Altair Announces Fourth Quarter and Full Year 2021 Financial Results

ALTAIR ENGINEERING INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

   For the Three Months Ended
December 31,
   For the Year Ended
December 31,
 
(in thousands, except per share data)  2021   2020   2021   2020 
Revenue                
License $94,178  $76,381  $324,808  $259,965 
Maintenance and other services  28,180   37,244   128,938   131,746 
Total software  122,358   113,625   453,746   391,711 
Software related services  8,594   7,906   31,823   26,454 
Total software and related services  130,952   121,531   485,569    418,165  
Client engineering services     8,277       9,934       39,282       44,320  
Other     1,568       1,976       7,328       7,436  
Total revenue     140,797       133,441       532,179       469,921  
Cost of revenue                                
License     6,223       6,786       19,929       19,637  
Maintenance and other services     12,494       10,105       47,862       38,688  
Total software *     18,717       16,891       67,791       58,325  
Software related services     5,645       6,102       23,205       21,243  
Total software and related services     24,362       22,993       90,996       79,568  
Client engineering services     6,547       8,067       31,710       35,684  
Other     1,888       1,631       6,960       6,053  
Total cost of revenue     32,797       32,691       129,666       121,305  
Gross profit     108,000       100,750       402,513       348,616  
Operating expenses:                                
Research and development *     38,177       34,966       151,049       126,081  
Sales and marketing *     38,182       30,537       132,750       111,440  
General and administrative *     23,517       22,933       91,500       86,432  
Amortization of intangible assets     4,433       4,986       18,357       16,376  
Other operating (income) loss, net     (956 )     5       (3,482 )     (3,426 )
Total operating expenses     103,353       93,427       390,174       336,903  
Operating income     4,647       7,323       12,339       11,713  
Interest expense     3,067       3,008       12,065       11,598  
Other (income) loss, net     (1,105 )     (65 )     562       (1,917 )
Income (loss) before income taxes     2,685       4,380       (288 )     2,032  
Income tax expense     4,082       2,182       8,506       12,532  
Net (loss) income   $ (1,397 )   $ 2,198     $ (8,794 )   $ (10,500 )
(Loss) income per share:                                
Net (loss) income per share attributable to common stockholders, basic   $ (0.02 )   $ 0.03     $ (0.12 )   $ (0.14 )
Net (loss) income per share attributable to common stockholders, diluted   $ (0.02 )   $ 0.03     $ (0.12 )   $ (0.14 )
Weighted average shares outstanding:                                
Weighted average number of shares used in computing net (loss) income per share, basic     79,008       74,020       76,179       73,241  
Weighted average number of shares used in computing net (loss) income per share, diluted     79,008       78,484       76,179       73,241  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise