Altair Announces Fourth Quarter 2020 Financial Results

For comparability purposes, the following table provides a reconciliation of the Quarterly Non-GAAP net income results for 2020 to GAAP net income (loss) for 2020, reflecting the 2021 definition:

 (Unaudited) 
  Three Months Ended 
(in thousands) March 31,
2020
   June 30,
2020
   Sept 30,
2020
   December 31,
2020
 
Net income (loss)$6,030  $(10,223) $(8,505) $2,198 
Stock-based compensation expense 3,171   4,534   6,234   7,416 
Amortization of intangible assets 3,840   3,692   3,858   4,986 
Non-cash interest expense 2,648   2,689   2,725   2,762 
Special adjustments and other    578   (950)   
Impact of non-GAAP tax rate (637)  1,718   1,294   (2,900)
Non-GAAP net income$15,052  $2,988  $4,656  $ 14,462  
                               

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