MONOTYPE IMAGING HOLDINGS INC
SymbolTYPE

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Monotype Imaging Announces Third Quarter 2009 Results

2009-11-03 07:07 ET - News Release

Company Reports Solid Revenue and Profitability


Company Website: http://www.monotypeimaging.com
WOBURN, Mass. -- (Business Wire)

Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading global provider of text imaging solutions, today announced financial results for the third quarter ended Sept. 30, 2009.

Third quarter 2009 highlights:

  • Third quarter revenue was $23.0 million, a 16 percent decline year-over-year.
  • Operating income for the third quarter was $6.5 million, or 28 percent of revenue.
  • Non-GAAP net adjusted EBITDA for the third quarter was $10.2 million, or 44 percent of revenue.
  • Cash and cash equivalents balance as of Sept. 30, 2009 was $38.7 million, an increase of $6.8 million compared to Dec. 31, 2008.

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