on-year growth of 13% to 17%, with adjusted EBITDA expected to be between $35 million to $38 million, reflecting a growth of 28% to 30% [6]