----

----

| [ x ]                                                                                                                        | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Actof 1934  |
|------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|
|                                                                                                                         |
|             For the quarterly period ended March 31, 2012        |
|                                                                                                                         |
| [   ]                                                                                                         | 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, 2012 (unaudited)    |   |
|     |     and December 31, 2011                               | 3      |
|     |   Consolidated Statements of Operations (unaudited) for the Three |   |
|     |     Months ended March 31, 2012 and 2011                | 4      |
|     |   Consolidated Statements of Comprehensive Loss (unaudited)       |   |
|     |     for the Three Months ended March 31, 2012 and 2011  | 5      |
|     |   Consolidated Statements of Cash Flows (unaudited) for the Three |   |
|     |     Months ended March 31, 2012 and 2011                | 6      |
|     |   Notes to Consolidated Financial Statements (unaudited)          | 7      |
|     |                                                                        |   |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition           |   |
|     |   and Results of Operations                                       | 14     |
|     |                                                                        |   |
| 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                                                                | 20     |
|     |                                                                        |   |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                 | 20     |
|     |                                                                        |   |
| Item 3.  | Defaults Upon Senior Securities                                             | 20     |
|     |                                                                        |   |
| Item 4.  | Mine Safety Disclosures                                                     | 20     |
|     |                                                                        |   |
| Item 5.  | Other Information                                                           | 20     |
|     |                                                                        |   |
| Item 6.  | Exhibits                                                                    | 21     |
|     |                                                                        |   |

----

|                                                                                |   | Unaudited |    |   |         |   |
|-------------------------------------------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                                                                |   | March 31, |    |   | December 31, |   |
| Assets                                                                              |   | 2012      |    |   | 2011         |   |
| Current assets:                                                                     |   |      |    |   |         |   |
|   Cash and cash equivalents                                               |   | $         | 2,735   |   |         | $      | 4,216 |   |
|   Accounts receivable, net                                                |   |      | 5,378   |   |         |   | 5,727 |   |
|   Inventories, net                                                        |   |      | 2,124   |   |         |   | 2,132 |   |
|   Deferred taxes                                                          |   |      | 2,463   |   |         |   | 2,508 |   |
|   Prepaid expenses and other current assets                          |   |      | 835     |   |         |   | 792 |   |
|     Total current assets                                        |   |      | 13,535  |   |         |   | 15,375 |   |
|                                                                                |   |      |    |   |         |   |   |   |
| Property and equipment, net                                                         |   |      | 1,512   |   |         |   | 1,620 |   |
| Intangible assets, net                                                              |   |      | 633     |   |         |   | 658 |   |
| Goodwill                                                                            |   |      | 2,066   |   |         |   | 2,066 |   |
| Deferred taxes                                                                      |   |      | 16,171  |   |         |   | 15,994 |   |
| Other assets                                                                   |   |      | 97      |   |         |   | 93 |   |
| TOTAL ASSETS                                                                        |   | $         | 34,014  |   |         | $      | 35,806 |   |
|                                                                                |   |
| Liabilities and Shareholders’ Equity                                          |   |      |    |   |         |   |   |   |
| Current liabilities:                                                                |   |      |    |   |         |   |   |   |
|   Accounts payable and accrued expenses                                   |   | $         | 3,016   |   |         | $      | 3,847 |   |
|   Deferred revenue                                                        |   |      | 3,138   |   |         |   | 3,203 |   |
|   Current portion of pension liability                                    |   |      | 528     |   |         |   | 783 |   |
|   Current portion of term loan                                            |   |      | 54      |   |         |   | 135 |   |
|   Capital lease obligations                                               |   |      | 38      |   |         |   | 38 |   |
|     Total current liabilities                                   |   |      | 6,774   |   |         |   | 8,006 |   |
|                                                                                |   |      |    |   |         |   |   |   |
| Pension liability                                                                   |   |      | 2,589   |   |         |   | 2,664 |   |
| Deferred revenue                                                                    |   |      | 886     |   |         |   | 765 |   |
| Other liabilities                                                                   |   |      | 334     |   |         |   | 329 |   |
|     Total liabilities                                           |   |      | 10,583  |   |         |   | 11,764 |   |
|                                                                                |   |      |    |   |         |   |   |   |
| Commitments and contingencies                                                       |   |      |    |   |         |   |   |   |
|                                                                                |   |      |    |   |         |   |   |   |
| Shareholders’ equity:                                                         |   |      |    |   |         |   |   |   |
|   Preferred stock, par value without designation                          |   |      |    |   |         |   |   |   |
|    Authorized - 1,000,000 shares, Issued - none                      |   |      |    |   |         |   |   |   |
|   Common stock, par value $.01                                            |   |      |    |   |         |   |   |   |
|    Authorized - 150,000,000 shares                                   |   |      |    |   |         |   |   |   |
|     Issued and outstanding – 16,846,062 at March 31, 2012 |   |      |    |   |         |   |   |   |
|        and 16,639,704 at December 31, 2011       |   |      | 168     |   |         |   | 166 |   |
|   Additional paid-in capital                                              |   |      | 83,735  |   |         |   | 83,407 |   |
|   Accumulated deficit                                                     |   |      | (59,054 | )      |         |   | (58,103 | ) |
|   Accumulated other comprehensive loss                                    |   |      | (1,418  | )      |         |   | (1,428 | ) |
|      Total shareholders’ equity                      |   |      | 23,431  |   |         |   | 24,042 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                    |   | $         | 34,014  |   |         | $      | 35,806 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2012                    | 2011  |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------|------------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |
| Product revenues                                                                                                                                          |   | $                                                                                                                 | 5,802      |   |   | $ | 5,035 |   |   |
| Service revenues                                                                                                                                          |   |                                                                                                              | 2,075      |   |   |   | 1,545 |   |   |
| Total revenues                                                                                                                                            |   |                                                                                                              | 7,877      |   |   |   | 6,580 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Cost of sales                                                                                                                                             |   |                                                                                                              | 2,335      |   |   |   | 1,972 |   |   |
| Gross profit                                                                                                                                              |   |                                                                                                              | 5,542      |   |   |   | 4,608 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Operating expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                              |       |   |   |   |   |   |   |
|    Selling, general and administrative                                                                                                     |   |                                                                                                              | 4,685      |   |   |   | 3,874 |   |   |
|    Research and development                                                                                                                |   |                                                                                                              | 1,931      |   |   |   | 1,619 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Total operating expenses                                                                                                                                  |   |                                                                                                              | 6,616      |   |   |   | 5,493 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Operating loss                                                                                                                                            |   |                                                                                                              | (1,074     | )      |   |   | (885 | ) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Interest expense                                                                                                                                          |   |                                                                                                              | (5         | )      |   |   | (12 | ) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Other income, net                                                                                                                                         |   |                                                                                                              | 7          |   |   |   | 34 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Loss before taxes                                                                                                                                         |   |                                                                                                              | (1,072     | )      |   |   | (863 | ) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Income tax benefit                                                                                                                                        |   |                                                                                                              | 121        |   |   |   | 426 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Net loss                                                                                                                                                  |   | $                                                                                                                 | (951       | )      |   | $ | (437 | ) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Net loss per share - basic and diluted                                                                                                                    |   | $                                                                                                                 | (0.06      | )      |   | $ | (0.03 | ) |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
| Weighted average shares outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |   |   |   |
|   Basic                                                                                                                                         |   |                                                                                                              | 16,807     |   |   |   | 16,212 |   |   |
|   Diluted                                                                                                                                       |   |                                                                                                              | 16,807     |   |   |   | 16,212 |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                                                                              |       |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2012   |   |   | 2011   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |
| Net loss                                                                                                                                    |   | $      | (951   | )      |   | $      | (437 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Other comprehensive income, net of tax:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|    Foreign currency translation adjustment                                                                                   |   |   | 10     |   |   |   | 9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Comprehensive loss                                                                                                                          |   | $      | (941   | )      |   | $      | (428 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2012   |   |   | 2011   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| Net loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $      | (951   | )      |   | $      | (437 | ) |
| Adjustments to reconcile net loss to net cash from                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |
| operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
|    Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 211    |   |   |   | 210 |   |
|    Deferred income tax benefit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | (133   | )      |   |   | (434 | ) |
|    Inventory provisions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 10     |   |   |   | 54 |   |
|    Share-based payment arrangements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 304    |   |   |   | 241 |   |
|    Shares issued for 401(k) match                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 78     |   |   |   | 67 |   |
|    Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 33     |   |   |   | 26 |   |
| Changes in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|    Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 349    |   |   |   | (413 | ) |
|    Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | (2     | )      |   |   | (203 | ) |
|    Prepaid expenses and other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (48    | )      |   |   | (394 | ) |
|    Accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | (903   | )      |   |   | (191 | ) |
|    Deferred revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 56     |   |   |   | 79 |   |
|    Other liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (316   | )      |   |   | (231 | ) |
| Net cash used in operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (1,312 | )      |   |   | (1,626 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Acquisitions of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | (79    | )      |   |   | (61 | ) |
| Net cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (79    | )      |   |   | (61 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Proceeds from exercise of stock options                                                                                                     |   |   | -      |   |   |   | 61 |   |
| Payments on capital lease obligations                                                                                                       |   |   | (9     | )      |   |   | (8 | ) |
| Payments on term loan                                                                                                                       |   |   | (81    | )      |   |   | (81 | ) |
| Net cash used in financing activities                                                                                                       |   |   | (90    | )      |   |   | (28 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Change in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (1,481 | )      |   |   | (1,715 | ) |
| Cash and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 4,216  |   |   |   | 5,565 |   |
| Cash and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $      | 2,735  |   |   | $      | 3,850 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |

----

----

|                                                                            | Three Months Ended    |
|---------------------------------------------------------------------------------|-----------------------|
|                                                                            | March 31,             |
|                                                                            | 2012                  | 2011 |
| Weighted average shares which are not included in the                      |                  |   |
|   calculation of diluted earnings (loss) per share because their |                  |   |
|   impact is anti-dilutive:                                            |                  |   |
|        Stock options                         | 3,174                 | 3,371 |
|        Restricted stock units                |    556 |    430 |
|                                                                            | 3,730                 | 3,801 |

----

|                                    |   | Three Months Ended |   |
|-----------------------------------------|--------|--------------------|--------|
|                                    |   | March 31,          |   |
|                                    |   | 2012               |   |   | 2011 |   |
| Expected volatility                     |   |               | 69.82  | % |   |   | 72.23 | % |
| Risk-free interest rate                 |   |               | 1.48   | % |   |   | 2.37 | % |
| Expected dividend yield                 |   |               | 0.00   | % |   |   | 0.00 | % |
| Expected life (in years)                |   |               | 6.0    |   |   |   | 6.0 |   |
| Estimated fair value per option granted |   | $                  | 1.01   |   |   | $ | 1.36 |   |

|                                | Number of                                               |
|-------------------------------------|---------------------------------------------------------|
|                                |     Options     |
| Outstanding at January 1, 2012      | 3,224,879                                          |
|   Granted                 | 1,011,750                                          |
|   Forfeited and cancelled |     (83,848)                        |
| Outstanding at March 31, 2012       | 4,152,781                                          |

|                         | Shares                                          |
|------------------------------|-------------------------------------------------|
| Nonvested at January 1, 2012 | 528,443                                    |
| Granted                      | 152,328                                    |
| Vested                       | (126,097)                                       |
| Forfeited and cancelled      |        (394) |
| Nonvested at March 31, 2012  |  554,280                              |

----

|                                |   | Three Months Ended |   |
|-------------------------------------|--------|--------------------|--------|
|                                |   | March 31,          |   |
|                                |   | 2012               |   |   | 2011 |   |
| Cost of sales                       |   | $                  | 19     |   |   | $ | 24 |   |
| Research and development            |   |               | 96     |   |   |   | 86 |   |
| Selling, general and administrative |   |               | 189    |   |   |   | 131 |   |
|                                |   | $                  | 304    |   |   | $ | 241 |   |

|             |   | March 31, |   |   | December 31, |   |
|------------------|--------|-----------|--------|--------|--------------|--------|
|             |   | 2012      |   |   | 2011         |   |
| Finished goods   |   | $         | 262    |   |         | $      | 653 |   |
| Work-in-progress |   |      | 313    |   |         |   | 170 |   |
| Raw material     |   |      | 1,549  |   |         |   | 1,309 |   |
|             |   | $         | 2,124  |   |         | $      | 2,132 |   |

----

|                               |   | 2012   |   |   | 2011   |   |
|------------------------------------|--------|--------|--------|--------|--------|--------|
| Service cost                       |   | $      | 130    |   |   | $      | 96 |   |
| Interest cost                      |   |   | 88     |   |   |   | 81 |   |
| Expected return on plan assets     |   |   | (87    | )      |   |   | (70 | ) |
| Amortization of net loss           |   |   | 41     |   |   |   | 5 |   |
| Amortization of prior service cost |   |   | (2     | )      |   |   | (6 | ) |
|                               |   | $      | 170    |   |   | $      | 106 |   |

----

|                           |   | Three Months Ended |   |
|--------------------------------|--------|--------------------|--------|
|                           |   | March 31,          |   |
|                           |   | 2012               |   |   | 2011 |   |
| Balance at beginning of period |   | $                  | 50     |   |   | $ | 50 |   |
| Provisions                     |   |               | 34     |   |   |   | 56 |   |
| Warranty services provided     |   |               | (34    | ) |   |   | (56 | ) |
|                           |   | $                  | 50     |   |   | $ | 50 |   |

|                                         |   | March 31, |   |   | December 31, |   |
|----------------------------------------------|--------|-----------|--------|--------|--------------|--------|
|                                         |   | 2012      |   |   | 2011         |   |
| Deferred tax assets:                         |   |      |   |   |         |   |
|   Net operating loss carryforwards |   | $         | 16,960 |   |         | $      | 16,728 |   |
|   Inventory                        |   |      | 1,739  |   |         |   | 1,736 |   |
|   Other liabilities                |   |      | 2,284  |   |         |   | 2,229 |   |
|   Fixed assets                     |   |      | 457    |   |         |   | 452 |   |
|   Other temporary differences      |   |      | 462    |   |         |   | 625 |   |
|                                         |   |      | 21,902 |   |         |   | 21,770 |   |
| Deferred tax valuation allowance             |   |      | 3,268  |   |         |   | 3,268 |   |
|                                         |   | $         | 18,634 |   |         | $      | 18,502 |   |

|                                |   | 2012   |   |   | 2011   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|
| Current:                            |   |   |   |   |   |   |
|    State and foreign |   | $      | (12    | )      |   | $      | (8 | ) |
|                                |   |   |   |   |   |   |   |   |
| Deferred:                           |   |   |   |   |   |   |   |   |
|    State             |   |   | 9      |   |   |   | 19 |   |
|    Federal           |   |   | 124    |   |   |   | 415 |   |
|                                |   |   | 133    |   |   |   | 434 |   |
| Income tax benefit                  |   | $      | 121    |   |   | $      | 426 |   |

----

----

|                                  |   | Three Months Ended |   |
|---------------------------------------|--------|--------------------|--------|
|                                  |   | March 31,          |   |
|                                  |   | 2012               |   |   | 2011 |   |
| North America                         |   | $                  | 5,672  |   |   | $ | 4,935 |   |
| Europe, Middle East and Africa (EMEA) |   |               | 1,001  |   |   |   | 1,187 |   |
| Latin America                         |   |               | 772    |   |   |   | 351 |   |
| Asia                                  |   |               | 432    |   |   |   | 107 |   |
|                                  |   | $                  | 7,877  |   |   | $ | 6,580 |   |

----

----

|     |   |   |   |   | % of   |   |   |   |   |   | % of  |   |
|----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-------|--------|
|     |   | 2012   |   |   | Total  |   |   | 2011   |   |   | Total |   |
| Product  |   | $      | 5,802  |   |   |   | 74     | %      |   | $      | 5,035 |   |   |   | 77 | % |
| Services |   |   | 2,075  |   |   |   | 26     | %      |   |   | 1,545 |   |   |   | 23 | % |
|     |   | $      | 7,877  |   |   |   |   |   |   | $      | 6,580 |   |   |   |   |   |

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|                       |   | 2012   |   |   | 2011   |   |
|----------------------------|--------|--------|--------|--------|--------|--------|
| Sales and marketing        |   | $      | 3,526  |   |   | $      | 2,682 |   |
| General and administrative |   |   | 1,159  |   |   |   | 1,192 |   |
|                       |   | $      | 4,685  |   |   | $      | 3,874 |   |

|                              |   | Three Months Ended |   |
|-----------------------------------|--------|--------------------|--------|
|                              |   | March 31,          |   |
|                              |   | 2012               |   |   | 2011 |   |
| Foreign exchange transaction gain |   | $                  | 7      |   |   | $ | 35 |   |
| Other                             |   |               | -      |   |   |   | (1 | ) |
|                              |   | $                  | 7      |   |   | $ | 34 |   |

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| 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 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.                                                                                                                                                                                                                                                                                                                                    |
| 101*        | Interactive Data Files regarding (a) our Consolidated Balance Sheets as of March 31, 2012 and December 31, 2011, (b) our Consolidated Statements of Operations for the Three Months ended March 31, 2012 and 2011, (c) our Consolidated Statements of Comprehensive Loss for the Three Months ended March 31, 2012 and 2011, (d) our Consolidated Statements of Cash Flows for the Three Months ended March 31, 2012 and 2011, and (e) the Notes to such Consolidated Financial Statements.*** |

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|        |   | CHYRON CORPORATION                                                              |
|-------------|--------|---------------------------------------------------------------------------------|
|        |   | (Registrant)                                                                    |
|        |   |                                                                            |
|        |   |                                                                            |
|        |   |                                                                            |
| May 9, 2012 |   | /s/ Michael Wellesley-Wesley                                                    |
| (Date)      |   |      Michael Wellesley-Wesley                          |
|        |   |      President and Chief Executive Officer             |
|        |   |                                                                            |
|        |   |                                                                            |
|        |   |                                                                            |
|        |   |                                                                            |
| May 9, 2012 |   | /s/ Jerry Kieliszak                                                             |
| (Date)      |   |      Jerry Kieliszak                                   |
|        |   |      Senior Vice President and Chief Financial Officer |

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