Cellebrite DI Third Quarter 2023 Earnings: Beats Expectations

Cellebrite DI (NASDAQ:CLBT) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$80.0m (up 12% from 3Q 2022).
• Net income: US$6.50m (down 74% from 3Q 2022).
• Profit margin: 8.1% (down from 35% in 3Q 2022). The decrease in margin was driven by higher expenses.
• EPS: US$0.034 (down from US$0.14 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cellebrite DI Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 9.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Cellebrite DI that we have uncovered.

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