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Dec 31, 2023
Altair Q4 2023 Earnings Report
Altair achieved record-high revenue and profit for the fourth quarter of 2023.
Key Takeaways
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.
Software product revenue increased by 7.6% to $155.9 million compared to Q4 2022.
Total revenue grew by 6.9% to $171.5 million compared to Q4 2022.
Net income was $19.7 million, compared to $12.1 million for the fourth quarter of 2022.
Adjusted EBITDA increased by 38.3% to $53.6 million compared to Q4 2022.
Altair
Altair
Altair Revenue by Segment
Revenue by Segment
License Revenue
CapyFin.comMaintenance and other services Revenue
CapyFin.com Forward Guidance
Altair is issuing the following guidance for the first quarter and full year 2024:
Positive Outlook
- Software Product Revenue for Q1 2024: $152 to $155 million
- Total Revenue for Q1 2024: $167 to $170 million
- Net Income for Q1 2024: $8.0 to $11.0 million
- Non-GAAP Net Income for Q1 2024: $29.5 to $31.7 million
- Adjusted EBITDA for Q1 2024: $37 to $40 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income