Altair Announces Third Quarter 2020 Financial Results

The following table provides a reconciliation of projected Adjusted EBITDA to projected net loss, the most comparable GAAP financial measure:


 (Unaudited) 
  Three Months Ending
December 31, 2020
   Year Ending
December 31, 2020
 
(in thousands) Low   High   Low   High 
Net loss$(13,300) $(11,300) $(26,600) $(24,600)
Income tax expense 2,200   2,200   12,500   12,500 
Stock-based compensation expense 7,200   7,200   21,100   21,100 
Interest expense 2,900   2,900   11,500   11,500 
Depreciation and amortization 6,100   6,100   23,100   23,100 
Interest income and other non-recurring adjustments (100)  (100)  (1,600)  (1,600)
Adjusted EBITDA$5,000  $7,000     $ 40,000     $ 42,000  

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