Altair Announces Fourth Quarter and Full Year 2021 Financial Results

The following table provides a reconciliation of projected Free Cash Flow to projected net cash provided by operating activities, the most comparable GAAP financial measure:

      (Unaudited) 
     Year Ending
December 31, 2022
 
(in thousands)      Low   High 
Net cash provided by operating activities (1)     $12,200  $19,200 
Capital expenditures      (7,200)  (7,200)
Free Cash Flow (1)     $5,000  $12,000 

(1)   Includes $65.9 million payment in January 2022 for legal judgement acquired in December 2021.


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