Altair Announces Fourth Quarter and Full Year 2023 Financial Results


* Amounts include stock-based compensation expense as follows (in thousands):

 (Unaudited) 
  Three Months Ended
December 31,
   Year Ended
December 31,
 
(in thousands) 2023   2022   2023   2022 
Cost of revenue – software$2,303  $2,086  $10,095  $8,351 
Research and development 7,332   9,670   33,842   36,250 
Sales and marketing 6,271   7,865   28,376   30,370 
General and administrative 3,252   2,642   13,268   9,816 
Total stock-based compensation expense$19,158  $22,263  $85,581  $84,787 


 (Unaudited) 
  Three Months Ended
December 31,
   Year Ended
December 31,
 
(in thousands) 2023     2022     2023     2022  
Employee stock-based compensation plans $ 16,688     $ 15,933     $ 73,548     $ 59,555  
Post combination expense in connection with acquisitions   2,470       6,330       12,033       25,232  
Total stock-based compensation expense $ 19,158     $ 22,263     $ 85,581     $ 84,787  



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