Altair Announces Third Quarter 2019 Financial Results

The following table provides a reconciliation of Non-GAAP net (loss) income and Non-GAAP net (loss) income per share - diluted to net (loss) income and net (loss) income per share – diluted, the most comparable GAAP financial measures:

  (Unaudited) 
    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
(in thousands, except per share amounts)   2019     2018     2019     2018  
Net (loss) income $(15,939) $934  $(6,040) $24,538 
Stock-based compensation expense  2,292   563   5,584   1,213 
Amortization of intangible assets  3,545   1,739   10,673   5,665 
Acquisition related deferred revenue (1)  2,250      6,750    
Special adjustments (2)     1,027       (4,177 )     2,031       (4,400 )
Income tax effect of non-GAAP adjustments     (368 )     (459 )     (1,103 )     (658 )
Non-GAAP net (loss) income   $ (7,193 )   $ (1,400 )   $ 17,895     $ 26,358  
                                 
Net (loss) income per share - diluted   $ (0.22 )   $ 0.01     $ (0.08 )   $ 0.33  
Non-GAAP net (loss) income per share - diluted   $ (0.09 )   $ (0.02 )   $ 0.23     $ 0.34  
                                 
GAAP diluted shares outstanding:     71,770       76,709       71,313       74,182  
Non-GAAP diluted shares outstanding:     77,800       77,000       77,800       77,000  

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