Archive | May 10, 2013

Chyron Cuts Staff After Posting Continued Q1 Loss

10 May

Chyron has announced a 2013 Q1 net loss of $917K, compared to a $951K net loss in 2012; this in spite of a 2% overall revenue increase. In fact, only product revenue increased (3%); in contrast, services revenue declined (2%).  A week earlier, the company announced a board approved reorganization plan to reduce operating expenses by cutting twenty employees, with severance pay and benefits. […]