Monotype Imaging Holdings Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Second Quarter and Full Year of 2018
For the second quarter of 2018, the company expects revenue in the range of $57.0 to $61.0 million, non-GAAP net adjusted EBITDA of $11.0 to $14.0 million, GAAP earnings per diluted share of $0.00 to $0.03 and Non-GAAP earnings per diluted share of $0.09 to $0.12. It expects GAAP net income of $1,100,000, amortization of $700,000 and Non-GAAP net income of $3,600,000 to $4,700,000. Gross profit margin expected to be between 80% and 82%.
For the full year of 2018, the company expects revenue in the range of $243.0 to $251.0 million, non-GAAP net adjusted EBITDA of $59.5 to $66.5 million, GAAP earnings per diluted share of $0.10 to $0.15 and Non-GAAP earnings per diluted share of $0.47 to $0.52. It assumes 65% effective tax rate. It expects GAAP net income of $3,800,000 to $6,200,000, amortization of $2,600,000 and Non-GAAP net income of $18,900,000 to $21,300,000.