Chyron Posts Increased Sales for 4Q

By Andrew Gauthier 

Television Broadcast

Chyron sales revenues were up for the fourth quarter, both sequentially and year-over-year. The TV graphics specialist posted revenues of $7.2 million for the quarter ending Dec. 31, up 7 percent over last year and 13 percent over 3Q09. Net loss was $312,000, compared to $243,000 a year ago and $800,000 for 3Q09. Services, inclusive of the Web-based Axis graphics platform, contributed $1.2 million to revenues, up 14 percent over 4Q08.

Operating expenses were nearly $5 million compared to $5.1 million a year earlier. Research and development spending increased 9 percent to $1.6 million in good part due to costs related to the cloud-computed Axis graphics service. Chyron realized net savings of around $400,000 from layoffs and pay cuts imposed in the third quarter. More…