Cellebrite Announces Second-Quarter 2023 Results

Cellebrite Announces Second-Quarter 2023 Results

Revenues of $76.7 million, 23% year-over-year increase primarily due to 35% growth in subscription revenue;
ARR of $273.7 million, up 28% year-over-year;
Adjusted EBITDA of $11.1 million, 14.5% Adjusted EBITDA margin;
Company increases 2023 outlook for revenue, ARR and adjusted EBITDA
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 08, 2023 (GLOBE NEWSWIRE) — Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence (“DI”) solutions for the public and private sectors, today announced financial results for the three and six months ending June 30, 2023.
“We delivered an excellent second-quarter performance on all fronts,” said Yossi Carmil, Cellebrite’s CEO. “Overall, our market is healthy, our customer relationships remain strong, and our investment in powerful, customer-driven innovation and go-to-market activities enabled us to continue winning. Our second-quarter 2023 revenue growth demonstrates our ongoing success in expanding the scope of our relationships

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