Last $2.98 USD
Change Today -0.02 / -0.67%
Volume 132.8K
As of 4:30 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

chyronhego corp (CHYR) Key Developments

ChyronHego Wins Four ZXY Sport Tracking Solution Deals

ChyronHego announced four major player tracking deals based upon its ZXY Sport Tracking solution. The Japanese National Institute of Fitness and Sports; Danish professional football team FC Midtjylland in conjunction with the University of Aarhus; Norweigan professional football team Tromsö Idrettslag in cooperation with University of Tromsö, as well as Norway's Sogndal Football Club together with Sogn og Fjordane University College, have all chosen to implement the ZXY transponder-based player tracking technology. Also a new customer, the Japanese National Institute of Fitness and Sports has installed the ZXY player tracking technology in its new facility at the Fitness and Sport Center Kanoya. The ZXY system will monitor physical performance characteristics in a range of sports to help students and athletes. The new facility at NIFS is due to be completed in early 2015 and the ZXY tracking technology will be a core infrastructure element in this development. As a new customer, Danish Superliga's professional football team FC Midtjylland, in conjunction with the Universiry of Aarhus, will install the ZXY Player Tracking System at both the MCH Arena and Wunderelf Arena in Ikast for player development and training. The system will provide a means of better optimising players' performance and will help in reducing injuries, as well as strengthen young talent in preparation for the premier league. In addition to the technical and physical benefits, the ZXY system will provide a more precise tactical insight for coaches. As a prior ChyronHego customer, UiT has upgraded to the latest version of the ZXY Sport Tracking System to provide even higher precision to support its scientific research and player development program. As a new customer, Sogndal Football Club and Sogn og Fjordane University College have implemented the latest ZXY system to provide advanced player tracking data for training and matches. The system was also chosen to meet a requirement for collecting high-resolution physiological data in scientific studies of general movement and intensity analysis.

Finnish Broadcaster Nelonen Chooses ChyronHego's Channel Box 2 for Pro1 and Pro2 Sports Channels

ChyronHego announced that Finnish commercial TV channel Nelonen has chosen the company's acclaimed Channel Box 2 Channel Branding & Promo System to incorporate rich branding elements into its Pro1 and Pro2 sports channel programming. The company partner and production house Tuotantotalo Werne will manage the installation, deployment and system playout for both channels. ChyronHego Finland has delivered the Channel Box systems and the first phase of integration is currently in progress. Pro1 and Pro2 are expected to be on air with Channel Box 2 by October 1, 2014. The company is also providing creative services to Nelonen by assisting their graphics department in the creation of fresh channel branding elements.

Celmedia S.A. Signs an Agreement with ChyronHego to Include Virtual Placement Licenses

ChyronHego has announced that Celmedia S.A. has signed an agreement to include multiple ChyronHego Virtual Placement licenses. Celmedia has begun using the virtual graphics solution to create realistic virtual product placement campaigns in cooperation with its customer base of advertisers and major television channels in Chile, Peru, Colombia and Ecuador. In addition to Virtual Placement, Celmedia has also purchased ChyronHego's easy-to-use Paint sports telestration application and is in the early stages of implementation with customers. Using a variety of telestration tools, Paint is used to visually analyze gameplay by graphically enhancing and highlighting video.

ChyronHego Signs Channel Partnership Agreement with CIS Group

ChyronHego announced that the company has signed a channel partnership agreement with CIS Group. In cooperation with ChyronHego sales, CIS Group will further reinforce the region's growing demand for ChyronHego's end-to-end graphics workflow and data visualization solutions for live news and sports production.

ChyronHego Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

ChyronHego Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenues were $14,704,000 compared to $10,716,000 a year ago. This $4.0 million increase was primarily driven by the contribution of services from the 2013 merger with Hego, which included a sale of tracking systems to a European Soccer League. Operating income was $2,965,000 compared to operating loss of $1,850,000 a year ago. Income before taxes was $2,916,000 compared to loss before taxes of $1,984,000 a year ago. Net income was $2,953,000 compared to net loss of $2,077,000 a year ago. Net income attributable to the company was $2,947,000 or $0.08 per diluted share compared to net loss attributable to the company of $2,085,000 or $0.09 per diluted share a year ago. Excluding the mark to market benefit of $2.2 million from revaluation of the contingent consideration, the Company would have reported net income of $0.8 million for the second quarter of 2014. This compares to a net income in second quarter 2013 of $0.5 million, excluding $2.6 million of merger-related expenses and restructuring costs. The cash flow from operations was $300,000. Capital expenditures were $900,000. For the six months, the company's total revenues were $27,325,000 compared to $18,733,000 a year ago. Operating loss was $144,000 compared to $2,659,000 a year ago. Loss before taxes was $389,000 compared to $2,890,000 a year ago. Net loss was $264,000 compared to $2,994,000 a year ago. Net loss attributable to the company was $295,000 or $0.01 per diluted share compared to $3,002,000 or $0.15 per diluted share a year ago. The company expects to see positive impact from their operations in the third quarter financials. The company is expecting growth in revenues to continue in the coming quarters.


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