Max Michaels's questions to Cellebrite DI Ltd (CLBT) leadership • Q3 2024
Question
Max Michaels of Lake Street Capital Markets inquired about expectations for adjusted EBITDA margin expansion in 2025 and the reason for the sequential increase in professional services revenue.
Answer
CFO Dana Gerner pointed to the company's long-term model, which targets a 20-25% adjusted EBITDA margin, suggesting performance would remain within that range. She explained that the quarterly increase in professional services revenue was a one-time event due to the early completion of a contract with a specific APAC customer.