Altair Announces Third Quarter 2022 Financial Results

The following table provides a reconciliation of Non-GAAP operating expense to Total operating expense, the most comparable GAAP financial measure:

  (Unaudited) 
   Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
(in thousands)  2022   2021   2022   2021 
Total operating expense $116,438  $91,732  $334,306  $286,821 
Stock-based compensation expense  (20,378)  (9,522)  (56,259)  (27,438)
Amortization  (6,571)  (4,432)  (18,682)  (13,924)
Gain on mark-to-market adjustment of contingent consideration  2,178      7,482    
Restructuring expense     114      (4,028)
Non-GAAP operating expense $91,667  $ 77,892     $ 266,847     $ 241,431  

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