Cellebrite (CLBT) Jumps 20.7% on Stellar Q3

In an updated report, Cellebrite DI Ltd. (NASDAQ:CLBT) said it swung to a net income of $20.19 million from a $207 million net loss in the same period last year. Revenues hit the higher end of its previous guidance, jumping 17.7 percent to $126 million from $107 million year-on-year.

Adjusted EBITDA also grew by 20 percent to $37.7 million from $31.3 million year-on-year.

“We exceeded the high end of our prior adjusted EBITDA guidance with revenue at the high end of expectations and ARR at the midpoint. Our execution reflects the resilience, operating leverage and importance of our solutions to public safety around the globe,” said Cellebrite DI Ltd. (NASDAQ:CLBT) CEO Thomas Hogan.

“We remain enthusiastic about our prospects for renewed growth in this sector in 2026 as budgeting begins to flow, the government reopens, and as we achieve full cloud authorization through our sponsorship with the Department of Justice. Beyond our US Federal business, we are similarly optimistic about the pending expansion of our portfolio driven through a powerful combination of organic product development, partnerships and the close of our Corellium acquisition later this quarter,” he added.

For the full-year period, revenues are expected to grow between 17 to 18 percent to a range of $470 million to $475 million, while adjusted EBITDA is targeted to jump by 26 to 27 percent to $124 million to $127 million.

Copyright: kentoh / 123RF Stock Photo

For the fourth quarter alone, revenues are pegged at $123 million to $128 million, or an implied growth of 13 to 17 percent year-on-year.

Adjusted EBITDA is expected to end at $35 million to $38 million, or a growth of 28 to 30 percent.

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Disclosure: None. This article is originally published at Insider Monkey.