Monotype Imaging (TYPE) Tops Q1 EPS by 10c, Offers Q2 and FY Guidance
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Monotype Announces First Quarter 2018 Results
April 27, 2018 7:00 AM EDTRevenue Grows 8%, Net Adjusted EBITDA Improves 17%
Creative Professional Business Grows 29%
WOBURN, Mass.--(BUSINESS WIRE)-- Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced financial results for the first quarter ended March 31, 2018.
First quarter 2018 highlights
Revenue for the quarter was $56.7 million, an increase of 8% year over year. Creative Professional revenue was $35.0 million, up 29% year over year. Net loss was $1.2 million; Non-GAAP net adjusted EBITDA was $11.0 million, or 19% of revenue.... More