Altair Announces Third Quarter 2019 Financial Results


(1) Adjustment for revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations.

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

  (Unaudited) 
    Three Months ending
December 31, 2019
    Year Ending
December 31, 2019
 
(in thousands)   Low     High     Low     High  
Net loss $(5,350) $(3,350) $(11,400) $(9,400)
Income tax expense  3,200   3,200   10,400   10,400 
Stock-based compensation expense  2,100   2,100   7,700   7,700 
Interest expense  2,800   2,800   6,300    6,300  
Depreciation and amortization     5,400       5,400       21,200       21,200  
Interest income and other non-recurring adjustments     (900 )     (900 )     (200 )     (200 )
Adjusted EBITDA     7,250       9,250       34,000       36,000  
Acquisition related deferred revenue (1)     2,250       2,250       9,000       9,000  
Modified Adjusted EBITDA   $ 9,500     $ 11,500     $ 43,000     $ 45,000  

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