Altair Announces Fourth Quarter and Full Year 2018 Financial Results
| The following table presents the effect of the adoption of ASC 606 on the consolidated statement of operations (in thousands): | | | | | | | | | | | | | | | | | | | | | |
Three Months Ended
December 31, | |
Twelve Months Ended
December 31, | |
(in thousands, except per share data) | |
As Reported 606 | |
Adjustments for ASC 606 | |
ASC 605 | |
As Reported 606 | |
Adjustments for ASC 606 | |
ASC 605 | | Revenue | | | | | | | | | | | | | | Software | | $ | 79,903 | | $ | 883 | | $ | 80,786 | | $ | 304,361 | | $ | (11,317) | | $ | 293,044 | | Total software | | 89,976 | | 883 | | 90,859 | | 341,306 | | (11,317) | | 329,989 | | Total revenue | | 103,011 | | 883 | | 103,894 | | 396,379 | | (11,317) | | 385,062 | | Gross profit | | 72,740 | | 883 | | 73,623 | | 280,406 | | (11,317) | | 269,089 | | Operating expenses: | | | | | | | | | | | | | | Sales and marketing* | | 22,427 | | (249) | | 22,178 | | 80,277 | | 336 | | 80,613 | | Total operating expenses | | 76,297 | | (249) | | 76,048 | | 255,762 | | 336 | | 256,098 | | Operating income (loss) | | (3,557) | | 1,132 | | (2,425) | | 24,644 | | (11,653) | | 12,991 | | Income (loss) before income taxes | | (3,131) | | 1,132 | | (1,999) | | 27,024 | | (11,653) | | 15,371 | | Income tax expense | | 7,692 | | 151 | | 7,843 | | 13,309 | | (837) | | 12,472 | | Net income (loss) | | $ | (10,823) | | $ | 981 | | $ | (9,842) | | $ | 13,715 | | $ | (10,816) | | $ | 2,899 | | Income (loss) per share: | | | | | | | | | | | | | | Net income (loss) per share attributable to common stockholders, basic | | (0.15) | | 0.01 | | (0.14) | | 0.20 | | (0.16) | | 0.04 | | Net income (loss) per share attributable to common stockholders, diluted | | (0.15) | | 0.01 | | (0.14) | | 0.18 | | (0.14) | | 0.04 |
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