Chyron Reports Financial Results for the Third Quarter and First Nine Months of 2010

Chyron

, a leading provider of Graphics as a Service for on air, online, out of home, and mobile applications, today announced its financial results for the third quarter and nine months ended September 30, 2010. (Logo: http://photos.prnewswire.com/prnh/20100204/NY49770LOGO ) (Logo: http://www.newscom.com/cgi-bin/prnh/20100204/NY49770LOGO ) Third Quarter 2010 Year-Over-Year Financial Highlights: Revenues of $6.88 million were up 8%; Operating Expenses of $5.43 million were down 1%; Operating loss narrowed 39% to $0.67 million; Net loss narrowed 43% to $0.48 million; Loss per share, basic and diluted, reduced to $0.03 per share, a $0.02 per share improvement; and Earnings before interest, taxes, depreciation and amortization ("EBITDA") plus non-cash share-based compensation expense ("Adjusted EBITDA") significantly improved to break-even, from a $0.47 million loss in the prior year's third quarter. An explanation of management's use of this measure of results and a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure of net income (loss) is set forth at the end of this press release.