Altair Announces Third Quarter 2019 Financial Results


ALTAIR ENGINEERING INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
(in thousands, except per share data)   2019     2018     2019     2018  
Revenue                
License $46,853  $40,880  $180,127  $154,515 
Maintenance and other services  30,963   23,302   85,388   69,943 
Total software  77,816   64,182   265,515   224,458 
Software related services    7,956       8,692       25,635       26,872  
Total software and related services     85,772       72,874       291,150       251,330  
Client engineering services     12,803       12,155       37,265       36,652  
Other     1,831       1,722       6,623       5,386  
Total revenue     100,406       86,751       335,038       293,368  
Cost of revenue                                
License     4,371       2,736       13,146       10,534  
Maintenance and other services     9,548       7,095       27,509       22,202  
Total software *     13,919       9,831       40,655       32,736  
Software related services     6,013       6,352       19,143       19,573  
Total software and related services     19,932       16,183       59,798       52,309  
Client engineering services     10,160       9,817       29,993       29,977  
Other     1,649       1,204       5,858       3,416  
Total cost of revenue     31,741       27,204       95,649       85,702  
Gross profit     68,665       59,547       239,389       207,666  
Operating expenses:                                
Research and development *     29,667       24,301       87,012       71,748  
Sales and marketing *     25,790       19,243       78,462       57,849  
General and administrative *     20,706       17,234       60,886       51,636  
Amortization of intangible assets     3,545       1,739       10,673       5,665  
Other operating income     (536 )     (4,850 )     (1,702 )     (7,433 )
Total operating expenses     79,172       57,667       235,331       179,465  
Operating (loss) income     (10,507 )     1,880       4,058       28,201  
Interest expense     2,726       31       3,586       92  
Other income, net     (588 )     (970 )     (703 )     (2,046 )
(Loss) income before income taxes     (12,645 )     2,819       1,175       30,155  
Income tax expense     3,294       1,885       7,215       5,617  
Net (loss) income   $ (15,939 )   $ 934     $ (6,040 )   $ 24,538  
Income per share:                                
Net (loss) income per share attributable to common
  stockholders, basic
  $ (0.22 )   $ 0.01     $ (0.08 )   $ 0.37  
Net (loss) income per share attributable to common
  stockholders, diluted
  $ (0.22 )   $ 0.01     $ (0.08 )   $ 0.33  
Weighted average shares outstanding:                                
Weighted average number of shares used in computing
  net (loss) income per share, basic
    71,770       70,001       71,313       66,429  
Weighted average number of shares used in computing
  net (loss) income per share, diluted
    71,770       76,709       71,313       74,182  

_________________

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »



Review Article Be the first to review this article

Featured Video
Editorial
More Editorial  
Latest Blog Posts
Colin WallsEmbedded Software
by Colin Walls
Variable declarations in C – plenty of pitfalls
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
AUGER: Celebrating Our Users
2021 EDACafe PredictionsEDACafe Editorial
by 2021 EDACafe Predictions
Atmosic Technologies Electronics Design Industry Predictions
Jobs
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
Business Operations Planner for Global Foundaries at Santa Clara, California
SerDes Applications Design Engineer for Xilinx at San Jose, California
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
Upcoming Events
IPC APEX EXPO 2021 Goes Virtual at - Mar 8 - 12, 2021
ISQED'21 - 22nd International Symposium at POB 607 Los Altos CA - Apr 7 - 9, 2021
ADAS Sensors 2021 at The Henry Hotel 300 Town Center Drive Dearborn MI - Apr 7 - 8, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
Verific: SystemVerilog & VHDL Parsers



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise