Monotype Imaging (TYPE) Misses Q1 EPS by 3c, Offers Q2 and FY Guidance

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Go back to Monotype Imaging (TYPE) Misses Q1 EPS by 3c, Offers Q2 and FY Guidance

Monotype Announces First Quarter 2019 Results

April 26, 2019 7:00 AM EDT

Company Re-affirms Full-Year Guidance, Despite Lower Than Expected Q1 2019 Results

WOBURN, Mass.--(BUSINESS WIRE)-- Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced financial results for the first quarter ended March 31, 2019.

First quarter 2019 highlights

Revenue for the quarter was $51.4 million, a decrease of 9% year over year. Net income was $2.7 million; Non-GAAP net adjusted EBITDA was $11.0 million, or 21.5% of revenue.

We continue to be uniquely positioned to meet the design and marketing challenges of the worlds... More