Monotype Imaging (TYPE) Misses Q3 EPS by 12c, Slight Beat on Revenues; Offers FY17 EPS Guidance Below Consensus

Monotype Imaging (NASDAQ: TYPE) reported Q3 EPS of $0.03, $0.12 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $60.5 million versus the consensus estimate of $59.63 million.

Third quarter 2017 highlights

• Revenue for the quarter was $60.5 million, an increase of 16%, year over year. Pro Forma non-GAAP revenue for the quarter was $61.0 million.
• Creative Professional revenue was $34.5 million, up 24%, year over year, 13% organically.
• Net income was $1.3 million. Non-GAAP net adjusted EBITDA was $15.9 million, or 26% of revenue, which outperformed expectations. Pro Forma non-GAAP net adjusted EBITDA was $16.5 million, or 27% of Pro Forma non-GAAP revenue.
• Approximately 80% of estimated printer revenue was under recurring fixed fee arrangements at the close of the quarter.

GUIDANCE:

Monotype Imaging sees FY2017 EPS of $0.19-$0.20, versus the consensus of $0.57. Monotype Imaging sees FY2017 revenue of $231-235 million, versus the consensus of $232.1 million.

For earnings history and earnings-related data on Monotype Imaging (TYPE) click here.

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