Cellebrite DI Q3 Non-GAAP Earnings, Revenue Rise; 2024 Revenue Outlook Boosted

MT Newswires Live

Nov 06, 2024

Cellebrite DI (CLBT) reported Q3 Non-GAAP earnings Wednesday of $0.14 per diluted share, up from $0.09 a year earlier.

Analysts polled by Capital IQ expected $0.09.

Total revenue for the quarter ended Sept. 30 was $106.9 million, up from $84.2 million a year earlier.

Analysts surveyed by Capital IQ expected $102.1 million.

The company said it expects Q4 revenue of $105 million to $109 million.

Analysts polled by Capital IQ expect $107 million.

The digital intelligence company said it now expects 2024 revenue of $397 million to $401 million. That compares with its prior outlook of $390 million to $398 million, issued Aug. 15. Analysts surveyed by Capital IQ expect $394.3 million.

Shares of the company were up more than 3% in recent Wednesday premarket activity.

Price: 19.80, Change: +0.65, Percent Change: +3.39

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