Monotype Imaging Holdings Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Third Quarter and Full Year of 2018
For the six months, the company reported revenue of $110,266,000 compared to $98,575,000 a year ago. Income from operations was $2,072,000 against $19,380,000 a year ago. Loss before provision for income taxes was $2,699,000 against income of $18,975,000 a year ago. Net income available to common stockholdersdiluted was $1,571,000 compared to income of $11,669,000 a year ago. Basic and diluted loss per share was $0.04 compared to earnings per share of $0.29 a year ago. Non-GAAP net income was $9,281,000 compared to $20,217,000 a year ago. Non-GAAP earnings per diluted share were $0.23 compared to $0.51 a year ago. Net adjusted EBITDA was $21,082,000 against $33,706,000 a year ago. Pro Forma non-GAAP net adjusted EBITDA was $23,370,000. Pro Forma non-GAAP revenue was $112,554,000.
For the third quarter of 2017, the company expects GAAP revenue in the range of $57,000,000 to $61,000,000, pro forma non-GAAP revenue to be in the range of $57,500,000 to $61,500,000, GAAP net loss to be in the range of $100,000 to income of $1,400,000, income from operations to be in the range of $1,200,000 to $4,200,000, Non-GAAP net adjusted EBITDA to be in the range of $11,200,000 to $14,200,000, pro forma non-GAAP net adjusted EBITDA to be in the range of $11,700,000 to $14,700,000, GAAP loss per diluted share to be in the range of $0.01 to earnings per share of $0.03, Non-GAAP earnings per diluted share to be in the range of $0.12 to $0.16.
For the year 2017, the company expects GAAP revenue in the range of $229,000,000 to $237,000,000, pro forma non-GAAP revenue to be in the range of $232,300,000 to $240,300,000, GAAP net income to be in the range of $1,400,000 to $4,500,000, income from operations to be in the range of $7,700,000 to $14,300,000, Non-GAAP net adjusted EBITDA to be in the range of $47,500,000 to $54,100,000, pro forma non-GAAP net adjusted EBITDA to be in the range of $50,800,000 to $57,400,000, GAAP earnings per diluted share to be in the range of $0.04 to $0.12, Non-GAAP earnings per diluted share to be in the range of $0.54 to $0.62.