Monotype Imaging Holdings Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2016. For the quarter, the company's revenue was $48.733 million compared to $46.405 million for the second quarter of 2015. Income from operations was $9.995 million against $10.096 million a year ago. Income before provision for income taxes was $10.510 million against $9.087 million a year ago. Net income was $6.653 million, compared to $5.904 million in the second quarter of 2015. Basic and diluted earnings per share were $0.16, compared to $0.15 in the same period in 2015. Non-GAAP net income was $10.709 million, compared to $9.262 million in the second quarter of 2015. Non-GAAP earnings per diluted share were $0.27 compared to $0.24 in the same period in 2015. Net adjusted EBITDA was $17.091 million against $16.360 million a year ago. Non-GAAP net adjusted EBITDA was $17.1 million, or 35% of revenue, compared to $16.4 million in the second quarter of 2015.

For the six months, the company reported revenue of $98.575 million against $92.451 million a year ago. Income from operations was $19.380 million against $21.223 million a year ago. Income before provision for income taxes was $18.975 million against $20.003 million a year ago. Net income was $12.011 million against $13.261 million a year ago. Net income per diluted common share was $0.29 against $0.33 a year ago. Net adjusted EBITDA was $33.706 million against $32.560 million a year ago. Non-GAAP net income was $20.217 million against $19.592 million a year ago. Non-GAAP earnings per diluted share were $0.51 against $0.50 a year ago.

For the third quarter of 2016, the company expects revenue in the range of $49.0 million to $52.0 million. The company anticipates third quarter 2016 net income in the range of $5.5 million to $7.2 million, non-GAAP net adjusted EBITDA in the range of $16.5 million to $19.0 million, earnings per diluted share in the range of $0.14 to $0.18 and non-GAAP earnings per diluted share in the range of $0.24 to $0.28. Income from operations expected in the range of $9.500 million to $12.000 million. Depreciation and amortization expected to be $2.600 million.

For the full year 2016, the company's guidance to reflect the expected impact of exchange rates on revenue and earnings, which is expected to have a $2.5 million dollar full-year impact on revenue and $1.0 million dollar impact on non-GAAP net adjusted EBITDA. The company now expects revenue in the range of $199.5 million to $205.5 million. The company expects full year 2016 net income in the range of $25.4 million to $28.6 million, non-GAAP net adjusted EBITDA in the range of $71.0 million to $76.0 million, earnings per diluted share in the range of $0.64 to $0.72 and non-GAAP earnings per diluted share in the range of $1.05 to $1.13. The company expects gross profit margins to approximate 81% to 82%. The company is adjusting for its full year guidance due to the devaluation of the pound following the Brexit vote, which the company anticipates will have $2.5 million full year impact on revenue and $1 million impact on non-GAAP net adjusted EBITDA. Income from operations expected in the range of $42.700 million to $47.700 million. Depreciation and amortization expected to be $10.900 million. The company's guidance does not include the impact of its proposed acquisition of Olapic.