Altair Announces Second 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
September 30, 2021
   Year Ending
December 31, 2021
 
(in thousands)  Low   High   Low   High 
Net loss $(22,800) $(20,900) $(31,600) $(26,800)
Income tax expense  3,300   3,400   8,600   8,800 
Stock-based compensation expense  11,700   11,700   43,700   43,700 
Interest expense  3,000   3,000   12,000   12,000 
Depreciation and amortization  6,400   6,400   25,000   25,000 
Restructuring expense  500   500   5,600   5,600 
Special adjustments, interest income and other  (100)  (100)  (300)   (300 )
Adjusted EBITDA   $ 2,000     $ 4,000     $ 63,000     $ 68,000  

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