Altair Announces Second Quarter 2023 Financial Results

The following table provides a reconciliation of Non-GAAP operating expense to Total operating expense, the most comparable GAAP financial measure:

 (Unaudited) 
  Three Months Ended
June 30,
   Six Months Ended
June 30,
 
(in thousands) 2023   2022   2023   2022 
Total operating expense$126,633  $110,401  $254,746  $217,868 
Stock-based compensation expense (21,164)  (19,170)  (40,573)  (35,881)
Amortization (7,625)  (6,208)  (15,439)  (12,111)
(Loss) gain on mark-to-market adjustment of contingent consideration (981)  5,304   (7,987)  5,304 
Non-GAAP operating expense$96,863  $90,327  $190,747  $175,180 

The following table provides a reconciliation of Billings to revenue, the most comparable GAAP financial measure:

 (Unaudited) 
  Three Months Ended June 30,   Six Months Ended June 30, 
(in thousands) 2023   2022     2023     2022  
Revenue $ 141,161     $ 132,656     $ 307,195     $ 292,437  
Ending deferred revenue   148,547       112,926       148,547       112,926  
Beginning deferred revenue   (141,943 )     (118,403 )     (144,460 )     (106,032 )
Deferred revenue acquired         (1,756 )           (2,572 )
Billings $ 147,765     $ 125,423     $ 311,282     $ 296,759  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »
Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Editorial
by Sanjay Gangal
MCADCafe Industry Predictions for 2025 – ProShop
Sanjay GangalMCADCafe Editorial
by Sanjay Gangal
MCADCafe Industry Predictions for 2025 – ModuleWorks
Jobs
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
Collaborate North America 2025 at Novi MI - Jan 28, 2025
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025



© 2025 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise