secwatch.observer — SEC 8-K summary
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Issuer:     Altair Engineering Inc. (—)
CIK:        0001701732
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-052143
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altair Q1 2024: record software rev $158.4M, net income $16.5M vs loss, raises guidance
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- Software revenue record $158.4M (+5.9% YoY); total revenue $172.9M (+4.1% YoY).
- Net income $16.5M vs net loss $2.0M in Q1 2023; diluted EPS $0.20.
- Non-GAAP net income $36.2M (+13.9%); non-GAAP diluted EPS $0.40.
- Adjusted EBITDA $45.8M (+6.4%); margin 26.5%. Free cash flow $70.7M.
- Q2 2024 guidance: software rev $131-134M; FY24: software rev $590-600M, total rev $652-662M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701732/000095017024052143/0000950170-24-052143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1701732/000095017024052143/altr-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-052143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer