Business Wire
Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading global provider of text imaging solutions, today announced financial results for the fourth quarter and full year ended Dec. 31, 2011.
Full year 2011 highlights
2011 revenue was $123.2 million, an increase of 16 percent year-over-year. Non-GAAP net income was $32.6 million, an increase of 18 percent year-over-year. Non-GAAP net adjusted EBITDA was $54.6 million, or 44 percent of revenue, representing a 14 percent increase over 2010. Cash flow from operations was $39.3 million, and total cash exceeded total debt by $16.5 million as of Dec. 31, 2011.Fourth quarter 2011 highlights
Revenue for the quarter was a record $31.7 million, an eight percent increase year-over-year. Operating income was $9.5 million, or 30 percent of revenue. Non-GAAP net adjusted EBITDA was $13.7 million, or 43 percent of revenue, inclusive
Investors also like the firm's online opportunities; less than 10 percent of its business is online—a small amount compared with most of its peers. The company spiffed up its website in an effort to boost online orders, which are cheaper for companies
Broadly, the strategy is looking to allay the security concerns that have slowed the migration of businesses and government services to the Web. For example, the report describes the scenario of a small business looking to open an online store.


