Altair Announces Fourth Quarter and Full Year 2022 Financial Results

The following table provides a reconciliation of projected Non-GAAP net income to projected net (loss) income, the most comparable GAAP financial measure:

  (Unaudited) 
   Three Months Ending
March 31, 2023
   Year Ending
December 31, 2023
 
(in thousands)  Low   High   Low   High 
Net (loss) income $(400) $1,500  $(16,400) $(6,700)
Stock-based compensation expense  20,700   20,700   82,800   82,800 
Amortization of intangible assets  7,700   7,700   30,100   30,100 
Non-cash interest expense  400   400   1,800   1,800 
Impact of non-GAAP tax rate  (4,200)    (4,600 )     (12,900 )     (15,200 )
Non-GAAP net income   $ 24,200     $ 25,700     $ 85,400     $ 92,800  
                                 

The following table provides a reconciliation of projected Adjusted EBITDA to projected net (loss) income, the most comparable GAAP financial measure:

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