Altair Earnings Reports

Altair's Q4 2024 revenue grew by 12.3% year-over-year, driven by software sales. However, net income declined sharply to $1.0 million from $19.7 million a year ago. Non-GAAP earnings improved, reflecting strong operational adjustments. The company is in the process of being acquired by Siemens.

Altair reported a strong third quarter with a 13.0% increase in total revenue to $151.5 million and a significant improvement in net income to $1.8 million, compared to a net loss of $(4.4) million in the same quarter last year. Adjusted EBITDA increased by 66.3% to $25.7 million. The company is being acquired by Siemens.

Altair reported strong Q2 2024 financial results, with software and total revenue exceeding guidance. Total revenue increased by 5.4% to $148.8 million, and software revenue grew by 8.1% to $135.4 million. The company reported a net loss of $(5.1) million, but non-GAAP net income rose by 12.1% to $14.8 million.

Altair reported record-high quarterly software and total revenue, exceeding expectations due to the strength of its product portfolio and growth across all major geographies and verticals.

Altair reported a strong fourth quarter, achieving record-high revenue and profit. The company's adjusted EBITDA margin surpassed the 20% target established three years ago.

Altair reported strong Q3 2023 results, with software product revenue increasing by 14.8% year-over-year and total revenue increasing by 12.3%. The company's net loss decreased significantly, and non-GAAP net income saw a substantial increase.

Altair reported a strong second quarter in 2023, with both software product revenue and total revenue surpassing the high end of the company's guidance. The company's performance was fueled by growth in aerospace, defense, technology, and automotive sectors.

Altair reported a strong start to 2023, with total revenue reaching $166.0 million, a 3.9% increase compared to Q1 2022. The company experienced a net loss of $(2.0) million, while non-GAAP net income was $31.8 million. Adjusted EBITDA stood at $43.1 million, and free cash flow was $57.5 million.

Altair reported strong Q4 2022 results with record-high software revenue. Total revenue increased by 13.9% to $160.4 million, and net income was $12.1 million compared to a net loss of $(1.4) million in Q4 2021. Adjusted EBITDA increased by 61.7% to $38.7 million.