Welcome to our dedicated page for Altair Engineeri news (Ticker: ALTR), a resource for investors and traders seeking the latest updates and insights on Altair Engineeri stock.
Altair Engineering (ALTR) provides cutting-edge simulation software, high-performance computing (HPC), and AI-driven solutions that transform product design and operational efficiency across industries. This page serves as the definitive source for verified news and official announcements from Altair, offering stakeholders timely insights into the company’s strategic direction.
Access up-to-date press releases covering earnings reports, product innovations, strategic partnerships, and leadership updates. Investors and industry professionals can track developments in Altair’s core technologies, including advancements in simulation accuracy, cloud-based HPC scalability, and data analytics integration.
All content is curated to meet investor needs while maintaining technical relevance. Expect updates on regulatory filings, intellectual property milestones, and cross-sector applications in automotive, aerospace, and industrial manufacturing. Our neutral presentation ensures compliance with financial disclosure standards.
Bookmark this page for direct access to Altair’s verified announcements. Check regularly for insights into how the company’s engineering solutions address evolving market demands in digital transformation and sustainable design practices.
Altair (Nasdaq: ALTR) announced the appointment of Matthew Brown as senior vice president, effective January 1, 2021, and as chief financial officer (CFO) on March 16, 2021. He will succeed Howard Morof, who steps down to pursue other opportunities. Brown has extensive experience in finance, having held leadership positions at NortonLifeLock and Symantec. Altair reaffirms its guidance for Q4 and full year 2020 as stated in its previous earnings report.
Altair (NASDAQ: ALTR), a global technology company specializing in software and cloud solutions for simulation, data analytics, and high-performance computing, will present at the Berenberg European Conference on December 1, 2020, at 11:00 a.m. ET. James Scapa, CEO, and Howard Morof, CFO, are scheduled to speak. A live webcast and replay will be accessible on the company's investor relations website.
Altair aims to help organizations compete more effectively while promoting a sustainable future.
Altair (NASDAQ: ALTR) announces that CEO James Scapa and CFO Howard Morof will present at the RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on November 18, 2020, at 9:35 a.m. ET. A live webcast and replay will be available on Altair's investor relations website. Altair specializes in software and cloud solutions in simulation and data analytics, aiming to help organizations compete effectively while fostering a sustainable future.
Altair (NASDAQ: ALTR) reported strong third-quarter 2020 results with software product revenue increasing by 13% year-over-year to $87.8 million, representing 83% of total revenue of $106.5 million. The company's net loss decreased to $8.5 million, improving from a $15.9 million loss in Q3 2019. Adjusted EBITDA reached $8.2 million compared to a loss of $2.3 million in the prior year. The proactive cost management strategies positively impacted operating expenses. For Q4 2020, Altair forecasts total revenue between $112 million and $117 million, with software product revenue estimated at $95 million to $99 million.
Altair (Nasdaq: ALTR) announces the launch of Inspire Mold, an innovative solution for simulating injection molding, aimed at reducing costs and manufacturing delays in the $250 billion sector. This new tool empowers engineers to conduct faster design iterations, making cost-effective decisions early in the development process. Key features include an optimized user experience, access to materials data for 60 materials, and comprehensive end-to-end technology. Inspire Mold enhances decision-making and minimizes risks associated with defects, improving manufacturability and reducing scrap costs.
Altair (Nasdaq: ALTR) has launched the Altair Material Data Center, a comprehensive database designed for materials used in simulation, including metals, plastics, and composites. This database integrates with various major solvers and is developed to predict product performance efficiently. The initiative follows Altair's acquisition of M-Base, enhancing its resource offering in the plastics sector. The Material Data Center aims to support engineers and designers by providing detailed material information, thereby improving innovation and product lifecycle management.
Altair (Nasdaq: ALTR) has secured an agreement with the Luna Rossa Prada Pirelli team, becoming an official supplier for the 36th America’s Cup. Altair will provide advanced simulation software and engineering services to enhance the design and performance of the AC75 Luna Rossa sailboat.
Using Altair's solutions, the team optimized composite structures, achieving significant weight savings while maintaining structural efficiency. This partnership is expected to grant Luna Rossa a competitive edge in the upcoming race in Auckland.
Altair (Nasdaq: ALTR) will announce its third quarter 2020 financial results on November 5, 2020, after market close. A conference call to discuss the results is scheduled for November 6, 2020, at 8:30 a.m. ET. Investors can access the live call or its replay through the webcast on Altair’s investor website. This quarterly update will provide insights into Altair's performance in data analytics, simulation, and high-performance computing sectors, as the company aims to enhance its strategic position in the market.
Altair (Nasdaq: ALTR) announced the launch of Toggled's second-generation connected T8/T12 retrofit LED lamps, aiming to reduce maintenance needs and enhance functionality. These lamps, available in 2 ft., 3 ft., and 4 ft. sizes, include an internal light sensor for remote status verification and life expectancy predictions. The 4 ft. lamp features a light output increase to 2400 lumens. Toggled iQ technology integrates with existing building management systems, offering smart features like scheduling and occupancy detection.
Altair (Nasdaq: ALTR) has announced the acquisition of M-Base Engineering + Software GmbH, enhancing its offerings with the most comprehensive, high-fidelity plastics database available. This acquisition strengthens Altair’s position in material modeling, allowing for optimized product performance through advanced simulation techniques. M-Base provides extensive plastics material data, crucial for product development and adherence to international standards. Altair aims to leverage M-Base's capabilities to further improve design processes and material selection for engineers.
