Altair Announces Second Quarter 2019 Financial Results

Financial Results

The following table provides a reconciliation of Non-GAAP net income and Non-GAAP diluted income per share to net (loss) income and (loss) income per share – diluted, the most comparable GAAP financial measures:

  (Unaudited) 
    Three Months Ended June 30,     Six Months Ended June 30,  
(in thousands, except per share amounts)   2019     2018     2019     2018  
Net (loss) income $(3,120) $(1,080) $9,899  $23,604 
Stock-based compensation expense  2,080   434   3,292   650 
Amortization of intangible assets  3,600   1,986   7,128   3,926 
Acquisition related deferred revenue (1)  2,250      4,500    
Special adjustments (2)  776   929   1,004   (223)
Income tax effect of non-GAAP adjustments  (1,057)  (124)  (1,827)  (199)
Non-GAAP net income  $ 4,529     $ 2,145     $ 23,996     $ 27,758  
                                 
(Loss) income per share - diluted   $ (0.04 )   $ (0.02 )   $ 0.13     $ 0.32  
Non-GAAP income per share - diluted   $ 0.06     $ 0.03     $ 0.31     $ 0.36  
                                 
GAAP diluted shares outstanding:     71,373       65,580       77,017       72,881  
Non-GAAP diluted shares outstanding:     77,700       77,000       77,700       77,000  

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