CHYRON REPORTS FINANCIAL RESULTS

CHYRON REPORTS FINANCIAL RESULTS FOR THE
FOURTH QUARTER AND FULL YEAR 2009
  MELVILLE, N.Y., March 11, 2010 -- Chyron (NASDAQ: CHYR), a leading provider of Graphics as a Service for on air, online, out of home, and mobile applications, today announced its financial results for the fourth quarter and year ended December 31, 2009.
Financial Highlights:

• Revenues of $7.2 million for the fourth quarter of 2009, up 7% over the prior year’s fourth quarter and up 13% over the third quarter of 2009; revenues of $25.6 million for fiscal year 2009, down 25% from the prior year;
• Operating expenses of $5.0 million for the fourth quarter, down 3% from the prior year’s fourth quarter; operating expenses of $21.1 million for fiscal 2009, down 7% from fiscal 2008;
• Net Loss of $0.3 million for the fourth quarter of 2009, as compared to a net loss of $0.2 million for the prior year’s fourth quarter; net loss of $3.1 million for fiscal 2009, as compared to net income of $17.8 million for fiscal 2008 after a net tax benefit of $16.6 million;
• A basic and diluted loss per share of $0.02 for the fourth quarter of 2009, the same as for fourth quarter of 2008; a basic and diluted loss per share of $0.20 for fiscal 2009, as compared to basic earnings per share of $1.14 and diluted earnings per share of $1.08 for fiscal 2008;
• Adjusted EBITDA of $0.7 million for the fourth quarter of 2009 versus an adjusted EBITDA loss of $0.1 million for the fourth quarter of 2008; an adjusted EBITDA loss of $1.0 million for fiscal 2009 versus adjusted EBITDA of $3.4 million for fiscal 2008.

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