| [ x      ]                                                 | Quarterly      Report Pursuant to Section 13 or 15(d) of the SecuritiesExchange      Act of 1934  |
|------------------------------------------------------------|---------------------------------------------------------------------------------------------------|
|                                                       |
| For      the Quarterly Period Ended September 30, 2009     |
|                                                       |
| [   ]                                       | Transition      Report Pursuant to Section 13 or 15(d) of the SecuritiesExchange      Act of 1934 |
|                                                       |
| For      the transition period from _________to ________.  |
|                                                       |
| Commission      File Number 001-09014                      |
|  Chyron      Corporation                              |
| (Exact      name of registrant as specified in itscharter) |

| 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 areacode)            |

| 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 September 30, 2009 (unaudited) and |   |
|            |     December      31, 2008                                        | 3      |
|            |                                                                                  |   |
|            |   Consolidated      Statements of Operations (unaudited) for the Three      |   |
|            |     Months      ended September 30, 2009 and 2008                 | 4      |
|            |                                                                                  |   |
|            |   Consolidated      Statements of Operations (unaudited) for the Nine       |   |
|            |     Months      ended September 30, 2009 and 2008                 | 5      |
|            |                                                                                  |   |
|            |   Consolidated      Statements of Cash Flows (unaudited) for the Nine       |   |
|            |     Months      ended September 30, 2009 and 2008                 | 6      |
|            |                                                                                  |   |
|            |   Notes      to Consolidated Financial Statements (unaudited)               | 7      |
|            |                                                                                  |   |
| Item      2.    | Management's      Discussion and Analysis of Financial Condition                      |   |
|            |   and      Results of Operations                                            | 17     |
|            |                                                                                  |   |
| Item      3.    | Quantitative      and Qualitative Disclosures About Market Risk                       | 23     |
|            |                                                                                  |   |
| Item      4(T). | Controls      and Procedures                                                          | 23     |
|            |                                                                                  |   |
| PART      II    | OTHER      INFORMATION                                                                |   |
|            |                                                                                  |   |
| Item      1.    | Legal      Proceedings                                                                | 23     |
|            |                                                                                  |   |
| Item      1A.   | Risk      Factors                                                                     | 24     |
|            |                                                                                  |   |
| Item      6.    | Exhibits                                                                              | 24     |
|            |                                                                                  |   |

----

|                                                                                                       |   | Unaudited          |    |   |              |   |
|------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------------|--------|
|                                                                                                       |   | September      30, |    |   | December      31, |   |
| ASSETS                                                                                                     |   | 2009               |    |   | 2008              |   |
| Current      assets:                                                                                       |   |               |    |   |              |   |
|    Cash      and cash equivalents                                                           |   | $                  | 3,971   |   |              | $      | 5,322 |   |
|    Accounts      receivable, net                                                            |   |               | 3,866   |   |              |   | 3,199 |   |
|    Inventories,      net                                                                    |   |               | 2,547   |   |              |   | 2,853 |   |
|    Deferred      taxes                                                                      |   |               | 2,524   |   |              |   | 2,669 |   |
|    Prepaid      expenses and other current assets                                      |   |               | 1,106   |   |              |   | 923 |   |
|      Total      current assets                                                    |   |               | 14,014  |   |              |   | 14,966 |   |
|                                                                                                       |   |               |    |   |              |   |   |   |
| Property      and equipment, net                                                                           |   |               | 2,281   |   |              |   | 1,354 |   |
| Intangible      assets, net                                                                                |   |               | 919     |   |              |   | 1,020 |   |
| Goodwill                                                                                                   |   |               | 2,066   |   |              |   | 2,066 |   |
| Deferred      taxes                                                                                        |   |               | 18,010  |   |              |   | 17,001 |   |
| Other      assets                                                                                          |   |               | 161     |   |              |   | 6 |   |
| TOTAL      ASSETS                                                                                          |   | $                  | 37,451  |   |              | $      | 36,413 |   |
|                                                                                                       |   |               |    |   |              |   |   |   |
| LIABILITIES      AND SHAREHOLDERS' EQUITY                                                                  |   |               |    |   |              |   |   |   |
|                                                                                                       |   |               |    |   |              |   |   |   |
| Current      liabilities:                                                                                  |   |               |    |   |              |   |   |   |
|    Accounts      payable and accrued expenses                                               |   | $                  | 3,211   |   |              | $      | 2,575 |   |
|    Deferred      revenue                                                                    |   |               | 2,317   |   |              |   | 2,089 |   |
|    Current      portion of term loan                                                        |   |               | 326     |   |              |   | 0 |   |
|    Capital      lease obligations                                                           |   |               | 34      |   |              |   | 35 |   |
|      Total      current liabilities                                               |   |               | 5,888   |   |              |   | 4,699 |   |
|                                                                                                       |   |               |    |   |              |   |   |   |
| Pension      liability                                                                                     |   |               | 2,300   |   |              |   | 1,910 |   |
| Deferred      revenue                                                                                      |   |               | 641     |   |              |   | 396 |   |
| Term      loan                                                                                             |   |               | 543     |   |              |   | 0 |   |
| Other      liabilities                                                                                     |   |               | 124     |   |              |   | 74 |   |
|      Total      liabilities                                                       |   |               | 9,496   |   |              |   | 7,079 |   |
|                                                                                                       |   |               |    |   |              |   |   |   |
| 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 -  15,838,466 at September 30, 2009      and |   |               |    |   |              |   |   |   |
|       15,663,675      at December 31, 2008                                   |   |               | 158     |   |              |   | 157 |   |
|   Additional      paid-in capital                                                                |   |               | 79,729  |   |              |   | 78,316 |   |
|   Accumulated      deficit                                                                       |   |               | (51,149 | )      |              |   | (48,344 | ) |
|   Accumulated      other comprehensive loss                                                      |   |               | (783    | )      |              |   | (795 | ) |
|      Total      shareholders' equity                                              |   |               | 27,955  |   |              |   | 29,334 |   |
| TOTAL      LIABILITIES AND SHAREHOLDERS' EQUITY                                                            |   | $                  | 37,451  |   |              | $      | 36,413 |   |

----

|                                                       |   | 2009   |   |   | 2008   |   |
|------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                       |   |   |   |   |   |   |
| Net      sales                                             |   | $      | 6,381  |   |   | $      | 9,305 |   |
| Cost      of products sold                                 |   |   | 2,007  |   |   |   | 2,797 |   |
| Gross      profit                                          |   |   | 4,374  |   |   |   | 6,508 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Operating      expenses:                                   |   |   |   |   |   |   |   |   |
|    Selling,      general and administrative |   |   | 3,603  |   |   |   | 4,146 |   |
|    Research      and development            |   |   | 1,874  |   |   |   | 1,658 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Total      operating expenses                              |   |   | 5,477  |   |   |   | 5,804 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Operating      (loss) income                               |   |   | (1,103 | )      |   |   | 704 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Interest      expense                                      |   |   | (24    | )      |   |   | (27 | ) |
|                                                       |   |   |   |   |   |   |   |   |
| Interest      income                                       |   |   | 1      |   |   |   | 14 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Other      expense, net                                    |   |   | (9     | )      |   |   | (53 | ) |
|                                                       |   |   |   |   |   |   |   |   |
| (Loss)      income before taxes                            |   |   | (1,135 | )      |   |   | 638 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Income      tax benefit, net                               |   |   | 295    |   |   |   | 16,056 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Net      (loss) income                                     |   | $      | (840   | )      |   | $      | 16,694 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Net      (loss) income per share:                          |   |   |   |   |   |   |   |   |
|    Basic                                    |   | $      | (0.05  | )      |   | $      | 1.07 |   |
|    Diluted                                  |   | $      | (0.05  | )      |   | $      | 1.00 |   |
|                                                       |   |   |   |   |   |   |   |   |
| Weighted      average shares outstanding:                  |   |   |   |   |   |   |   |   |
|    Basic                                    |   |   | 15,788 |   |   |   | 15,641 |   |
|    Diluted                                  |   |   | 15,788 |   |   |   | 16,713 |   |

----

|                                                 |   | 2009   |   |   | 2008   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |
| Net      sales                                       |   | $      | 18,432 |   |   | $      | 27,652 |   |
| Cost      of products sold                           |   |   | 5,860  |   |   |   | 8,004 |   |
| Gross      profit                                    |   |   | 12,572 |   |   |   | 19,648 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Operating      expenses:                             |   |   |   |   |   |   |   |   |
|   Selling,      general and administrative |   |   | 10,629 |   |   |   | 12,756 |   |
|   Research      and development            |   |   | 5,544  |   |   |   | 4,861 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Total      operating expenses                        |   |   | 16,173 |   |   |   | 17,617 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Operating      (loss) income                         |   |   | (3,601 | )      |   |   | 2,031 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Interest      expense                                |   |   | (38    | )      |   |   | (73 | ) |
|                                                 |   |   |   |   |   |   |   |   |
| Interest      income                                 |   |   | 1      |   |   |   | 52 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Other      (expense) income, net                     |   |   | (8     | )      |   |   | 32 |   |
|                                                 |   |   |   |   |   |   |   |   |
| (Loss)      income before taxes                      |   |   | (3,646 | )      |   |   | 2,042 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Income      tax benefit, net                         |   |   | 841    |   |   |   | 16,016 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Net      (loss) income                               |   | $      | (2,805 | )      |   | $      | 18,058 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Net      (loss) income per share:                    |   |   |   |   |   |   |   |   |
|    Basic                              |   | $      | (0.18  | )      |   | $      | 1.16 |   |
|    Diluted                            |   | $      | (0.18  | )      |   | $      | 1.08 |   |
|                                                 |   |   |   |   |   |   |   |   |
| Weighted      average shares outstanding:            |   |   |   |   |   |   |   |   |
|    Basic                              |   |   | 15,736 |   |   |   | 15,566 |   |
|    Diluted                            |   |   | 15,736 |   |   |   | 16,644 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2009   |   |   | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |
| Net      (loss) income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $      | (2,805 | )      |   | $      | 18,058 |   |
| Adjustments      to reconcile net (loss) income to net cash from                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
|  operating      activities, net of acquisition:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
|    Deferred      tax asset allowance reversal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 0      |   |   |   | (16,884 | ) |
|    Deferred      income tax (benefit) expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | (864   | )      |   |   | 782 |   |
|    Depreciation      and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 720    |   |   |   | 689 |   |
|    Inventory      provisions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 154    |   |   |   | 87 |   |
|    Share-based      compensation expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 1,196  |   |   |   | 725 |   |
|    Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 207    |   |   |   | 17 |   |
| Changes      in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |
|    Accounts      receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | (667   | )      |   |   | (269 | ) |
|    Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 152    |   |   |   | (377 | ) |
|    Prepaid      expenses and other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | (348   | )      |   |   | (520 | ) |
|    Accounts      payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 636    |   |   |   | (1,642 | ) |
|    Deferred      revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 474    |   |   |   | 220 |   |
|    Pension      liability                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 390    |   |   |   | (623 | ) |
| Net      cash (used in) provided by operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | (755   | )      |   |   | 263 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |
| Acquisitions      of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | (1,475 | )      |   |   | (755 | ) |
| Disposal      of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 11     |   |   |   | 0 |   |
| Acquisition      of AXIS graphics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 0      |   |   |   | (1,063 | ) |
| Net      cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | (1,464 | )      |   |   | (1,818 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |
| Proceeds      from term      loan                                                                                                                     |   |   | 977    |   |   |   | 0 |   |
| Proceeds      from exercise of stock      options                                                                                                     |   |   | 35     |   |   |   | 222 |   |
| Payments      on term      loan                                                                                                                       |   |   | (109   | )      |   |   | 0 |   |
| Payments      on capital lease obligations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | (35    | )      |   |   | (26 | ) |
| Net      cash provided by financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | 868    |   |   |   | 196 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| Change      in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | (1,351 | )      |   |   | (1,359 | ) |
| Cash      and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 5,322  |   |   |   | 6,290 |   |
| Cash      and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $      | 3,971  |   |   | $      | 4,931 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL      CASH FLOW INFORMATION:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |
|    Interest      paid during the period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $      | 27     |   |   | $      | 43 |   |
|    Stock      issued for 401(k) match                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 185    |   |   |   | 0 |   |
|    Assets      acquired under capital lease                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 84     |   |   |   | 0 |   |
|    Restricted      stock issued for acquisition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | 0      |   |   |   | 1,027 |   |
|    Promissory      note issued for acquisition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 0      |   |   |   | 1,000 |   |

----

----

|                                                                    | Three      Months                                       | Nine      Months    |
|-------------------------------------------------------------------------|---------------------------------------------------------|---------------------|
|                                                                    | Ended    September  30,                       | Ended September 30, |
|                                                                    | 2009                                                    | 2008                | 2009 | 2008      |
| Basic      weighted average shares outstanding                          | 15,788                                                  | 15,641              | 15,736 | 15,566 |
|   Effect      of dilutive stock options                       |          - |   1,072   |          - |   1,078 |
| Diluted      weighted average shares outstanding                        | 15,788                                                  | 16,713              | 15,736 | 16,644 |
|                                                                    |                                                    |                |   |   |
| Weighted      average shares which are not included                |                                                    |                |   |   |
|   in      the calculation of diluted net income (loss)   |                                                    |                |   |   |
|   per      share because their impact is anti-dilutive        |                                                    |                |   |   |
|      Stock      options                        | 3,763                                                   | 697                 | 3,393 | 500 |

|                                         |   | Three      Months   |   |   | Nine      Months    |   |
|----------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                         |   | Ended September 30, |   |   | Ended September 30, |   |
|                                         |   | 2009                |   |   | 2008                |   |   | 2009 |   |   | 2008 |   |
| Expected      volatility                     |   |                | 89.13  | %      |                |   | 104.9 | % |   |   | 92.18 | % |   |   | 106.3 | % |
| Risk-free      interest rate                 |   |                | 2.86   | %      |                |   | 3.40 | % |   |   | 2.36 | % |   |   | 3.03 | % |
| Expected      dividend yield                 |   |                | 0.0    | %      |                |   | 0.0 | % |   |   | 0.0 | % |   |   | 0.0 | % |
| Expected      life (in years)                |   |                | 6.0    |   |                |   | 6.0 |   |   |   | 6.0 |   |   |   | 6.0 |   |
| Estimated      fair value per option granted |   | $                   | 0.97   |   |                | $      | 4.82 |   |   | $ | 0.99 |   |   | $ | 4.50 |   |

----

|                                     |   | Three      Months   |   |   | Nine      Months    |   |
|------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                     |   | Ended September 30, |   |   | Ended September 30, |   |
|                                     |   | 2009                |   |   | 2008                |   |   | 2009 |   |   | 2008 |   |
| Cost      of products sold               |   | $                   | 42     |   |                | $      | 33 |   |   | $ | 131 |   |   | $ | 71 |   |
| Research      and development            |   |                | 147    |   |                |   | 74 |   |   |   | 455 |   |   |   | 233 |   |
| Selling,      general and administrative |   |                | 194    |   |                |   | 65 |   |   |   | 610 |   |   |   | 421 |   |
|                                     |   | $                   | 383    |   |                | $      | 172 |   |   | $ | 1,196 |   |   | $ | 725 |   |

|                |   | September      30, |   |   | December      31, |   |
|---------------------|--------|--------------------|--------|--------|-------------------|--------|
|                |   | 2009               |   |   | 2008              |   |
| Finished      goods |   | $                  | 609    |   |              | $      | 410 |   |
| Work-in-progress    |   |               | 275    |   |              |   | 323 |   |
| Raw      materials  |   |               | 1,663  |   |              |   | 2,120 |   |
|                |   | $                  | 2,547  |   |              | $      | 2,853 |   |

| Fixed      assets      |   | $      | 41    |   |
|------------------------|--------|--------|-------|--------|
| Intangible      assets |   |   | 1,142 |   |
| Goodwill               |   |   | 2,066 |   |
|                   |   | $      | 3,249 |   |

----

|                                 |   | Gross  |   |   | Accumulated  |   |   | Net    |   | Estimated   |
|--------------------------------------|--------|--------|--------|--------|--------------|--------|--------|--------|--------|-------------|
|                                 |   | Amount |   |   | Amortization |   |   | Amount |   | Useful Life |
| Tradenames                           |   | $      | 304    |   |         | $      | 35     |   |   | $           | 269 |   | 15      years |
| Proprietary      technology          |   |   | 620    |   |         |   | 109    |   |   |        | 511 |   | 10      years |
| Non-compete      agreement           |   |   | 25     |   |         |   | 15     |   |   |        | 10 |   | 3      years |
| Customer      relationships          |   |   | 170    |   |         |   | 61     |   |   |        | 109 |   | 10      years |
| Domain      name and related website |   |   | 23     |   |         |   | 3      |   |   |        | 20 |   | 15      years |
|                                 |   | $      | 1,142  |   |         | $      | 223    |   |   | $           | 919 |   |   |

----

----

|                                    |   | Three      Months   |   |   | Nine      Months    |   |
|-----------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                    |   | Ended September 30, |   |   | Ended September 30, |   |
|                                    |   | 2009                |   |   | 2008                |   |   | 2009 |   |   | 2008 |   |
| Service      cost                       |   | $                   | 97     |   |                | $      | 99 |   |   | $ | 303 |   |   | $ | 311 |   |
| Interest      cost                      |   |                | 96     |   |                |   | 95 |   |   |   | 246 |   |   |   | 223 |   |
| Expected      return on plan assets     |   |                | (50    | )      |                |   | (111 | ) |   |   | (192 | ) |   |   | (211 | ) |
| Amortization      of prior service cost |   |                | (6     | )      |                |   | (1 | ) |   |   | (18 | ) |   |   | (19 | ) |
| Amortization      of prior loss         |   |                | 51     |   |                |   | - |   |   |   | 51 |   |   |   | - |   |
|                                    |   | $                   | 188    |   |                | $      | 82 |   |   | $ | 390 |   |   | $ | 304 |   |

|                                |   | Three      Months   |   |   | Nine      Months    |   |
|-------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                |   | Ended September 30, |   |   | Ended September 30, |   |
|                                |   | 2009                |   |   | 2008                |   |   | 2009 |   |   | 2008 |   |
| Balance      at beginning of period |   | $                   | 50     |   |                | $      | 50 |   |   | $ | 50 |   |   | $ | 50 |   |
| Provisions                          |   |                | 51     |   |                |   | 41 |   |   |   | 90 |   |   |   | 87 |   |
| Warranty      services provided     |   |                | (51    | )      |                |   | (41 | ) |   |   | (90 | ) |   |   | (87 | ) |
|                                |   | $                   | 50     |   |                | $      | 50 |   |   | $ | 50 |   |   | $ | 50 |   |

----

|                    |   | Foreign     |   |   |    |   |   | Accumulated   |   |
|-------------------------|--------|-------------|--------|--------|---------|--------|--------|---------------|--------|
|                    |   | Currency    |   |   | Pension |   |   | Other         |   |
|                    |   | Translation |   |   | Benefit |   |   | Comprehensive |   |
|                    |   | Adjustments |   |   | Costs   |   |   | Income        |   |
| January      1, 2009    |   | $           | (23    | )      |    | $      | (772   | )             |   | $ | (795 | ) |
| Change      for period  |   |        | (8     | )      |    |   | -      |          |   |   | (8 | ) |
| March      31, 2009     |   |        | (31    | )      |    |   | (772   | )             |   |   | (803 | ) |
| Change      for period  |   |        | 22     |   |    |   | -      |          |   |   | 22 |   |
| June      30, 2009      |   |        | (9     | )      |    |   | (772   | )             |   |   | (781 | ) |
| Change      for period  |   |        | (2     | )      |    |   | -      |          |   |   | (2 | ) |
| September      30, 2009 |   | $           | (11    | )      |    | $      | (772   | )             |   | $ | (783 | ) |

|                                                    |   | September      30, |   |   | December      31, |   |
|---------------------------------------------------------|--------|--------------------|--------|--------|-------------------|--------|
|                                                    |   | 2009               |   |   | 2008              |   |
| Deferred      tax assets:                               |   |               |   |   |              |   |
|    Net      operating loss carryforwards |   | $                  | 17,722 |   |              | $      | 16,648 |   |
|    Temporary      differences            |   |               | 3,565  |   |              |   | 3,608 |   |
|                                          |   |               | 21,287 |   |              |   | 20,256 |   |
|    Deferred      tax valuation allowance |   |               | 753    |   |              |   | 586 |   |
|                                                    |   | $                  | 20,534 |   |              | $      | 19,670 |   |

----

|                                     |   | Three      Months   |   |   | Nine      Months    |   |
|------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                     |   | Ended September 30, |   |   | Ended September 30, |   |
|                                     |   | 2009                |   |   | 2008                |   |   | 2009 |   |   | 2008 |   |
| Current:                                 |   |                |   |   |                |   |   |   |   |   |   |   |
|    State      and foreign |   | $                   | 3      |   |                | $      | (21 | ) |   | $ | (23 | ) |   | $ | (36 | ) |
|    Federal                |   |                |   |   |                |   | (25 | ) |   |   | - |   |   |   | (50 | ) |
|                                     |   |                | 3      |   |                |   | (46 | ) |   |   | (23 | ) |   |   | (86 | ) |
|                                     |   |                |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Deferred:                                |   |                |   |   |                |   |   |   |   |   |   |   |   |   |   |   |
|    State                  |   |                | 20     |   |                |   | - |   |   |   | 45 |   |   |   | - |   |
|    Federal                |   |                | 272    |   |                |   | (305 | ) |   |   | 819 |   |   |   | (782 | ) |
|                                     |   |                | 292    |   |                |   | (305 | ) |   |   | 864 |   |   |   | (782 | ) |
| Reversal      of valuation allowance     |   |                | -      |   |                |   | 16,407 |   |   |   | - |   |   |   | 16,884 |   |
| Income      tax benefit                  |   | $                   | 295    |   |                | $      | 16,056 |   |   | $ | 841 |   |   | $ | 16,016 |   |

| ·   | Level      1: Quoted prices (unadjusted) in active markets that are accessible at the      measurement date for assets or liabilities. The fair value hierarchy gives      the highest priority to Level 1inputs. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level      2:  Observable prices that are based on inputs not quoted on      active markets, but corroborated by marketdata. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level      3:  Unobservable inputs are used when little or no market data      is available. The fair value hierarchy gives the lowest priority to Level      3 inputs. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                  | Fair      Value Measurement at                                                                                                                                                                                         |                                         |
|---------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------|
|                                                                                                                                  |                 September      30, 2009      Using               |                                         |
|                                                                                                                                  | Quoted                                                                                                                                                                                                                 | Significant                                  |   | Total |
|                                                                                                                                  | Prices      in                                                                                                                                                                                                         | Other                                        | Significant | Carrying |
|                                                                                                                                  | Active                                                                                                                                                                                                                 | Observable                                   | Unobservable | Value      at |
|                                                                                                                                  | Markets                                                                                                                                                                                                                | Inputs                                       | Inputs | September      30, |
|             (In      thousands)        |   (Level      1)                                                                                                                                                                                   |    (Level      2)   |      (Level      3)    |     2009     |
|                                                                                                                                  |                                                                                                                                                                                                                   |                                         |   |   |
|    Cash      and cash equivalents                                                                                      | $3,971                                                                                                                                                                                                                 | $    -                   | $    - | $3,971 |

----

|               |   | Three      Months   |   |   | Nine      Months    |   |
|--------------------|--------|---------------------|--------|--------|---------------------|--------|
|               |   | Ended September 30, |   |   | Ended September 30, |   |
|               |   | 2009                |   |   | 2008                |   |   | 2009 |   |   | 2008 |   |
| United      States |   | $                   | 4,550  |   |                | $      | 7,150 |   |   | $ | 13,977 |   |   | $ | 21,060 |   |
| Europe             |   |                | 1,266  |   |                |   | 1,011 |   |   |   | 3,006 |   |   |   | 2,828 |   |
| Rest      of world |   |                | 565    |   |                |   | 1,144 |   |   |   | 1,449 |   |   |   | 3,764 |   |

----

----

----

|                                   |   | Three      Months   |   |   | Nine      Months    |   |
|----------------------------------------|--------|---------------------|--------|--------|---------------------|--------|
|                                   |   | Ended September 30, |   |   | Ended September 30, |   |
|                                   |   | 2009                |   |   | 2008                |   |   | 2009 |   |   | 2008 |   |
| Foreign      exchange transaction loss |   | $                   | (9     | )      |                | $      | (75 | )  |   | $ | (13 | ) |   | $ | (19 | ) |
| Sublease      income                   |   |                | 0      |   |                |   | 14 |   |   |   | 0 |   |   |   | 43 |   |
| Other                                  |   |                | 0      |   |                |   | 8 |   |   |   | 5 |   |   |   | 8 |   |
|                                   |   | $                   | (9     | )      |                | $      | (53 | ) |   | $ | (8 | ) |   | $ | 32 |   |

----

----

----

----

----

| Exhibit No. | Description of Exhibit                                                                                                                                                                                            |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |                                                                                                                                                                                                              |
| 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 and Principal Financial Officer pursuant to      18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002.             |

|                   |   | CHYRON      CORPORATION           |
|------------------------|--------|-----------------------------------|
|                   |   | (Registrant)                      |
|                   |   |                              |
|                   |   |                              |
| November      10, 2009 |   | /s/      Michael Wellesley-Wesley |
| (Date)                 |   | Michael      Wellesley-Wesley     |
|                   |   | President      and                |
|                   |   | Chief      Executive Officer      |
|                   |   |                              |
| November      10, 2009 |   | /s/      Jerry Kieliszak          |
| (Date)                 |   | Jerry      Kieliszak              |
|                   |   | Chief      Financial Officer and  |
|                   |   | Senior      Vice President        |