Stock Monitor: Hanwha Q CELLS Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 24, 2018 / Active-Investors.com has just released a free earnings report on Altair Engineering Inc. (NASDAQ: ALTR) ("Altair"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ALTR. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on March 21, 2018. The provider of enterprise-class engineering software worldwide beat revenue and earnings estimates. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Hanwha Q CELLS Co., Ltd (NASDAQ: HQCL), which also belongs to the Technology sector as the Company Altair Engineering. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Altair Engineering most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ALTR

Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2017, ended December 31, 2017, Altair's total revenues gained 8% to $89.9 million compared to $82.8 million in Q4 2016. The Company's revenue numbers exceeded analysts' estimates by $2.3 million.

During Q4 2017, Altair's Software Product revenues advanced 11% to $67.9 million from $61.1 million in Q4 2016.

For Q4 2017, Altair reported a net loss of $60.3 million, or $1.03 loss per diluted share, compared to a net income of $5.9 million, or $0.10 per diluted share, in Q4 2016. The Company's reported quarter results included the impact of non-cash stock-based compensation expenses of $8.0 million and tax expenses of $56.6 million, substantially due to the recording of a valuation allowance on the US deferred tax assets, and to a lesser degree, as a result of the recent tax reform.

Altair's non-GAAP net income was $12.6 million in Q4 2017 compared to $6.9 million in Q4 2016. The Company's non-GAAP net income per share was $0.18 in the reported quarter, based on 68.2 million diluted weighted average common shares outstanding, compared to $0.12 in the prior year's same quarter, based on 58.8 million diluted weighted average common shares outstanding. Altair's earnings beat Wall Street's estimates of $0.06 per share.

For the full fiscal year 2017, Altair's total revenues gained 6% to $333.3 million compared to $313.2 million in FY16.

For FY17, Altair's net loss was $99.4 million, or $1.89 loss per diluted share, compared to a net income of $10.2 million, or $0.18 per diluted share, in FY16. The Company's FY17 results included the impact of $47.3 million in non-cash stock-based compensation expenses, as well as $63.0 million in tax expenses. The Company's non-GAAP net income was $16.1 million, or $0.26 per diluted share, in FY17 compared to $18.6 million, or $0.32 per diluted share, in FY16.

Cash Matters

During Q4 2017, Altair's cash flow from operations was an outflow of $1.4 million compared to an inflow of $23,000 in Q4 2016. The Company's cash flow from operations was $16.1 million in FY17 compared to $21.4 million in FY16.

During Q4 2017, Altair's free cash flow, which consists of cash flow from operations less capital expenditure, was negative $4.5 million compared to negative $4.7 million in Q4 2016. For FY17, the Company's free cash flow was positive $8.6 million compared to positive $11.9 million in FY16.

Outlook

For the first quarter of the fiscal year 2018, Altair is forecasting Software Product revenues to be in the range of $64.5 million to $65.0 million, and total revenues to be in the band of $86.5 million to $87.5 million. The Company is expecting GAAP net income to be in the range of $0.0 million to $0.5 million, and non-GAAP net income to be in the band of $1.8 million to $2.3 million for the upcoming quarter.

For the full fiscal year 2018, Altair is projecting Software Product revenues to be in the range of $269.0 million to $273.0 million, and total revenues to be in the band of $362.0 million to $366.0 million. The Company is estimating GAAP net income to be in the range of $10.0 million to $12.0 million, and non-GAAP net income to be in the band of $18.0 million to $20.0 million for FY18.

Stock Performance Snapshot

April 23, 2018 - At Monday's closing bell, Altair Engineering's stock fell 1.01%, ending the trading session at $29.52.

Volume traded for the day: 317.74 thousand shares, which was above the 3-month average volume of 247.40 thousand shares.

Stock performance in the previous three-month period ? up 14.95%; and year-to-date ? up 23.41%

After yesterday's close, Altair Engineering's market cap was at $1.87 billion.

The stock is part of the Technology sector, categorized under the Semiconductor - Specialized industry.

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