Altair Engineering

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products, as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James Ralph Scapa in 1985 and is headquartered in Troy, MI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Altair Engineering excels in Q4 with record software revenue

Altair Engineering's Q4 2022 was marked by outstanding performance, strong vertical wins, and strategic investments. The company's focus on innovation, partnerships, and market expansion positions it well for future growth. Challenges in optimizing high-performance computing and maintaining steady performance in 2023 are areas of focus for Altair.

Altair Engineering beats Q1 expectations, eyes growth amid EV shifts

Altair Engineering delivered a strong Q1 2023 performance, surpassing financial expectations and highlighting strengths in software revenue and innovation. While facing challenges in seasonality and EV revenue, the company has opportunities for growth through product promotion and technology investments.

Altair Engineering surpasses Q2 guidance, eyes strong 2024 demand

Altair Engineering's Q2 performance exceeded expectations, driven by strong software product revenue and billings growth.
Despite FX challenges, Altair's strategic acquisitions, diverse wins, and focus on expense management position them for future success.
Opportunities in data analytics, automotive vertical, and cross-selling strategies showcase Altair's growth potential and market positioning.

Altair Engineering excels in Q3, poised for sustained growth

Altair Engineering delivered a standout performance in Q3 2023, exceeding guidance across key financial metrics and showcasing strong growth momentum. With a focus on innovation, strategic partnerships, and operational efficiency, Altair is well-positioned for continued success. While challenges exist in a competitive landscape, the company's solid financial position, high customer satisfaction, and expanding market opportunities bode well for its future.

Altair Engineering achieves record revenue, eyes growth in key sectors

Altair Engineering's strong financial performance in Q4 2023 and focus on innovation and partnerships position them well for continued growth. Challenges include evolving revenue seasonality and the need to sustain growth momentum through strategic investments.

Altair Engineering excels in Q1 2024, poised for strategic growth

Altair Engineering's Q1 2024 performance reflects operational excellence and market leadership.
Strategic acquisitions, customer engagement, and industry recognition position Altair for sustained growth.
Challenges from industry dynamics require adaptive strategies to maintain competitive edge.
Opportunities in key sectors and disruptive events offer avenues for expansion and innovation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Latest advancement connects individual fixtures to the Toggled iQ Network Lighting Control system, giving users pinpoint control while delivering added energy savings TROY, Mich. , June 20, 2022 /PRNewswire/ --  Toggled® , a wholly owned subsidiary of Altair (Nasdaq: ALTR) focused on intelligent building management solutions, today announced the new Toggled iQ Fixture Controller.

Toggled Unveils New Fixture Controller for Network Lighting Control Management at LightFair 2022

The Concept Engineering buyout will help Altair Engineering (ALTR) in expanding electronic system design technology.

Altair (ALTR) Acquires Concept Engineering, Expands Reach

TROY, Mich. , June 13, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Concept Engineering, the leading provider of electronic system visualization software that accelerates the development, manufacture, and service of complex electrical and electronic systems.

Altair Expands Electronic System Design Technology with Acquisition of Concept Engineering

TROY, Mich. , June 10, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced the pricing of $200 million aggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").

Altair Announces Pricing of Offering of $200 Million of Convertible Senior Notes

TROY, Mich. , June 9, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced its intention to offer, subject to market conditions and other factors, $200 million aggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").

Altair Announces Proposed Private Offering of $200 Million of Convertible Senior Notes

TROY, Mich. , June 6, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Gen3D, a startup out of the University of Bath, U.K. Gen3D is a pioneer implementing the implicit geometry method for describing highly complex geometries such as lattice structures in additive manufacturing (AM).

Altair Expands Design Technology for Additive Manufacturing with Acquisition of Gamma

TROY, Mich., June 01, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will participate in the following investor conferences:

Altair To Present at Upcoming Investor Conferences

Altair Engineering, Inc. (NASDAQ:ALTR ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Dave Simon - CAO Jim Scapa - Founder, Chairman & CEO Matt Brown - CFO Conference Call Participants Blair Abernethy - Rosenblatt Mark Schappel - Loop Capital Dylan Becker - William Blair Operator Hello. Thank you for standing by, and welcome to the Altair Engineering, Inc. First Quarter 2022 Earnings Conference Call.

Altair Engineering's (ALTR) CEO Jim Scapa on Q1 2022 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 26.67% and 4.09%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Q1 Earnings and Revenues Top Estimates

Altair Achieves Record Quarterly Revenue Altair Achieves Record Quarterly Revenue

Altair Announces First Quarter 2022 Financial Results

TROY, Mich., May 02, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will participate in fireside chats at the following investor conferences:

Altair To Virtually Present at Upcoming Investor Conferences

Latest software updates bolster Altair's connectivity, AEC, and electronics capabilities TROY, Mich. , April 26, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announces the release of its latest simulation solutions, which focus on next-generation connectivity, architecture, engineering, and construction (AEC), as well as circuit board and electronic design capabilities; the release also includes a myriad of updates to Altair's traditional solutions.

Altair Simulation 2022 Released

TROY, Mich., April 21, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the first quarter ended March 31, 2022, after the market close on Thursday, May 5, 2022. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's first quarter results and second quarter and full year 2022 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.

Altair Announces Date of First Quarter 2022 Financial Results Conference Call

AECOM

Fluor

Quanta Services

Biden administration's focus on renewable energy, defense, healthcare and communication is set to open up opportunities for the Zacks Engineering - R&D Services industry players like PWR, ACM, KBR, ALTR and FLR amid supply headwinds.

5 Engineering R&D Services Stocks to Watch Amid Supply-Chain Woes

Proven technology and experienced technical team will amplify Altair's power electronics solutions TROY, Mich., March 3, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Powersim, a market-leading provider of simulation and design tools for power electronics, including power supplies, motor drives, control systems, and microgrids.

Altair Expands Electronic System Design Technology with Acquisition of Powersim

The consensus price target hints at a 32.8% upside potential for Altair Engineering (ALTR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Altair Engineering (ALTR) Could Surge 33%: Read This Before Placing a Bet

Altair Engineering's (ALTR) CEO Jim Scapa on Q4 2021 Results - Earnings Call Transcript

Altair Engineering (ALTR) delivered earnings and revenue surprises of 111.11% and 12%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Altair Engineering (ALTR) Q4 Earnings and Revenues Beat Estimates

Full Year 2021 Software Product Revenue Grew 15.8%, Exceeding Expectations Full Year 2021 Software Product Revenue Grew 15.8%, Exceeding Expectations

Altair Announces Fourth Quarter and Full Year 2021 Financial Results

Altair Engineering (ALTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Altair Engineering (ALTR) Q4 Earnings Expected to Decline

TROY, Mich., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, founder and chief executive officer, and Matt Brown, chief financial officer, will virtually present via a fireside chat format at the Berenberg Thematic Software Conference on Tuesday, March 1, 2022 at 12:00 p.m. EST.

Altair To Virtually Present at the Berenberg Thematic Software Conference

Experienced technical team and robust technology will augment Altair One platform TROY, Mich. , Feb. 16, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Cassini, a next-generation cloud native technology for Industry 4.0.

Altair Acquires Cassini to Accelerate Development of Digital Thread Technology

TROY, Mich., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter and fiscal year ended December 31, 2021, after the market close on Thursday, February 24, 2022. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2021 results and 2022 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com.

Altair Announces Date of Fourth Quarter and Full Year 2021 Financial Results Conference Call

Automotive industry's premier sustainable design excellence award celebrates a decade of innovation TROY, Mich., Feb. 8, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and intelligence, announced the 2022 Enlighten Award is now open for submissions.

Altair Enlighten Award Open for Entries

Free version offers seamless, integrated access to board-level simulation and design TROY, Mich., Jan. 26, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational engineering and intelligence, has launched a special edition of Altair PollEx, an electronic system design (ESD) software tool, for Altium users to empower printed circuit board (PCB) designers to predict and maximize overall PCB performance and verify manufacturability.

News for Altair Engineering Stock (ALTR)