Monotype Imaging (TYPE) Tops Q2 EPS by 19c, Slight Beat on Revenues; Offers FY18 EPS/Revenue Outlook

Monotype Imaging (NASDAQ: TYPE) reported Q2 EPS of $0.30, $0.19 better than the analyst estimate of $0.11. Revenue for the quarter came in at $60.7 million versus the consensus estimate of $59.65 million.

Second quarter 2018 highlights

• Revenue for the quarter was $60.7 million, an increase of 5% year over year.
• Creative Professional revenue was $38.4 million, up 25% year over year.
• Net income was $0.7 million; Non-GAAP net adjusted EBITDA was $17.4 million, a 48% increase year over year, or 28.6% of revenue.
• Cash and cash equivalents stood at $75.8 million.

“Our second quarter revenue came in at the high end of our guidance range and EBITDA exceeded the high end of the range, further validating that our solutions are resonating with Global 2000 brands,” said Scott Landers, president and CEO of Monotype. “Our success this quarter is the result of our continued momentum with our enterprise sales strategy, and ongoing focus on providing customers with the solutions that are most impactful to their businesses.”

Tony Callini, executive vice president and chief financial officer of Monotype, said, “We are encouraged by our second quarter results, and are pleased that our efforts to improve margins are now visible as past investments are being leveraged, while we take a disciplined approach to focus on those things that drive the most value to our customers.”

GUIDANCE:

Monotype Imaging sees FY2018 EPS of $0.90-$0.94, versus the consensus of $0.50. Monotype Imaging sees FY2018 revenue of $238-244 million, versus the consensus of $247.8 million.

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

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