Cellebrite DI Ltd. (CLBT) Bundle
A Brief History of Cellebrite DI Ltd.
Cellebrite DI Ltd., founded in 1999, initially focused on data extraction and mobile forensics technology. The company is headquartered in Petah Tikva, Israel. Over the years, it evolved from a small start-up into a major player in the digital intelligence space, serving law enforcement and government agencies globally.
In 2018, Cellebrite was acquired by Sun Capital Partners, a private equity firm, for an estimated value of around $100 million. Following the acquisition, Cellebrite began to enhance its product offerings, focusing on providing advanced digital intelligence solutions.
One of the pivotal moments in the company's history came in 2020 when Cellebrite launched its flagship product, the UFED (Universal Forensic Extraction Device), which allows for the extraction and analysis of data from mobile devices. The UFED product line has since become integral to many investigations, offering capabilities that include data decryption and extraction from locked devices.
| Year | Key Events | Financial Milestones |
|---|---|---|
| 1999 | Founded in Petah Tikva, Israel. | N/A |
| 2018 | Acquired by Sun Capital Partners for approximately $100 million. | Estimated revenue at acquisition was $50 million. |
| 2020 | Launch of UFED, enhancing digital intelligence capabilities. | Revenue increased by 25% from previous year. |
| 2021 | Entered initial public offering (IPO) with a valuation of $2 billion. | Annual revenue reached $100 million. |
| 2022 | Expanded software solutions with the launch of Analytics & Cloud services. | Revenue growth of 30% year-over-year. |
In 2021, Cellebrite went public through a SPAC merger with TWC Tech Holdings II Corp., raising approximately $300 million. This move significantly increased its market visibility and provided capital for further innovation and acquisitions.
The company reported revenue of $100 million in 2021, with a gross profit margin of approximately 70%. In 2022, Cellebrite continued its growth trajectory, reporting revenues of about $130 million, driven by increased demand for digital forensics and intelligence solutions.
By 2023, Cellebrite announced expected revenues between $140 million and $150 million, reflecting a strong market presence and continuous innovation within the mobile forensics space.
Today, Cellebrite serves over 6,000 clients in over 150 countries, establishing itself as a leader in digital intelligence and data extraction technologies aimed at public safety and security operations.
A Who Owns Cellebrite DI Ltd.
Cellebrite DI Ltd. operates in the digital intelligence space, primarily providing tools for digital forensics. It is a publicly traded company listed on the NASDAQ under the ticker symbol CLBT. As of October 2023, the company has a market capitalization of approximately $1.1 billion.
The ownership structure of Cellebrite comprises institutional investors, individual shareholders, and insiders. According to the latest available data, institutional ownership stands at around 54.2% of the total outstanding shares. The largest institutional shareholders include:
| Institution | Ownership (%) | Number of Shares |
|---|---|---|
| The Vanguard Group, Inc. | 10.1% | 4,500,000 |
| BlackRock, Inc. | 9.5% | 4,200,000 |
| Invesco Ltd. | 6.8% | 3,000,000 |
| Harris Associates L.P. | 5.2% | 2,300,000 |
| JPMorgan Chase & Co. | 4.3% | 1,900,000 |
In terms of insider ownership, executive officers and directors collectively own approximately 16.4% of the company. Key insiders include:
| Name | Position | Ownership (%) | Number of Shares |
|---|---|---|---|
| Yossi Kuperwasser | CEO | 4.0% | 1,800,000 |
| Rafael Fridman | CTO | 3.5% | 1,600,000 |
| Avner Amram | CFO | 2.4% | 1,100,000 |
The public float of Cellebrite is approximately 29.4 million shares, with an average daily trading volume of around 350,000 shares as of the latest reporting. The stock price has experienced volatility, maintaining a range of $8.00 to $12.00 over the past year.
In the third quarter of 2023, Cellebrite reported revenue of $45 million, representing a year-over-year increase of 15%. The adjusted EBITDA for the same quarter was approximately $15 million, leading to an EBITDA margin of 33%.
Overall, the ownership landscape of Cellebrite DI Ltd. illustrates a blend of institutional confidence and insider commitment, positioning it for future growth within the digital forensics industry.
Cellebrite DI Ltd. Mission Statement
Cellebrite DI Ltd. aims to empower law enforcement and governmental agencies by providing digital intelligence solutions that enhance the investigation process. The company's mission is to facilitate the collection, analysis, and management of digital evidence from various sources while ensuring efficiency and security in the digital investigation lifecycle.
As of the third quarter of 2023, Cellebrite reported a revenue of $133 million, reflecting an increase of 15% year-over-year. The company's gross profit margin stands at 66%, demonstrating its strong operational efficiency.
Cellebrite's market presence spans over 150 countries, with more than 5,000 clients, including government and law enforcement agencies. The company employs approximately 600 people globally.
In 2022, Cellebrite launched its new product, the "Cellebrite Premium," which generated initial sales of $10 million in the first six months, reflecting significant demand for advanced digital intelligence tools. Additionally, the company has invested over $20 million in research and development in the past year to enhance its product line.
| Metric | Value |
|---|---|
| Revenue (Q3 2023) | $133 million |
| Year-over-Year Revenue Growth | 15% |
| Gross Profit Margin | 66% |
| Countries Served | 150 |
| Clients | 5,000+ |
| Total Employees | 600 |
| Investment in R&D (2022) | $20 million |
| Initial Sales of Cellebrite Premium | $10 million (first 6 months) |
The company strongly emphasizes ethical practices in the field of digital investigations. Cellebrite assures compliance with local laws and regulations, ensuring that its technology is used to uphold justice, protect privacy, and maintain the integrity of investigations. This commitment aligns with its core values of trust, accountability, and innovation.
In a recent survey, over 80% of law enforcement agencies reported satisfaction with Cellebrite's services, citing the tool's effectiveness in solving cases and retrieving crucial evidence from digital devices. This customer loyalty is a significant driver of the company's stable growth trajectory.
Looking ahead, Cellebrite plans to expand its offerings through strategic partnerships and acquisitions, targeting an increase in its market share by 25% over the next five years, focusing on emerging markets and advancements in artificial intelligence and machine learning technologies.
How Cellebrite DI Ltd. Works
Cellebrite DI Ltd. specializes in digital intelligence solutions, offering data extraction and analysis tools for law enforcement and other organizations. The company provides services that allow the retrieval, analysis, and management of digital data from a variety of devices, including smartphones, computers, and cloud services.
As of the fiscal year 2022, Cellebrite reported revenues of approximately $146.6 million, reflecting a growth of 20% compared to the previous year. The company’s gross profit was about $111.2 million, leading to a gross margin of approximately 75%.
| Metric | FY 2022 | FY 2021 | Change (%) |
|---|---|---|---|
| Revenue | $146.6 million | $122.0 million | 20% |
| Gross Profit | $111.2 million | $95.0 million | 17% |
| Gross Margin | 75% | 77% | -2% |
| Net Income | $4.3 million | $0.9 million | 377% |
Cellebrite's main offerings include the Universal Forensic Extraction Device (UFED), which supports data extraction from various devices. As of September 2023, Cellebrite has data extraction capabilities for over 30,000 devices from manufacturers like Apple, Android, and others.
The company has a diverse customer base, serving over 8,000 clients in more than 150 countries, with a significant portion of revenue derived from government and law enforcement agencies. For the third quarter of 2023, Cellebrite indicated a contract win rate of approximately 60% in competitive bids.
In terms of investments in research and development, Cellebrite allocated around $18 million in 2022, aiming to enhance existing products and develop new technologies. This represents roughly 12% of total revenues.
The stock performance of Cellebrite shows fluctuations typical of tech stocks. As of October 2023, the share price stood at approximately $8.50, with a market capitalization of about $1 billion. The company's stock has shown a year-to-date increase of 15%.
Looking at financial liquidity, Cellebrite reported cash and cash equivalents of around $48 million as of the last quarter. This positions the company well for future investments and operational expenses.
In summary, Cellebrite DI Ltd. operates in a growth-oriented sector, leveraging its technological expertise to provide critical digital intelligence tools. The company’s strategic focus on R&D and maintaining a strong customer base underscores its competitive positioning in the market.
How Cellebrite DI Ltd. Makes Money
Cellebrite DI Ltd. generates revenue primarily through three main segments: software sales, subscription services, and professional services. The company specializes in digital intelligence solutions for law enforcement, military, and other organizations.
Revenue Breakdown
As of the most recent fiscal year ending December 31, 2022, Cellebrite reported total revenue of $114.4 million, marking a year-over-year increase of 11% from $102.9 million in 2021.
| Revenue Segment | 2022 Revenue (in million $) | 2021 Revenue (in million $) | Year-over-Year Growth (%) |
|---|---|---|---|
| Software Sales | $74.2 | $68.1 | 9% |
| Subscription Services | $25.1 | $20.0 | 25% |
| Professional Services | $15.1 | $14.8 | 2% |
Software Sales
Software sales are the largest portion of Cellebrite's revenue, accounting for approximately 65% of total revenue in 2022. The key offerings include digital forensics and investigative software solutions, which are utilized by various agencies to retrieve, analyze, and manage digital evidence.
The flagship product, Cellebrite UFED, has been instrumental in establishing the company as a leader in the field, with a significant increase in sales due to rising demand for advanced forensic capabilities.
Subscription Services
Subscription services, which provide ongoing access to Cellebrite's software and updates, accounted for 22% of the total revenue in 2022. This segment has seen substantial growth, with a 25% increase in revenue compared to 2021. The shift to a subscription model has allowed for more predictable revenue and closer customer relationships.
Professional Services
Professional services, which include training, consulting, and support, constituted 13% of revenue in 2022. While the growth rate was modest at 2%, these services enhance customer satisfaction and can lead to additional software and subscription sales.
Strategic Partnerships and Acquisitions
Cellebrite has also focused on strategic partnerships and acquisitions to bolster its offerings. In Q3 2022, the company acquired the assets of a rival firm, enhancing their technological capabilities and expanding market share.
Market Trends
The market for digital intelligence solutions is projected to grow significantly. According to recent reports, the global digital forensics market is expected to reach $10.9 billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025. This growth is driven by an increasing need for digital investigations across various sectors.
Cellebrite is well-positioned to capitalize on these trends, given its established reputation, broad product line, and expanding customer base. The ongoing digital transformation and the rise of cybercrime further emphasize the need for advanced forensic tools, marking a favorable landscape for Cellebrite's continued growth.
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