Thursday, March 10, 2005

Chyron Reports Turnaround for 2004

Apparently hardware vendors in this insutry don't always make great margins:

"Chyron Corporation (OTCBB: CYRO), a leading developer of broadcast television graphics hardware and software, today announced a financial turnaround for 2004, with rising revenues and positive earnings in three out of four quarters as well as for the year as a whole. Revenue for 2004 was $23.2 million, 20 percent higher than the previous year's $19.4 million. Net income for the year was $305,000, or $0.01 per share, compared to a loss from continuing operations of $1.9 million or $0.05 loss per share in 2003."

Read the complete press release here.

No comments: