ChyronHego reports revenues grow
ChyronHego Corp., a Melville graphics company, Thursday released its first quarterly report since it acquired Hego Group of Sweden in May.
The company's revenues for its second quarter ended June 30 grew year-over-year by 39 percent, from $7.7 million to $10.7 million, in large part due to the sale of Hego products and services since May 22.
ChyronHego reported a wider net loss of $2.1 million, versus $600,000 a year earlier, due largely to $1.8 million in expenses related to the Hego merger.
After the merger, ChyronHego reduced the Chyron staff by 20 employees. ChyronHego creates and sells products and services for live television, news and sports production, including software that produces on-screen news tickers.
Bay Shore teacher back in court ... Smithtown library repair ... Study finds Penn needs to expand ... NYC school chancellor's exit .
Bay Shore teacher back in court ... Smithtown library repair ... Study finds Penn needs to expand ... NYC school chancellor's exit .
