PTC anticipates total revenues for the full-year 2024 to be between $600 million and $850 million. PTC anticipates GAAP R&D and SG&A expense for the full-year 2024 to be between $740 and $835 million. PTC anticipates Non-GAAP R&D and SG&A expense for the full year 2024 to be between $660 and $755 million, including expected R&D expense milestone payments of up to $65 million and excluding estimated non-cash, stock-based compensation expense of $80 million. PTC anticipates up to $90 million of payments for the full year 2024 upon achievement of potential regulatory success-based milestones from previous acquisitions, of which up to $65 million will be recorded as R&D operating expense.
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