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About Altair Engineering (NASDAQ: ALTR)
Altair Engineering Inc. is a global leader in computational intelligence, specializing in software and cloud solutions for simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI). With over 30 years of experience, the company empowers organizations across diverse industries to optimize designs, improve decision-making, and drive sustainable innovation. Altair’s integrated suite of software solutions enables end-to-end product lifecycle management, from concept design to in-service operation, ensuring superior performance and efficiency.
Core Business Areas
Altair operates through two primary segments:
- Software: This segment includes advanced tools for structural simulation, fluid dynamics, thermal management, system modeling, embedded systems, and data visualization. Flagship platforms like Altair® HyperWorks® and Altair® RapidMiner® integrate optimization, AI, and machine learning to address complex engineering challenges.
- Client Engineering Services: Altair provides specialized engineering support, enabling clients to address unique technical challenges and achieve project-specific goals.
The majority of Altair’s revenue is derived from its software segment, reflecting its strong position in enterprise-class engineering solutions.
Industry Applications
Altair serves over 5,000 corporate clients worldwide across industries including:
- Automotive: Lightweighting, structural optimization, and autonomous vehicle development.
- Aerospace: Advanced simulation for aircraft design, propulsion systems, and space exploration.
- Energy: Renewable energy optimization and grid efficiency solutions.
- Life Sciences: Medical device design and healthcare analytics.
- Financial Services: Predictive analytics and risk management.
Altair’s technology also supports emerging markets such as eVTOL (electric vertical takeoff and landing) and quantum computing, demonstrating its commitment to cutting-edge innovation.
Competitive Position and Differentiation
Altair distinguishes itself through its holistic approach to computational intelligence, integrating HPC, AI, and simulation into unified platforms. Key differentiators include:
- Innovation: Pioneering technologies like quantum computing for fluid dynamics and generative AI for automation systems.
- Sustainability: Solutions that enable greener designs, such as lightweight materials and energy-efficient manufacturing processes.
- Partnerships: Collaborations with industry leaders like LG Electronics, Siemens, and the European Space Agency (ESA) to drive transformative outcomes.
Altair’s flexible licensing model, Altair Units™, further enhances its appeal by offering scalable access to its extensive software portfolio.
Future Outlook
As industries increasingly adopt AI-driven solutions, Altair is well-positioned to capitalize on this trend. Its focus on sustainability, digital transformation, and next-generation technologies ensures its relevance in a rapidly evolving market. With a robust ecosystem of partners and a growing presence in high-growth sectors, Altair continues to drive innovation and deliver value to its stakeholders.
Why Altair Matters
Altair’s mission to bridge the gap between simulation, AI, and HPC makes it a cornerstone for organizations aiming to innovate and compete effectively. Its solutions not only enhance product performance but also contribute to a more connected and sustainable future, making Altair a key player in the global technology landscape.
Altair (Nasdaq: ALTR) has acquired Concept Engineering, a leader in electronic system visualization software. This acquisition aims to enhance Altair's capabilities in developing complex electrical systems, allowing improved design and service processes. Concept Engineering's tools, including automatic schematic generation and debug solutions, will integrate into Altair's Electronic System Design suite, benefiting industries such as automotive and aerospace. The deal is expected to streamline engineering processes, saving time and improving product quality for Altair's customers.
Altair (Nasdaq: ALTR) announced the pricing of a $200 million offering of Convertible Senior Notes due 2027. The notes, which bear an interest rate of 1.750% annually, are expected to settle on June 14, 2022. Altair aims to use about $192.4 million of the proceeds to repurchase its 0.250% Convertible Senior Notes due 2024, with the rest allocated for working capital and potential acquisitions. Importantly, the conversion price is set at approximately $71.68 per share, reflecting a 30% premium over the stock's last reported price of $55.14.
Altair (Nasdaq: ALTR) announced its intention to offer $200 million of Convertible Senior Notes due 2027 in a private offering aimed at qualified institutional buyers. The offering may include an additional $30 million in notes. The proceeds will primarily finance the repurchase of existing 2024 notes and support working capital and potential acquisitions. The notes are senior, unsecured obligations with semi-annual interest payments; conversion options include cash or shares of Class A Common Stock. Altair cautions that actual results may vary from forward-looking statements.
Altair (Nasdaq: ALTR) has acquired Gen3D, a UK-based startup known for its innovative implicit geometry technology used in additive manufacturing. This acquisition enhances Altair's capabilities in designing complex geometries and improving manufacturing processes. Gen3D’s generative design tools allow engineers to create intricate designs while minimizing potential manufacturing issues, benefiting various industries such as aerospace and automotive. The integration of Gen3D's technology into Altair Inspire is expected to streamline product development and optimize performance.
Altair (Nasdaq: ALTR) announced that CEO James Scapa and CFO Matt Brown will participate in two upcoming investor conferences. The Nasdaq Investor Conference is set for June 14, 2022, at 3:30 a.m. ET, featuring a presentation format. Following that, they will partake in the Berenberg Thematic Software Conference 2022 on June 15, 2022, at 8:00 a.m. ET, which will take the form of a fireside chat. A live webcast and replay will be available on their investor relations website.
Altair is a leader in computational science and AI, providing innovative solutions for various industries.
Altair (Nasdaq: ALTR) reported strong financial results for Q1 2022, achieving record revenues. Software product revenue reached $140.9 million, a 8.8% increase from Q1 2021. Total revenue surged to $159.8 million, up 6.4%. However, net income fell to $11.5 million from $14.4 million year-over-year. Adjusted EBITDA increased by 26.1% to $46.6 million, with an adjusted EBITDA margin of 29.2%. Guidance for Q2 and full-year 2022 indicates a net loss forecast. Despite high revenue growth, investors should note the decline in net income and lower free cash flow.
TROY, Mich., May 02, 2022 – Altair (Nasdaq: ALTR), a leader in computational science and AI, announced participation in upcoming investor conferences. James Scapa, chairman and CEO, and Matt Brown, CFO, will engage in fireside chats at the following events: 17th Annual Needham Technology & Media Conference on May 16, 2022, at 10:15 a.m. ET, and the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25, 2022, at 2:30 p.m. ET. Live webcasts will be available on Altair's investor relations website.
Altair (Nasdaq: ALTR) announced the release of its latest software, Simulation 2022, enhancing capabilities in connectivity, AEC, and electronics design. The update includes advanced simulations for antennas and autonomous vehicle systems, improving efficiency and accuracy. Notable features encompass better 5G technology support, enhanced AEC tools compliant with global standards, and expanded functionalities for circuit board design. This release aims to foster sustainable development and innovation in engineering, supporting organizations in achieving smarter product outcomes.
Altair (Nasdaq: ALTR) will announce its first-quarter financial results for 2022 after the market closes on May 5, 2022. The management will hold a conference call at 5 p.m. ET to discuss the results and the outlook for the second quarter and the full year. A replay of the webcast will be available post-call. Altair specializes in computational science and AI, offering software and cloud solutions across various industries, aiming for enhanced decision-making and sustainability.
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