----

----

| [ x ]                                                                                                                        | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Actof 1934  |
|------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|
|                                                                                                                         |
|             For the quarterly period ended March 31, 2011        |
|                                                                                                                         |
| [   ]                                                                                                         | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Actof 1934 |
|                                                                                                                         |
|             For the transition period from _________to ________. |
|                                                                                                                         |
| Commission File Number 001-09014                                                                                             |
|  Chyron Corporation                                                                                                     |
| (Exact name of registrant as specified in its charter)                                                                       |

| New York                                                       |   | 11-2117385                                 |
|----------------------------------------------------------------|--------|--------------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.)  |
| 5 Hub Drive, Melville, New York                                |   | 11747                                      |
| (Address of principal executive offices)                       |   | (Zip Code)                                 |
|  (631) 845-2000                                           |
| (Registrant's telephone number, including area code)           |

| Large accelerated filer [  ]                                            |   | Accelerated filer [  ] |
|----------------------------------------------------------------------------------------|--------|---------------------------------------|
| Non-accelerated filer [  ](do not check if a smaller reporting company) |   | Smaller reporting company [x]         |

----

| PART I   | FINANCIAL INFORMATION                                                       | Page   |
|----------|-----------------------------------------------------------------------------|--------|
|     |                                                                        |   |
| Item 1.  | Financial Statements                                                        |   |
|     |   Consolidated Balance Sheets as of March 31, 2011 (unaudited)    |   |
|     |     and December 31, 2010                               | 3      |
|     |   Consolidated Statements of Operations (unaudited) for the Three |   |
|     |     Months ended March 31, 2011 and 2010                | 4      |
|     |   Consolidated Statements of Cash Flows (unaudited) for the Three |   |
|     |     Months ended March 31, 2011 and 2010                | 5      |
|     |   Notes to Consolidated Financial Statements (unaudited)          | 6      |
|     |                                                                        |   |
| Item 2.  | Management's Discussion and Analysis of Financial Condition                 |   |
|     |   and Results of Operations                                       | 15     |
|     |                                                                        |   |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                  | 19     |
|     |                                                                        |   |
| Item 4.  | Controls and Procedures                                                     | 20     |
|     |                                                                        |   |
| PART II  | OTHER INFORMATION                                                           |   |
|     |                                                                        |   |
| Item 1.  | Legal Proceedings                                                           | 20     |
|     |                                                                        |   |
| Item 1A. | Risk Factors                                                                | 21     |
|     |                                                                        |   |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                 | 21     |
|     |                                                                        |   |
| Item 3.  | Defaults Upon Senior Securities                                             | 21     |
|     |                                                                        |   |
| Item 4.  | (Removed and Reserved)                                                      | 21     |
|     |                                                                        |   |
| Item 5.  | Other Information                                                           | 21     |
|     |                                                                        |   |
| Item 6.  | Exhibits                                                                    | 22     |
|     |                                                                        |   |

----

|                                                                                                                                                                                                                                                                                                         |   | Unaudited |    |   |         |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                                         |   | March 31, |    |   | December 31, |   |
|                                                  Assets |   | 2011      |    |   | 2010         |   |
| Current assets:                                                                                                                                                                                                                                                                                              |   |      |    |   |         |   |
|   Cash and cash equivalents                                                                                                                                                                                                                                                                        |   | $         | 3,850   |   |         | $      | 5,565 |   |
|   Accounts receivable, net                                                                                                                                                                                                                                                                         |   |      | 4,554   |   |         |   | 4,141 |   |
|   Inventories, net                                                                                                                                                                                                                                                                                 |   |      | 2,312   |   |         |   | 2,218 |   |
|   Deferred taxes                                                                                                                                                                                                                                                                                   |   |      | 2,696   |   |         |   | 2,869 |   |
|   Prepaid expenses and other current assets                                                                                                                                                                                                                                                   |   |      | 1,173   |   |         |   | 775 |   |
|     Total current assets                                                                                                                                                                                                                                                                 |   |      | 14,585  |   |         |   | 15,568 |   |
|                                                                                                                                                                                                                                                                                                         |   |      |    |   |         |   |   |   |
| Property and equipment, net                                                                                                                                                                                                                                                                                  |   |      | 1,452   |   |         |   | 1,575 |   |
| Intangible assets, net                                                                                                                                                                                                                                                                                       |   |      | 736     |   |         |   | 763 |   |
| Goodwill                                                                                                                                                                                                                                                                                                     |   |      | 2,066   |   |         |   | 2,066 |   |
| Deferred taxes                                                                                                                                                                                                                                                                                               |   |      | 17,950  |   |         |   | 17,343 |   |
| Other assets                                                                                                                                                                                                                                                                                            |   |      | 101     |   |         |   | 106 |   |
| TOTAL ASSETS                                                                                                                                                                                                                                                                                                 |   | $         | 36,890  |   |         | $      | 37,421 |   |
|                                                                                                                                                                                                                                                                                                         |   |
| Liabilities and Shareholders' Equity                                                                                                                                                                                                                                                                         |   |
| Current liabilities:                                                                                                                                                                                                                                                                                         |   |      |    |   |         |   |   |   |
|   Accounts payable and accrued expenses                                                                                                                                                                                                                                                            |   | $         | 2,794   |   |         | $      | 3,296 |   |
|   Deferred revenue                                                                                                                                                                                                                                                                                 |   |      | 2,919   |   |         |   | 2,846 |   |
|   Current portion of pension liability                                                                                                                                                                                                                                                             |   |      | 444     |   |         |   | 704 |   |
|   Current portion of term loan                                                                                                                                                                                                                                                                     |   |      | 326     |   |         |   | 326 |   |
|   Capital lease obligations                                                                                                                                                                                                                                                                        |   |      | 34      |   |         |   | 34 |   |
|     Total current liabilities                                                                                                                                                                                                                                                            |   |      | 6,517   |   |         |   | 7,206 |   |
|                                                                                                                                                                                                                                                                                                         |   |      |    |   |         |   |   |   |
| Pension liability                                                                                                                                                                                                                                                                                            |   |      | 1,531   |   |         |   | 1,519 |   |
| Deferred revenue                                                                                                                                                                                                                                                                                             |   |      | 648     |   |         |   | 642 |   |
| Term loan                                                                                                                                                                                                                                                                                                    |   |      | 54      |   |         |   | 136 |   |
| Other liabilities                                                                                                                                                                                                                                                                                            |   |      | 316     |   |         |   | 308 |   |
|     Total liabilities                                                                                                                                                                                                                                                                    |   |      | 9,066   |   |         |   | 9,811 |   |
|                                                                                                                                                                                                                                                                                                         |   |      |    |   |         |   |   |   |
| Commitments and contingencies                                                                                                                                                                                                                                                                                |   |      |    |   |         |   |   |   |
|                                                                                                                                                                                                                                                                                                         |   |      |    |   |         |   |   |   |
| Shareholders' equity:                                                                                                                                                                                                                                                                                        |   |      |    |   |         |   |   |   |
|   Preferred stock, par value $1.00, without designation                                                                                                                                                                                                                                            |   |      |    |   |         |   |   |   |
|    Authorized - 1,000,000 shares, Issued - none                                                                                                                                                                                                                                               |   |      |    |   |         |   |   |   |
|   Common stock, par value $.01                                                                                                                                                                                                                                                                     |   |      |    |   |         |   |   |   |
|    Authorized - 150,000,000 shares                                                                                                                                                                                                                                                            |   |      |    |   |         |   |   |   |
|     Issued and outstanding -  16,384,306 at March 31, 2011                                                                                                                                                                                                                     |   |      |    |   |         |   |   |   |
|        and 16,053,945 at December 31, 2010                                                                                                                                                                                                                      |   |      | 163     |   |         |   | 161 |   |
|   Additional paid-in capital                                                                                                                                                                                                                                                                       |   |      | 82,433  |   |         |   | 81,793 |   |
|   Accumulated deficit                                                                                                                                                                                                                                                                              |   |      | (54,294 | )      |         |   | (53,857 | ) |
|   Accumulated other comprehensive loss                                                                                                                                                                                                                                                             |   |      | (478    | )      |         |   | (487 | ) |
|      Total shareholders' equity                                                                                                                                                                                                                                                     |   |      | 27,824  |   |         |   | 27,610 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                                                                                                                                                                   |   | $         | 36,890  |   |         | $      | 37,421 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2011   |   |   | 2010   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| Product revenues                                                                                                                                                    |   | $      | 5,035  |   |   | $ | 5,360 |   |
| Service revenues                                                                                                                                                    |   |   | 1,545  |   |   |   | 1,512 |   |
| Total revenues                                                                                                                                                      |   |   | 6,580  |   |   |   | 6,872 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Cost of sales                                                                                                                                             |   |   | 1,972  |   |   |   | 2,045 |   |
| Gross profit                                                                                                                                              |   |   | 4,608  |   |   |   | 4,827 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Operating expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
|    Selling, general and administrative                                                                                                     |   |   | 3,874  |   |   |   | 3,626 |   |
|    Research and development                                                                                                                |   |   | 1,619  |   |   |   | 1,658 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Total operating expenses                                                                                                                                  |   |   | 5,493  |   |   |   | 5,284 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Operating loss                                                                                                                                            |   |   | (885   | )      |   |   | (457 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Interest expense                                                                                                                                          |   |   | (12    | )      |   |   | (17 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Other income (loss), net                                                                                                                                  |   |   | 34     |   |   |   | (22 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Loss before taxes                                                                                                                                         |   |   | (863   | )      |   |   | (496 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Income tax benefit (expense), net                                                                                                                         |   |   | 426    |   |   |   | (158 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                                                  |   | $      | (437   | )      |   | $ | (654 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Net loss per share - basic and diluted                                                                                                                    |   | $      | (0.03  | )      |   | $ | (0.04 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
|   Basic                                                                                                                                         |   |   | 16,212 |   |   |   | 15,897 |   |
|   Diluted                                                                                                                                       |   |   | 16,212 |   |   |   | 15,897 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2011   |   |   | 2010   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| Net loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $      | (437   | )      |   | $      | (654 | ) |
| Adjustments to reconcile net loss to net cash from                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |
| operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
|    Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 210    |   |   |   | 255 |   |
|    Deferred income tax (benefit) expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | (434   | )      |   |   | 143 |   |
|    Inventory provisions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 54     |   |   |   | - |   |
|    Share-based payment arrangements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 241    |   |   |   | 405 |   |
|    Shares issued for 401(k) match                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 67     |   |   |   | 66 |   |
|    Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 26     |   |   |   | (9 | ) |
| Changes in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|    Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (413   | )      |   |   | (1,083 | ) |
|    Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | (203   | )      |   |   | 29 |   |
|    Prepaid expenses and other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (394   | )      |   |   | 95 |   |
|    Accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | (191   | )      |   |   | 230 |   |
|    Deferred revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 79     |   |   |   | 181 |   |
|    Other liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (231   | )      |   |   | 151 |   |
| Net cash used in operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (1,626 | )      |   |   | (191 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Acquisitions of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | (61    | )      |   |   | (101 | ) |
| Net cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (61    | )      |   |   | (101 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Proceeds from exercise of stock options                                                                                                     |   |   | 61     |   |   |   | 1 |   |
| Payments on capital lease obligations                                                                                                       |   |   | (8     | )      |   |   | (8 | ) |
| Payments on term loan                                                                                                                       |   |   | (81    | )      |   |   | (81 | ) |
| Net cash used in financing activities                                                                                                       |   |   | (28    | )      |   |   | (88 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Change in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (1,715 | )      |   |   | (380 | ) |
| Cash and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 5,565  |   |   |   | 5,238 |   |
| Cash and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $      | 3,850  |   |   | $      | 4,858 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |

----

----

|                                                            | Three Months Ended    |
|-----------------------------------------------------------------|-----------------------|
|                                                            | March 31,             |
|                                                            | 2011                  | 2010 |
|                                                            |                  |   |
| Weighted average shares which are not included in          |                  |   |
|   the calculation of diluted earnings (loss) per |                  |   |
|   share because their impact is anti-dilutive:        |                  |   |
|      Stock options                     | 3,371                 | 3,317 |
|      Restricted stock units            |    430 |    306 |
|                                                            | 3,801                 | 3,623 |

----

|                                    |   | Three Months Ended |   |
|-----------------------------------------|--------|--------------------|--------|
|                                    |   | March 31,          |   |
|                                    |   | 2011               |   |   | 2010 |   |
| Expected volatility                     |   |               | 72.23  | % |   |   | 82.23 | % |
| Risk-free interest rate                 |   |               | 2.37   | % |   |   | 2.79 | % |
| Expected dividend yield                 |   |               | 0.00   | % |   |   | 0.00 | % |
| Expected life (in years)                |   |               | 6.0    |   |   |   | 6.0 |   |
| Estimated fair value per option granted |   | $                  | 1.36   |   |   | $ | 1.57 |   |

|                                | Number of                                               |
|-------------------------------------|---------------------------------------------------------|
|                                |     Options     |
| Outstanding at January 1, 2011      | 3,411,573                                          |
|   Granted                 | 2,000                                              |
|   Exercised               | (51,668)                                                |
|   Forfeited and cancelled |  (169,606)                                         |
| Outstanding at March 31, 2011       | 3,192,299                                          |

----

|                         | Shares          |
|------------------------------|-----------------|
| Nonvested at January 1, 2011 | 1,869,991  |
| Granted                      | 109,762    |
| Vested                       | (134,989)       |
| Forfeited and cancelled      |  (204,393) |
| Nonvested at March 31, 2011  | 1,640,371  |

|                                |   | Three Months Ended |   |
|-------------------------------------|--------|--------------------|--------|
|                                |   | March 31,          |   |
|                                |   | 2011               |   |   | 2010 |   |
| Cost of sales                       |   | $                  | 24     |   |   | $ | 39 |   |
| Research and development            |   |               | 86     |   |   |   | 128 |   |
| Selling, general and administrative |   |               | 131    |   |   |   | 238 |   |
|                                |   | $                  | 241    |   |   | $ | 405 |   |

----

|             |   | March 31, |   |   | December 31, |   |
|------------------|--------|-----------|--------|--------|--------------|--------|
|             |   | 2011      |   |   | 2010         |   |
| Finished goods   |   | $         | 336    |   |         | $      | 312 |   |
| Work-in-progress |   |      | 364    |   |         |   | 259 |   |
| Raw material     |   |      | 1,612  |   |         |   | 1,647 |   |
|             |   | $         | 2,312  |   |         | $      | 2,218 |   |

|                               |   | 2011   |   |   | 2010   |   |
|------------------------------------|--------|--------|--------|--------|--------|--------|
| Service cost                       |   | $      | 96     |   |   | $      | 101 |   |
| Interest cost                      |   |   | 81     |   |   |   | 82 |   |
| Expected return on plan assets     |   |   | (70    | )      |   |   | (64 | ) |
| Amortization of net loss           |   |   | 5      |   |   |   | 16 |   |
| Amortization of prior service cost |   |   | (6     | )      |   |   | (6 | ) |
|                               |   | $      | 106    |   |   | $      | 129 |   |

----

|                           |   | Three Months Ended |   |
|--------------------------------|--------|--------------------|--------|
|                           |   | March 31,          |   |
|                           |   | 2011               |   |   | 2010 |   |
| Balance at beginning of period |   | $                  | 50     |   |   | $ | 50 |   |
| Provisions                     |   |               | 56     |   |   |   | 4 |   |
| Warranty services provided     |   |               | (56    | ) |   |   | (4 | ) |
|                           |   | $                  | 50     |   |   | $ | 50 |   |

|              |   | Foreign     |   |   |    |   |   | Accumulated   |   |
|-------------------|--------|-------------|--------|--------|---------|--------|--------|---------------|--------|
|              |   | Currency    |   |   | Pension |   |   | Other         |   |
|              |   | Translation |   |   | Benefit |   |   | Comprehensive |   |
|              |   | Adjustments |   |   | Costs   |   |   | Income (Loss) |   |
| January 1, 2011   |   | $           | (25    | )      |    | $      | (462   | )             |   | $ | (487 | ) |
| Change for period |   |        | 9      |   |    |   | -      |          |   |   | 9 |   |
| March 31, 2011    |   | $           | (16    | )      |    | $      | (462   | )             |   | $ | (478 | ) |

----

|                                         |   | March 31, |   |   | December 31, |   |
|----------------------------------------------|--------|-----------|--------|--------|--------------|--------|
|                                         |   | 2011      |   |   | 2010         |   |
| Deferred tax assets:                         |   |      |   |   |         |   |
|   Net operating loss carryforwards |   | $         | 16,802 |   |         | $      | 17,027 |   |
|   Temporary differences            |   |      | 4,584  |   |         |   | 4,074 |   |
|                                         |   |      | 21,386 |   |         |   | 21,101 |   |
| Deferred tax valuation allowance             |   |      | 740    |   |         |   | 889 |   |
|                                         |   | $         | 20,646 |   |         | $      | 20,212 |   |

|                                |   | 2011   |   |   | 2010   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|
| Current:                            |   |   |   |   |   |   |
|    State and foreign |   | $      | (8     | )      |   | $      | (15 | ) |
|                                |   |   |   |   |   |   |   |   |
| Deferred:                           |   |   |   |   |   |   |   |   |
|    State             |   |   | 19     |   |   |   | (6 | ) |
|    Federal           |   |   | 415    |   |   |   | (137 | ) |
|                                |   |   | 434    |   |   |   | (143 | ) |
| Income tax benefit (expense)        |   | $      | 426    |   |   | $      | (158 | ) |

----

----

|          |   | Three Months Ended |   |
|---------------|--------|--------------------|--------|
|          |   | March 31,          |   |
|          |   | 2011               |   |   | 2010 |   |
| United States |   | $                  | 4,921  |   |   | $ | 5,820 |   |
| Europe        |   |               | 1,172  |   |   |   | 433 |   |
| Other         |   |               | 487    |   |   |   | 619 |   |
|          |   | $                  | 6,580  |   |   | $ | 6,872 |   |

----

----

|     |   |   |   |   | % of   |   |   |   |   |   | % of  |   |
|----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|
|     |   | 2011   |   |   | Total  |   |   | 2010   |   |   | Total |   |
| Product  |   | $      | 5,035  |   |   |   | 77     | %      |   | $      | 5,360 |   |   |   | 78 | % |
| Services |   |   | 1,545  |   |   |   | 23     | %      |   |   | 1,512 |   |   |   | 22 | % |
|     |   | $      | 6,580  |   |   |   |   |   |   | $      | 6,872 |   |   |   |   |   |

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|                                     |   | Three Months Ended |   |
|------------------------------------------|--------|--------------------|--------|
|                                     |   | March 31,          |   |
|                                     |   | 2011               |   |   | 2010 |   |
| Foreign exchange transaction gain (loss) |   | $                  | 35     |   |   | $ | (26 | ) |
| Other                                    |   |               | (1     | ) |   |   | 4 |   |
|                                     |   | $                  | 34     |   |   | $ | (22 | ) |

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| Exhibit No. | Description of Exhibit                                                                                                                                                                                                                                                                                                                        |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1        | Fourth Loan Modification Agreement between Silicon Valley Bank and Chyron Corporation dated March 24, 2011 and effective as of March 30, 2011 (previously filed as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on March 25, 2011 (File No. 001-09014) and incorporated herein by reference).  |
| 31.1*       | Certification of Principal Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                            |
| 31.2*       | Certification of Principal Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                            |
| 32.1*       | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                        |
| 32.2*       | Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                        |
|        | *filed herewith                                                                                                                                                                                                                                                                                                                                    |

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|         |   | CHYRON CORPORATION                                                              |
|--------------|--------|---------------------------------------------------------------------------------|
|         |   | (Registrant)                                                                    |
|         |   |                                                                            |
|         |   |                                                                            |
|         |   |                                                                            |
| May 12, 2011 |   | /s/ Michael Wellesley-Wesley                                                    |
| (Date)       |   |      Michael Wellesley-Wesley                          |
|         |   |      President and Chief Executive Officer             |
|         |   |                                                                            |
|         |   |                                                                            |
|         |   |                                                                            |
|         |   |                                                                            |
| May 12, 2011 |   | /s/ Jerry Kieliszak                                                             |
| (Date)       |   |      Jerry Kieliszak                                   |
|         |   |      Senior Vice President and Chief Financial Officer |

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