Altair Announces Third Quarter 2022 Financial Results

Business Outlook
The following table provides a reconciliation of projected Non-GAAP net income to projected net loss, the most comparable GAAP financial measure:

  (Unaudited) 
   Three Months Ending
December 31, 2022
   Year Ending
December 31, 2022
 
(in thousands)  Low   High   Low   High 
Net loss $(15,000) $(12,100) $(70,300) $(67,400)
Stock-based compensation expense  21,600   21,600   84,100   84,100 
Amortization of intangible assets  10,100   10,100   28,800   28,800 
Non-cash interest expense  400   400   1,800   1,800 
Impact of non-GAAP tax rate  (1,600)  (2,200)  (3,500)  (4,200)
Special adjustments and other(1)            22,900       22,900  
Non-GAAP net income   $ 15,500     $ 17,800     $ 63,800     $ 66,000  

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