Sector: Technology | Industry: IT Services & Consulting |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1820 E Big Beaver Rd TROY MI 48083-2031 |
Tel: | N/A |
Website: | https://www.altair.com |
IR: | See website |
Key People | ||
James R. Scapa Chairman of the Board, Chief Executive Officer | Raoul Maitra Chief Legal Officer | Matthew Charles Brown Chief Financial Officer |
Stephanie Buckner Chief Operating Officer | Gilma Saravia Chief People Officer | Brian Gayle Chief Accounting Officer |
Jeff Marraccini Chief Information Security Officer | Amy Messano Chief Marketing Officer | Nelson Dias Chief Revenue Officer | Ravi Kunju Chief Product and Strategy Officer |
Business Overview |
Altair Engineering Inc. is a computational science and artificial intelligence company. The Company provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). The Company operates through two segments: Software and Client Engineering Services. The Software segment includes software, software services, and software-related services. The software component of this segment includes its portfolio of software products, including its solvers and optimization technology products, HPC software applications and hardware products, modeling and visualization tools, data analytics and analysis products. The Client Engineering Services segment provides client engineering services to support its customers with long-term, ongoing expertise. The Company's solution FlightStream, provides computational fluid dynamics (CFD) software with a footprint in the aerospace and defense sector. |
Financial Overview |
For the three months ended 31 March 2024, Altair Engineering Inc revenues increased 4% to $172.9M. Net income totaled $16.5M vs. loss of $2M. Revenues reflect Software segment increase of 5% to $165M. Net Income reflects Other Operating Income/Expense decrease from $5.6M (expense) to $882K (income), Stock-based Compensation in SGA decrease of 40% to $4.5M (expense). |
Employees: | 3,200 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,628M as of Mar 31, 2024 |
Annual revenue (TTM): | $612.70M as of Mar 31, 2024 |
EBITDA (TTM): | $41.89M as of Mar 31, 2024 |
Net annual income (TTM): | -$8.93M as of Mar 31, 2024 |
Free cash flow (TTM): | $117.11M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 83,032,860 as of Apr 17, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |