Altair Announces First Quarter 2021 Financial Results

The following table provides a reconciliation of projected Adjusted EBITDA to projected net loss, the most comparable GAAP financial measure:

  (Unaudited) 
   Three Months Ending
June 30, 2021
   Year Ending
December 31, 2021
 
(in thousands)  Low   High   Low   High 
Net loss $(23,700) $(21,800) $(37,600) $(29,800)
Income tax expense  3,200   3,300   10,400   10,600 
Stock-based compensation expense  11,100   11,100   44,200   44,200 
Interest expense  3,000   3,000   12,000   12,000 
Depreciation and amortization  6,500   6,500   24,900   24,900 
Restructuring expense  2,000   2,000   5,300   5,300 
Special adjustments, interest income and other  (100)  (100)  (200 )     (200 )
Adjusted EBITDA   $ 2,000     $ 4,000     $ 59,000     $ 67,000  

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