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Dec 31, 2022
Altair Q4 2022 Earnings Report
Altair had an outstanding fourth quarter, achieving record high software revenue, and showing exceptional momentum for the full year.
Key Takeaways
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.
Software product revenue increased by 18.5% to $145.0 million.
Total revenue increased by 13.9% to $160.4 million.
Net income was $12.1 million, a significant improvement from the net loss of $(1.4) million in Q4 2021.
Adjusted EBITDA increased by 61.7% to $38.7 million.
Altair
Altair
Altair Revenue by Segment
Revenue by Segment
License Revenue
CapyFin.comMaintenance and other services Revenue
CapyFin.comSoftware related services Revenue
CapyFin.comClient engineering services Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Altair is issuing the following guidance for the first quarter and full year 2023:
Revenue & Expenses
Visualization of income flow from segment revenue to net income