Cellebrite DI Ltd.

Welcome to the Celebrite Second Quarter 2025 Financial Results Conference Call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for your questions following the presentation. If at any point you would like to ask a question at that time, please press star 1 on your telephone keypad. If at any point your question has been answered, you may remove yourself from the queue by pressing star 2 so others can hear your questions clearly we ask that you pick up your handset for best sound quality. Lastly, if you should require operator assistance, please press star zero. I would now like to turn the call over to your first speaker today, Mr. Andrew Kramer. Mr. Kramer, the floor is yours.

Thank you very much, Angela. Good morning, everybody. Welcome to Celebrate Second Quarter 2025 Financial Results Conference Call. I'm joined here today at our U.S. headquarters outside of Washington, D.C., Our primary speakers on the call will be Tom Hogan, Celebrite's CEO, and David Barter, Celebrite's CFO. Also with us in the room are Dana Kerner, our former CFO, and Marcus Jewell, our CRO. Joining us remotely will be Adam Klammer, Celebrite's Chairman of the Board. We'll also have some remarks for today. This call is being recorded, and a replay of the recording will be made available on our website shortly after the call. and eventually we will post a copy of our prepared remarks. Please note that a copy of today's press release and financial statements, including gap to non-gap reconciliations, is available on the Investor Relations website at investors.celebrite.com. In addition to the press release, we've also posted an investor presentation that provides a detailed overview of our business and recent financial performance, along with publishing the quarterly financial tables and supplemental historical financial information for each quarter for the past year. three years, it's available on our investor relations website. Also, unless stated otherwise, our discussion of our second quarter 2025 financial metrics, as well as the financial metrics provided in our outlook, will be done on a non-GAAP basis only. And all historical comparisons are with the second quarter of 2024. In addition, please note that statements made on this call that are not statements of historical facts constitute forward-looking statements. All forward-looking statements are subject to risks and uncertainties and other factors that could cause matters expressed or implied by those forward-looking statements not to occur. They could also cause actual results to differ materially from historical results and or from forecasts. Some of these forward-looking statements are discussed under the heading Risk Factors and elsewhere in the company's annual report on Form 20F filed with the SEC on March 18, 2025. The company does not undertake to update any forward-looking statements to reflect future events or circumstances. In terms of today's agenda, Adam Klammer will share his thoughts on our CEO announcement. Tom will then provide a brief review of our quarterly performance, discuss key strategic achievements and milestones, and offer his perspective on market conditions and the outlook for 2025. Donna Gerner will offer some brief parting thoughts before she retires. and Dave Barter will review the quarterly results and cover our outlook in more detail. And with that said, I'll now turn the call over to Adam Klammer. Adam, to you.

Thank you, Andy. It's a pleasure to be on today's call to briefly share the board's perspective on the appointment of Tom Hogan as Celebrite's CEO. Tom has long been the preferred choice of our board to serve as CEO. Given his vast technology experience, his intense focus on strategy and intimacy with Celebrite's executive team, workforce, and customers gained over the last two years. Since joining Celebrite as executive chairman in August of 2023 and continuing through his service as interim CEO over the past eight months, Tom has played an important active role in every major initiative that has helped drive substantial value creation. His passion for Celebrite is tangible and infectious. As Celebrite's chair and the managing partner of one of the company's largest shareholders, I could not be happier. Given that backdrop, you're likely wondering why it took so long for this appointment to occur. In the summer of 2024, Tom was diagnosed with stage four non-Hodgkin's lymphoma that precluded his ability to commit to serving as Celebrite's CEO when the company announced its succession plans in mid-November of 2024. At the time of Yossi's departure, Tom was on the back end of six months of chemotherapy at MD Anderson. He finished up his final treatments in December, with his cancer fortunately in complete remission. It was the board's strong desire and preference to retain Tom as the full-time CEO, given the performance of the company since his arrival. I would remind the shareholders that despite the pullback in the stock price this year, Celebrite's value has more than doubled since Tom joined as executive chairman, mentoring Yossi and working closely with the team. Tom was willing and able to step in as interim CEO on January 1st, but given the rigorous demands of a global CEO role, he wanted time to fully recover and confirm his ability to run at 120% and provide the leadership this company deserves. Given that backdrop, our board executed a thorough external search that yielded a number of very qualified candidates. This is a fabulous company and the position attracted substantial interest. We had multiple highly qualified prior public CEO experience candidates that wanted this position and we were prepared to go down that path if necessary. Fortunately, Tom's cancer has remained in full remission. As he has steadily regained his energy and stamina, we were thrilled when Tom raised his hand. to remove the interim designation, which made our choice very easy. The board is unanimous in its conviction that Tom is the right individual to lead Celebrite, providing valuable continuity for the company, its people, shareholders, and customers. Celebrite's future is incredibly bright. Despite the near-term uncertainty with U.S. federal spending, this company is making an impact with customers while delivering durable, profitable growth and outstanding free cash flow. Myself and the board have confidence in the strategic initiatives already underway, some of which Tom and Dave will discuss today, and those that will be further developed and executed on over the coming quarters. It will elevate the company's value with customers and lead to a stronger Celebrite. Tom's appointment as CEO is a great outcome for Celebrite, the shareholders, its people, and its customers. That concludes my comments, and I will now hand the call over to Tom.