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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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