Monotype Imaging (TYPE) Misses Q2 EPS by 1c
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Monotype Announces Second Quarter 2017 Results
July 28, 2017 7:00 AM EDTCreative Professional growth accelerates and OEM stabilization strategy ahead of schedule
WOBURN, Mass.--(BUSINESS WIRE)-- Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced financial results for the second quarter ended June 30, 2017.
Second quarter 2017 highlights
Revenue for the quarter was $57.8 million, an increase of 19%, year over year. Pro Forma non-GAAP revenue for the quarter was $58.7 million. Creative Professional revenue was $30.6 million, up 31%, year over year. Net loss was $0.5 million. Non-GAAP net adjusted EBITDA was $11.7 million, or 20% of... More