Celebrity It has surpassed analysts’ forecasts as well as the previously updated revenue forecast it delivered in the past, ending 2021 with a 26% growth in revenue to $ 246 million. Celebrity Engaged in retrieving information from electronic devices and analytics of information became a public company in the summer of 2021 when it was merged into SPAC at a value of $ 2.4 billion, but like many technology companies (especially those merged into SPAC) lost much of its value and is currently traded at $ 1.3 billion.
The company posted revenue of $ 67.9 million in the fourth quarter, 19% growth over the same quarter and higher than analysts’ forecasts, and posted a net profit (according to GAAP) of $ 51.9 million, thanks to $ 49.8 million in financial income from revaluation of warrants and related instruments. For the merger of Celebrity with the SPAC company. For the full year, net income was $ 71.4 million.
On a non-GAAP basis, excluding financial income and other accounting items, net income for the quarter was $ 5.2 million, which is 3 cents a share, higher than a cent of analysts’ forecasts. Non-GAAP annual net income was $ 38 million, an increase of 73%. Adjusted EBITDA in 2021 reached $ 47.9 million.
Looking ahead, the company expects revenue of $ 285-300 million in 2022, a growth of 16% -22%, a figure higher than analysts’ forecasts. ARR – Annual recurring revenue, will grow by 34% -42% and reach $ 250-265 million at the end of the year, and the adjusted EBITDA will be $ 39-44 million.
“We reached record revenue for the quarter, closing a strong year with a record in return on revenue (ARR), revenue, and operating profitability, while we continue to successfully implement our strategy, which is to modernize the entire investigation process for our clients,” said Yossi Carmel, Celebrity CEO .