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Cellebrite's Q2 Adjusted Earnings, Revenue Increase; 2024 Outlook Raised
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Cellebrite's Q2 Adjusted Earnings, Revenue Increase; 2024 Outlook Raised
Aug 15, 2024 5:10 AM

07:41 AM EDT, 08/15/2024 (MT Newswires) -- Cellebrite DI ( CLBT ) reported Q2 adjusted earnings Thursday of $0.10 per diluted share, up from $0.05 a year earlier.

Analysts surveyed by Capital IQ expected $0.05.

Revenue for the quarter ended June 30 was $95.7 million, compared with $76.7 million a year earlier.

Analysts polled by Capital IQ expected $91.9 million.

The company expects Q3 revenue of $100 million to $104 million. Analysts polled by Capital IQ expect $95.2 million.

For 2024, the company raised its full-year revenue outlook to be $390 million to $398 million from the prior range of $370 million to $380 million. Analysts polled by Capital IQ expect $377.9 million.

Shares of Cellebrite rose more than 7% in recent premarket activity Thursday.

Price: 15.03, Change: +1.09, Percent Change: +7.82

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