ALTAIR ENGINEERING INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
|
Three Months Ended
March 31, | ||||||||
| (in thousands, except per share data) | 2021 | 2020 | ||||||
| Revenue | ||||||||
| License | $ | 96,395 | $ | 77,543 | ||||
| Maintenance and other services | 33,146 | 30,900 | ||||||
| Total software | 129,541 | 108,443 | ||||||
| Software related services | 8,098 | 6,934 | ||||||
| Total software and related services | 137,639 | 115,377 | ||||||
| Client engineering services | 10,677 | 13,878 | ||||||
| Other | 1,847 | 2,208 | ||||||
| Total revenue | 150,163 | 131,463 | ||||||
| Cost of revenue | ||||||||
| License | 5,395 | 5,523 | ||||||
| Maintenance and other services | 11,555 | 10,455 | ||||||
| Total software * | 16,950 | 15,978 | ||||||
| Software related services | 6,122 | 5,489 | ||||||
| Total software and related services | 23,072 | 21,467 | ||||||
| Client engineering services | 8,888 | 11,318 | ||||||
| Other | 1,462 | 1,712 | ||||||
| Total cost of revenue | 33,422 | 34,497 | ||||||
| Gross profit | 116,741 | 96,966 | ||||||
| Operating expenses: | ||||||||
| Research and development * | 38,276 | 31,467 | ||||||
| Sales and marketing * | 32,070 | 28,099 | ||||||
| General and administrative * | 23,926 | 22,346 | ||||||
| Amortization of intangible assets | 4,877 | 3,840 | ||||||
| Other operating income, net | (617 | ) | (891 | ) | ||||
| Total operating expenses | 98,532 | 84,861 | ||||||
| Operating income | 18,209 | 12,105 | ||||||
| Interest expense | 2,973 | 2,813 | ||||||
| Other expense (income), net | 835 | (1,390 | ) | |||||
| Income before income taxes | 14,401 | 10,682 | ||||||
| Income tax expense | 41 | 4,652 | ||||||
| Net income | $ | 14,360 | $ | 6,030 | ||||
| Income per share: | ||||||||
| Net income per share attributable to common
stockholders, basic | $ | 0.19 | $ | 0.08 | ||||
| Net income per share attributable to common
stockholders, diluted | $ | 0.18 | $ | 0.08 | ||||
| Weighted average shares outstanding: | ||||||||
| Weighted average number of shares used in computing
net income per share, basic | 74,651 | 72,623 | ||||||
| Weighted average number of shares used in computing
net income per share, diluted | 79,295 | 77,004 | ||||||
