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*** Cellebrite Cellebrite Announces Third Quarter 2021 Results Revenue of $ 65.9 million , up 24 % year - over - year ; Ups revenue guidance for full year 2021 GAAP net income of $ 8.1 million ; Adjusted EBITDA of $ 15.0 million , 22.8 % Adjusted EBITDA margin ; Ups adjusted EBITDA guidance for full year 2021 PETAH TIKVA , ISRAEL , November 10 , 2021 - Cellebrite ( Nasdaq : CLBT ) , a global leader in Digital Intelligence ( " DI " ) solutions for the public and private sectors , today announced financial results for the three months ended September 30 , 2021 . " In our first quarterly reporting since becoming a public company , we are pleased to deliver significant progress on our strategic initiatives together with strong financial results , " said Yossi Carmil , Cellebrite's CEO . “ Our customers remain committed to leveraging our digital intelligence platform , as reflected in our strong revenue and ARR growth and our high retention rate . We have continued to expand our portfolio both through organic innovation and the acquisition of Digital Clues . Our commitment to increasing the breadth and scope of our offerings will help drive new customer adoption and enable our existing customers to apply their digital transformation initiatives throughout the investigative workflow , providing us with a tremendous market opportunity . " Third Quarter Financial Highlights • Revenue of $ 65.9 million , up 24 % year - over - year , of which Subscription revenue of $ 51.3 million , up 46 % year - over - year • Annual Recurring Revenue ( ARR ) of $ 171 million , up 42 % year - over - year • Recurring revenue dollar - based net retention rate of 139 % • Gross profit and gross margin of $ 53.9 million and 81.9 % , respectively • GAAP net income of $ 8.1 million ; Non - GAAP net income of $ 13.3 million • Adjusted EBITDA and Adjusted EBITDA margin of $ 15.0 million and 22.8 % , respectively Third Quarter and Recent Digital Intelligence Highlights • Closed 25 deals above $ 500,000 , including the largest deal in the Company's history , with a federal customer in North America , of approximately $ 10 million in revenue . Introduced a new SaaS solution : Guardian , a comprehensive investigative digital evidence management system ( DEMS ) designed to transform evidence and workflow management throughout the entire investigative process . • Launched Premium Enterprise , boosting productivity and accelerating time to evidence by decentralizing advanced collection capabilities . • Executing on its M & A strategy , signed a definitive agreement to acquire the assets of open - source intelligence company Digital Clues , strengthening Cellebrite's market - leading Digital Intelligence platform and reinforcing its position as the premier end - to - end technology partner for law enforcement agencies . • Pioneered industry's first remote mobile device data collection solution addressing private sector growing needs in corporate investigations , e - discovery , and incident response .