$Cellebrite (CLBT.US)$It is an American company that went pu...

Revenue has grown rapidly in the past two years, reaching a growth rate of 26.3% in 2021, while operating profit increased 50% to 13.82 million in 2021. Net profit increased to 71.4 million due to huge interest income, which is very puzzling.

Revenue increased 10.3% in the first three quarters of 2022, and operating profit went into a state of loss due to a sharp increase in costs and expenses. The huge financial revenue of 120 million yuan once again increased net profit to 113 million.

The balance sheet shows that the company's total assets are only 350 million. Where did the huge financial income (financial income) come from? There was no explanation in the quarterly report, and when I looked at the annual report again, I didn't understand it; it seemed to have something to do with the warrant.

No matter how you look at it, the market is not very well approved. Currently, the price-earnings ratio is 11 and the price-earnings ratio is TTM 6. It is completely impossible to assess whether the valuation is reasonable. Let's wait and see for the time being.