Altair Announces Third Quarter 2023 Financial Results


* Amounts include stock-based compensation expense as follows (in thousands):

 (Unaudited) 
  Three Months Ended
September 30,
   Nine Months Ended
September 30,
 
(in thousands) 2023   2022   2023   2022 
Cost of revenue – software$2,468  $2,332  $7,792  $6,265 
Research and development 7,824   10,243   26,510   26,580 
Sales and marketing 6,933   7,806   22,105   22,505 
General and administrative 3,301   2,329   10,016   7,174 
Total stock-based compensation expense$20,526  $22,710  $66,423  $62,524 


 (Unaudited) 
  Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
(in thousands) 2023     2022     2023     2022  
Employee stock-based compensation plans $ 19,187     $ 15,490     $ 56,860     $ 43,622  
Post combination expense in connection with acquisitions   1,339       7,220       9,563       18,902  
Total stock-based compensation expense $ 20,526     $ 22,710     $ 66,423     $ 62,524  



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