Altair Announces First Quarter 2022 Financial Results

(1)  Year ending December 31, 2022, includes $1.5 million currency losses on acquisition-related intercompany loans.


The following table provides a reconciliation of projected Free Cash Flow to projected net cash provided by operating activities, the most comparable GAAP financial measure:

      (Unaudited) 
     Year Ending
December 31, 2022
 
(in thousands)      Low   High 
Net cash provided by operating activities (1)     $17,600  $24,600 
Capital expenditures      (7,600)  (7,600)
Free cash flow (1)     $10,000  $17,000 

(1)  Includes $65.9 million payment in January 2022 for legal judgement acquired in December 2021.


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