(Unaudited) | ||||||||||||||||
Three Months Ending
September 30, 2021 |
Year Ending
December 31, 2021 | |||||||||||||||
(in thousands) | Low | High | Low | High | ||||||||||||
Net loss | $ | (22,800 | ) | $ | (20,900 | ) | $ | (31,600 | ) | $ | (26,800 | ) | ||||
Income tax expense | 3,300 | 3,400 | 8,600 | 8,800 | ||||||||||||
Stock-based compensation expense | 11,700 | 11,700 | 43,700 | 43,700 | ||||||||||||
Interest expense | 3,000 | 3,000 | 12,000 | 12,000 | ||||||||||||
Depreciation and amortization | 6,400 | 6,400 | 25,000 | 25,000 | ||||||||||||
Restructuring expense | 500 | 500 | 5,600 | 5,600 | ||||||||||||
Special adjustments, interest income and other | (100 | ) | (100 | ) | (300 | ) | (300 | ) | ||||||||
Adjusted EBITDA | $ | 2,000 | $ | 4,000 | $ | 63,000 | $ | 68,000 |
Altair Announces Second Quarter 2021 Financial Results
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The following table provides a reconciliation of projected Adjusted EBITDA to projected net loss, the most comparable GAAP financial measure:
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