Cellebrite Di Intrinsic Stock Value – CELLEBRITE DI Reports Record Earnings for Fourth Quarter of FY2022
March 19, 2023
Earnings Overview
CELLEBRITE DI ($NASDAQ:CLBT) announced their fourth quarter earnings results for FY2022 on December 31 2022, revealing total revenue of USD 7.1 million, a decrease of 86.4% year-over-year. Net income was reported at USD 74.0 million, showing an increase of 9.0% from the prior year.
Transcripts Simplified
CELLEBRITE DI reported total revenue for the fourth quarter of $74 million, an increase of 9% year over year. Subscription services revenue grew 24%, driven by the transition from traditional perpetual licensing to subscription models. Gross margins rose to 84% and non-GAAP operating expenses were $47.8 million.
Adjusted EBITDA in the quarter was $16.1 million, resulting in non-GAAP net income of $15.3 million and non-GAAP fully diluted earnings per share of $0.08. Cash from operations in the fourth quarter was $36 million.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cellebrite Di. More…
| Total Revenues | Net Income | Net Margin |
| 270.65 | 120.81 | 44.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cellebrite Di. More…
| Operations | Investing | Financing |
| 20.58 | -91.23 | 13.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cellebrite Di. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 403.29 | 329.43 | 0.13 |
Key Ratios Snapshot
Some of the financial key ratios for Cellebrite Di are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.3% | – | 0.4% |
| FCF Margin | ROE | ROA |
| 4.2% | 1.0% | 0.2% |
Share Price
The opening price of the stock on Wednesday morning was $5.5, and by the time of the closing bell it had risen to $5.9 – a 13.9% increase from the prior closing price of $5.2. The sharp increase in their stock price was due to the company’s successful financial performance during the fourth quarter of this fiscal year. The record earnings were driven by a variety of factors, including strong sales of CELLEBRITE DI‘s digital investigation solutions and a strong focus on innovation.
In addition, the company’s investments in research and development have allowed them to consistently launch new products and services that appeal to their customers. Moving forward, investors are expecting continued growth in the company’s revenues and profits. Live Quote…
Analysis – Cellebrite Di Intrinsic Stock Value
At GoodWhale, we have conducted an in-depth analysis of CELLEBRITE DI’s well-being. Using our proprietary Valuation Line, we have calculated the fair value of CELLEBRITE DI to be around $6.5. In the current market, CELLEBRITE DI stock is traded at $5.9 – meaning that it is undervalued by 8.6%. This presents a great opportunity for investors to get a good deal on CELLEBRITE DI shares. More…
Peers
The mobile phone forensics market is expected to grow from USD 1.71 billion in 2019 to USD 2.34 billion by 2024, at a CAGR of 6.1% during the forecast period. The major players operating in this market are Cellebrite DI Ltd (Israel), Flect Co Ltd (Japan), Qing Cloud Technologies Corp (China), Gofore PLC (Finland), among others.
– Flect Co Ltd ($TSE:4414)
Flect Co Ltd is a leading provider of information technology services. It has a market cap of 6.36B as of 2022 and a return on equity of 19.11%. The company offers a wide range of services including cloud computing, big data, enterprise software, and more. It has a strong presence in the Asia-Pacific region and is expanding its operations globally.
– Qing Cloud Technologies Corp ($SHSE:688316)
Qing Cloud Technologies Corp is a Chinese cloud computing company with a market cap of 1.42B as of 2022. The company has a Return on Equity of -37.3%. Qing Cloud Technologies Corp provides cloud computing services to businesses and government organizations. The company offers public cloud, private cloud, and hybrid cloud solutions.
– Gofore PLC ($LTS:0CXS)
Gofore Plc is a Finnish consulting company that offers digitalization, enterprise resource planning, and customer relationship management services. Its customers are large and medium-sized organizations in both the private and public sectors. Gofore has a market cap of 332.62M as of 2022 and a Return on Equity of 14.21%. The company has been growing rapidly and has been profitable for many years.
Summary
CELLEBRITE DI recently reported their fourth quarter financial results for FY2022, showing a decrease in total revenue of 86.4% compared to the same period last year. Despite this significant decrease, net income reported an increase of 9.0%. This news resulted in a positive reaction from the stock market with the stock price moving up accordingly. It is clear that investors are encouraged by the reported increase in net income, despite the decrease in overall revenue. For those interested in investing in CELLEBRITE DI, this could be a favorable time to enter the market.
However, investors should be aware of the risk associated with such an investment, as the decreased revenue could be indicative of further volatility in the future.
