Altair Announces Fourth Quarter 2020 Financial Results

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

 (Unaudited) 
  Three Months Ending
March 31, 2021
   Year Ending
December 31, 2021
 
(in thousands) Low   High   Low   High 
Net loss$(5,400) $(4,500) $(44,000) $(38,300)
Income tax expense 4,300   4,400   15,200   15,500 
Stock-based compensation expense 11,900   11,900   44,500   44,500 
Interest expense 2,900   2,900   12,000   12,000 
Depreciation and amortization 6,300   6,300   25,400   25,400 
Special adjustments, interest income and other 4,000   5,000   4,900   6,900 
Adjusted EBITDA$24,000  $26,000  $ 58,000     $ 66,000  

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