Altair Engineering Inc. (ALTR)

Altair Engineering Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	619.58	612.7	572.22	532.18	469.92	458.92
Revenue Growth (YoY)	7.11%	7.07%	7.52%	13.25%	2.40%	15.78%
Cost of Revenue	119.95	121.79	122.89	129.67	121.31	132.6
Gross Profit	499.63	490.91	449.33	402.51	348.62	326.32
Selling, General & Admin	247.78	247.03	236.17	207.96	197.87	188.23
Research & Development	211.73	212.65	202.54	167.34	126.08	117.51
Other Operating Expenses	24.13	31	17.56	14.88	12.95	12.37
Operating Expenses	483.64	490.67	456.27	390.17	336.9	318.11
Operating Income	15.99	0.24	-6.94	12.34	11.71	8.21
Interest Expense / Income	6.17	6.12	4.38	12.07	11.6	6.37
Other Expense / Income	-18.84	-18.49	16.9	0.56	-1.92	-1.55
Pretax Income	28.66	12.62	-28.21	-0.29	2.03	3.39
Income Tax	19.08	21.55	15.22	8.51	12.53	10.93
Net Income	9.58	-8.93	-43.43	-8.79	-10.5	-7.54
Shares Outstanding (Basic)	83	81	79	76	73	72
Shares Outstanding (Diluted)	90	81	79	76	73	72
Shares Change	11.99%	1.41%	4.32%	4.01%	2.37%	-4.45%
EPS (Basic)	0.12	-0.11	-0.55	-0.12	-0.14	-0.11
EPS (Diluted)	0.12	-0.11	-0.55	-0.12	-0.14	-0.11
Free Cash Flow	130.33	117.11	29.92	53.77	26.79	21.73
Free Cash Flow Per Share	1.58	1.45	0.38	0.71	0.37	0.30
Gross Margin	80.64%	80.12%	78.52%	75.63%	74.19%	71.11%
Operating Margin	2.58%	0.04%	-1.21%	2.32%	2.49%	1.79%
Profit Margin	1.55%	-1.46%	-7.59%	-1.65%	-2.23%	-1.64%
Free Cash Flow Margin	21.03%	19.11%	5.23%	10.10%	5.70%	4.74%
Effective Tax Rate	66.58%	170.73%	-	-	616.73%	322.61%
EBITDA	73.82	57.86	11.67	37.42	37.44	31.28
EBITDA Margin	11.91%	9.44%	2.04%	7.03%	7.97%	6.82%
Depreciation & Amortization	38.99	39.12	35.5	25.64	23.81	21.52
EBIT	34.83	18.74	-23.84	11.78	13.63	9.76
EBIT Margin	5.62%	3.06%	-4.17%	2.21%	2.90%	2.13%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).