----

----

| [ x ]                                                                                                                        | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Actof 1934  |
|------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|
|                                                                                                                         |
| OR                                                                                                                           |
|                                                                                                                         |
|             For the quarterly period ended March 31, 2014        |
|                                                                                                                         |
| [   ]                                                                                                         | 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                                                                                             |
|  ChyronHego 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, 2014 (unaudited) and   |   |
|     |     December 31, 2013                                      | 3      |
|     |                                                                           |   |
|     |   Consolidated Statements of Operations for the Three Months         |   |
|     |     ended March 31, 2014 and 2013 (unaudited)              | 4      |
|     |                                                                           |   |
|     |   Consolidated Statements of Comprehensive Income (Loss) for the     |   |
|     |     Three Months ended March 31, 2014 and 2013 (unaudited) | 5      |
|     |                                                                           |   |
|     |   Consolidated Statements of Cash Flows for the Three Months         |   |
|     |     ended March 31, 2014 and 2013 (unaudited)              | 6      |
|     |                                                                           |   |
|     |   Notes to Consolidated Financial Statements (unaudited)             | 7      |
|     |                                                                           |   |
| Item 2.  | Management's Discussion and Analysis of Financial Condition                    |   |
|     |   and Results of Operations                                          | 19     |
|     |                                                                           |   |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                     | 24     |
|     |                                                                           |   |
| Item 4.  | Controls and Procedures                                                        | 24     |
|     |                                                                           |   |
| PART II  | OTHER INFORMATION                                                              |   |
|     |                                                                           |   |
| Item 1.  | Legal Proceedings                                                              | 25     |
|     |                                                                           |   |
| Item 1A. | Risk Factors                                                                   | 25     |
|     |                                                                           |   |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                    | 25     |
|     |                                                                           |   |
| Item 3.  | Defaults Upon Senior Securities                                                | 25     |
|     |                                                                           |   |
| Item 4.  | Mine Safety Disclosures                                                        | 25     |
|     |                                                                           |   |
| Item 5.  | Other Information                                                              | 25     |
|     |                                                                           |   |
| Item 6.  | Exhibits                                                                       | 26     |

----

|                                                                                     |   | Unaudited |    |   |         |   |
|------------------------------------------------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                                                                     |   | March 31, |    |   | December 31, |   |
| Assets                                                                                   |   | 2014      |    |   | 2013         |   |
| Current assets:                                                                          |   |      |    |   |         |   |
|   Cash and cash equivalents                                                    |   | $         | 3,988   |   |         | $      | 5,266 |   |
|   Accounts receivable, net                                                     |   |      | 9,009   |   |         |   | 7,781 |   |
|   Inventories, net                                                             |   |      | 2,747   |   |         |   | 2,816 |   |
|   Prepaid expenses and other current assets                               |   |      | 2,226   |   |         |   | 2,525 |   |
|     Total current assets                                             |   |      | 17,970  |   |         |   | 18,388 |   |
|                                                                                     |   |      |    |   |         |   |   |   |
| Property and equipment, net                                                              |   |      | 4,209   |   |         |   | 4,145 |   |
| Intangible assets, net                                                                   |   |      | 8,637   |   |         |   | 8,968 |   |
| Goodwill                                                                                 |   |      | 18,948  |   |         |   | 18,948 |   |
| Deferred tax asset                                                                       |   |      | 77      |   |         |   | 56 |   |
| Other assets                                                                        |   |      | 141     |   |         |   | 147 |   |
| TOTAL ASSETS                                                                             |   | $         | 49,982  |   |         | $      | 50,652 |   |
|                                                                                     |   |
| Liabilities and Shareholders' Equity                                                     |   |
| Current liabilities:                                                                     |   |      |    |   |         |   |   |   |
|   Accounts payable and accrued expenses                                        |   | $         | 8,418   |   |         | $      | 9,240 |   |
|   Deferred revenue                                                             |   |      | 4,359   |   |         |   | 4,660 |   |
|   Short-term debt                                                              |   |      | 1,578   |   |         |   | 1,532 |   |
|   Due to related parties                                                       |   |      | 727     |   |         |   | 716 |   |
|   Current portion of pension liability                                         |   |      | 472     |   |         |   | 518 |   |
|   Deferred tax liability                                                       |   |      | 260     |   |         |   | 271 |   |
|   Capital lease obligations                                                    |   |      | 190     |   |         |   | 215 |   |
|     Total current liabilities                                        |   |      | 16,004  |   |         |   | 17,152 |   |
|                                                                                     |   |      |    |   |         |   |   |   |
| Contingent consideration                                                                 |   |      | 8,328   |   |         |   | 12,260 |   |
| Pension liability                                                                        |   |      | 2,330   |   |         |   | 2,197 |   |
| Deferred revenue                                                                         |   |      | 841     |   |         |   | 923 |   |
| Long-term debt                                                                           |   |      | 763     |   |         |   | 772 |   |
| Deferred tax liability                                                                   |   |      | 962     |   |         |   | 1,195 |   |
| Other liabilities                                                                        |   |      | 628     |   |         |   | 686 |   |
|     Total liabilities                                                |   |      | 29,856  |   |         |   | 35,185 |   |
|                                                                                     |   |      |    |   |         |   |   |   |
| 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 -  34,059,219 at March 31, 2014 |   |      |    |   |         |   |   |   |
|        and 30,788,251 at December 31, 2013            |   |      | 341     |   |         |   | 308 |   |
|   Additional paid-in capital                                                   |   |      | 111,469 |   |         |   | 103,642 |   |
|   Accumulated deficit                                                          |   |      | (91,485 | )      |         |   | (88,243 | ) |
|   Accumulated other comprehensive loss                                         |   |      | (405    | )      |         |   | (421 | ) |
|   Total ChyronHego Corporation shareholders' equity                            |   |      | 19,920  |   |         |   | 15,286 |   |
|   Non controlling interests                                                    |   |      | 206     |   |         |   | 181 |   |
|      Total shareholders' equity                                 |   |      | 20,126  |   |         |   | 15,467 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                               |   | $         | 49,982  |   |         | $      | 50,652 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2014   |   |   | 2013   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| Product revenues                                                                                                                        |   | $      | 5,781  |   |   | $      | 5,974 |   |
| Service revenues                                                                                                                        |   |   | 6,840  |   |   |   | 2,043 |   |
| Total revenues                                                                                                                          |   |   | 12,621 |   |   |   | 8,017 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Cost of sales                                                                                                                           |   |   | 4,885  |   |   |   | 2,295 |   |
| Gross profit                                                                                                                            |   |   | 7,736  |   |   |   | 5,722 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Operating expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |
|   Selling, general and administrative                                                                                         |   |   | 6,111  |   |   |   | 4,751 |   |
|   Research and development                                                                                                    |   |   | 2,178  |   |   |   | 1,780 |   |
|   Change in fair value of contingent consideration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 2,556  |   |   |   | - |   |
| Total operating expenses                                                                                                                |   |   | 10,845 |   |   |   | 6,531 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Operating loss                                                                                                                          |   |   | (3,109 | )      |   |   | (809 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Interest expense, net                                                                                                                   |   |   | (126   | )      |   |   | (14 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Other loss, net                                                                                                                         |   |   | (70    | )      |   |   | (83 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Loss before taxes                                                                                                                       |   |   | (3,305 | )      |   |   | (906 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Income tax benefit (expense), net                                                                                                       |   |   | 88     |   |   |   | (11 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                                |   |   | (3,217 | )      |   |   | (917 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Less: Net income attributable to non-controlling interests                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 25     |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Net loss attributable to ChyronHego shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | (3,242 | )      |   | $      | (917 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Net loss per share attributable to ChyronHego                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|   shareholders  - basic                                                                                             |   | $      | (0.10  | )      |   | $      | (0.05 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Net loss per share attributable to ChyronHego                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|   shareholders - diluted                                                                                                      |   | $      | (0.10  | )      |   | $      | (0.05 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
|     Basic                                                                                                           |   |   | 31,118 |   |   |   | 17,362 |   |
|     Diluted                                                                                                         |   |   | 31,118 |   |   |   | 17,362 |   |

----

|                                                |   | 2014   |   |   | 2013   |   |
|-----------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                |   |   |   |   |   |   |
| Net loss                                            |   | $      | (3,217 | )      |   | $      | (917 | ) |
|                                                |   |   |   |   |   |   |   |   |
| Other comprehensive income (loss):                  |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |   |   |   |
|    Cumulative translation adjustment |   |   | 16     |   |   |   | (20 | ) |
|                                                |   |   |   |   |   |   |   |   |
| Comprehensive loss                                  |   |   | (3,201 | )      |   |   | (937 | ) |
|                                                |   |   |   |   |   |   |   |   |
| Less: Comprehensive income attributable to          |   |   |   |   |   |   |   |   |
|   non-controlling interest                |   |   | 25     |   |   |   | - |   |
|                                                |   |   |   |   |   |   |   |   |
| Comprehensive loss attributable to ChyronHego       |   |   |   |   |   |   |   |   |
|   Corporation                             |   | $      | (3,226 | )      |   | $      | (937 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2014   |   |   | 2013   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
|   Net loss                                                                                                                                           |   | $      | (3,217 | )      |   | $      |  (917 | ) |
|   Adjustments to reconcile net loss to net cash used in                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |
|    operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
|       Depreciation and amortization                                                                                              |   |   | 733    |   |   |   | 187 |   |
|       Deferred tax asset allowance                                                                                               |   |   | (67    | )      |   |   | 353 |   |
|       Deferred income tax benefit                                                                                                |   |   | (197   | )      |   |   | (353 | ) |
|       Share-based payment arrangements                                                                                           |   |   | 290    |   |   |   | 340 |   |
|       Shares issued for 401(k) match                                                                                             |   |   | 52     |   |   |   | 70 |   |
|       Change in fair value of contingent consideration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 2,556  |   |   |   | - |   |
|       Other                                                                                                                      |   |   | 100    |   |   |   | (130 | ) |
|   Changes in operating assets and liabilities, net of acquisitions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|      Accounts receivable                                                                                                              |   |   | (1,235 | )      |   |   | 19 |   |
|      Inventories                                                                                                                      |   |   | 69     |   |   |   | 188 |   |
|      Prepaid expenses and other assets                                                                                                |   |   | 300    |   |   |   | (128 | ) |
|      Accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 34     |   |   |   | 348 |   |
|      Deferred revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | (382   | )      |   |   | (209 | ) |
|      Other liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 77     |   |   |   | 210 |   |
|   Net cash used in operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | (887   | )      |   |   | (22 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
|   Acquisitions of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | (539   | )      |   |   | (72 | ) |
|   Net cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | (539   | )      |   |   | (72 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
|   Proceeds from revolving credit facilities, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | 302    |   |   |   | - |   |
|   Repayments on debt                                                                                                                                 |   |   | (282   | )      |   |   | (70 | ) |
|   Proceeds from borrowings                                                                                                                           |   |   | 10     |   |   |   | - |   |
|   Payments on capital lease obligations                                                                                                              |   |   | (63    | )      |   |   | (10 | ) |
|   Proceeds from exercise of stock options                                                                                                            |   |   | 178    |   |   |   | - |   |
|   Net cash provided by (used in) financing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 145    |   |   |   | (80 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |
|   Effect of exchange rates on cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 3      |   |   |   | - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |
|   Change in cash and cash equivalents                                                                                                                |   |   | (1,278 | )      |   |   | (174 | ) |
|   Cash and cash equivalents at beginning of  period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 5,266  |   |   |   | 2,483 |   |
|   Cash and cash equivalents at end of period                                                                                                         |   | $      | 3,988  |   |   | $      | 2,309 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |
|   Common stock issued in settlement of contingent consideration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $      | 6,488  |   |   |   | - |   |
|   Common stock issued in settlement of awards under the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |
|     Management Incentive Compensation Plan and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|     Severance Agreements                                                                                                                   |   |   | 846    |   |   |   | - |   |

----

----

----

|                                                         | Three Months    |
|--------------------------------------------------------------|-----------------|
|                                                         | Ended March 31, |
|                                                         | 2014            | 2013 |
| Weighted average shares which are not included               |            |   |
|   in the calculation of diluted earnings (loss)    |            |   |
|   per share because their impact is anti-dilutive: |            |   |
|      Stock options                  | 1,189           | 3,003 |
|      Restricted stock units         | -               | 120 |

|                                    |   | Three Months    |   |
|-----------------------------------------|--------|-----------------|--------|
|                                    |   | Ended March 31, |   |
|                                    |   | 2014            |   |   | 2013 |   |
| Expected volatility                     |   |            | 78.39  | % |   |   | 76.23 | % |
| Risk-free interest rate                 |   |            | 2.00   | % |   |   | 1.06 | % |
| Expected dividend yield                 |   |            | 0.00   | % |   |   | 0.00 | % |
| Expected life (in years)                |   |            | 6.0    |   |   |   | 6.0 |   |
| Estimated fair value per option granted |   | $               | 1.86   |   |   | $ | 0.87 |   |

----

|                                | Number of                                               |
|-------------------------------------|---------------------------------------------------------|
|                                |     Options     |
| Outstanding at January 1, 2014      | 5,994,788                                          |
|   Granted                 | 495,000                                            |
|   Exercised               | (241,627)                                               |
|   Forfeited and cancelled |       (7,655)             |
| Outstanding at March 31, 2014       | 6,240,506                                          |

|                         | Shares  |
|------------------------------|---------|
| Nonvested at January 1, 2014 | -       |
|   Granted          | 125,803 |
| Nonvested at March 31, 2014  | 125,803 |

|                                |   | Three Months    |   |
|-------------------------------------|--------|-----------------|--------|
|                                |   | Ended March 31, |   |
|                                |   | 2014            |   |   | 2013 |   |
| Cost of sales                       |   | $               | 24     |   |   | $ | 17 |   |
| Research and development            |   |            | 98     |   |   |   | 87 |   |
| Selling, general and administrative |   |            | 168    |   |   |   | 236 |   |
|                                |   | $               | 290    |   |   | $ | 340 |   |

|             |   | March 31, |   |   | December 31, |   |
|------------------|--------|-----------|--------|--------|--------------|--------|
|             |   | 2014      |   |   | 2013         |   |
| Finished goods   |   | $         | 473    |   |         | $      | 539 |   |
| Work-in-progress |   |      | 159    |   |         |   | 310 |   |
| Raw material     |   |      | 2,115  |   |         |   | 1,967 |   |
|             |   | $         | 2,747  |   |         | $      | 2,816 |   |

----

|                                 |   | March 31, |   |   | December 31, |   |
|--------------------------------------|--------|-----------|--------|--------|--------------|--------|
|                                 |   | 2014      |   |   | 2013         |   |
| Revolving credit facilities - Europe |   | $         | 1,232  |   |         | $      | 933 |   |
| Note payable - Europe                |   |      | 934    |   |         |   | 921 |   |
| Term loans - Europe                  |   |      | 82     |   |         |   | 355 |   |
| Other                                |   |      | 93     |   |         |   | 95 |   |
|                                 |   |      | 2,341  |   |         |   | 2,304 |   |
| Less: portion due within one year    |   |      | 1,578  |   |         |   | 1,532 |   |
|                                 |   | $         | 763    |   |         | $      | 772 |   |

----

|                               |   | Three Months    |   |
|------------------------------------|--------|-----------------|--------|
|                               |   | Ended March 31, |   |
|                               |   | 2014            |   |   | 2013 |   |
| Service cost                       |   | $               | 82     |   |   | $ | 146 |   |
| Interest cost                      |   |            | 101    |   |   |   | 90 |   |
| Expected return on plan assets     |   |            | (107   | ) |   |   | (100 | ) |
| Amortization of net loss           |   |            | 14     |   |   |   | 66 |   |
| Amortization of prior service cost |   |            | (2     | ) |   |   | (2 | ) |
|                               |   | $               | 88     |   |   | $ | 200 |   |

----

|                            |   | Three Months    |   |
|---------------------------------|--------|-----------------|--------|
|                            |   | Ended March 31, |   |
|                            |   | 2014            |   |   | 2013 |   |
| Balance at beginning of period  |   | $               | 118    |   |   | $ | 50 |   |
| Provisions                      |   |            | 113    |   |   |   | 29 |   |
| Warranty services provided, net |   |            | (63    | ) |   |   | (24 | ) |
|                            |   | $               | 168    |   |   | $ | 55 |   |

|                                           |   | March 31, |    |   | December 31, |   |
|------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                           |   | 2014      |    |   | 2013         |   |
| Deferred tax assets:                           |   |      |    |   |         |   |
|   Net operating loss carryforwards   |   | $         | 12,210  |   |         | $      | 12,074 |   |
|   Inventory                          |   |      | 1,855   |   |         |   | 1,856 |   |
|   Other liabilities                  |   |      | 2,967   |   |         |   | 3,051 |   |
|   Fixed assets                       |   |      | 2,007   |   |         |   | 2,069 |   |
|   Other temporary differences        |   |      | 716     |   |         |   | 751 |   |
|                                           |   |      | 19,755  |   |         |   | 19,801 |   |
| Less: valuation allowance                      |   |      | (19,678 | )      |         |   | (19,745 | ) |
| Total deferred tax assets                      |   |      | 77      |   |         |   | 56 |   |
|                                           |   |      |    |   |         |   |   |   |
| Deferred tax liability:                        |   |      |    |   |         |   |   |   |
|   Intangibles                        |   |      | (1,385  | )      |         |   | (1,453 | ) |
|   Other temporary differences        |   |      | 163     |   |         |   | (13 | ) |
|   Net deferred tax liability         |   | $         | (1,145  | )      |         | $      | (1,410 | ) |
|                                           |   |      |    |   |         |   |   |   |
| As reported:                                   |   |      |    |   |         |   |   |   |
|   Non-current deferred tax assets    |   | $         | 77      |   |         | $      | 56 |   |
|   Current deferred tax liability     |   | $         | (260    | )      |         | $      | (271 | ) |
|   Non-current deferred tax liability |   | $         | (962    | )      |         | $      | (1,195 | ) |

----

|                                |   | Three Months    |   |
|-------------------------------------|--------|-----------------|--------|
|                                |   | Ended March 31, |   |
|                                |   | 2014            |   |   | 2013 |   |
| Current:                            |   |            |   |   |   |   |
|    State and foreign |   | $               | (176   | ) |   | $ | (11 | ) |
|                                |   |            |   |   |   |   |   |   |
| Deferred:                           |   |            |   |   |   |   |   |   |
|    State             |   |            | (4     | ) |   |   | 10 |   |
|    Federal           |   |            | (75    | ) |   |   | 343 |   |
|    Foreign           |   |            | 276    |   |   |   | - |   |
|                                |   |            | 197    |   |   |   | 353 |   |
|                                |   |            |   |   |   |   |   |   |
| Change in valuation allowance       |   |            | 67     |   |   |   | (353 | ) |
|                                |   |            |   |   |   |   |   |   |
| Income tax benefit (expense)        |   | $               | 88     |   |   | $ | (11 | ) |

----

| Revenue milestones                  |   | Additional shares |      |
|-------------------------------------|--------|-------------------|-----------|
|                                |   |              |      |
| $15.5 million in 2013               |   |              | 2,772,598 |   |
| $16.0 million in 2014               |   |              | 1,584,342 |   |
| $16.5 million in 2015               |   |              | 1,742,776 |   |
|    Total             |   |              | 6,099,716 |   |
|                                |   |              |      |   |
| Or, alternatively, if $33.0 million |   |              |      |   |
|  for 2013 and 2014 combined    |   |              | 6,099,716 |   |

----

| Net fair value of assets acquired |   | $      | 107    |   |
|-----------------------------------|--------|--------|--------|--------|
| Intangible assets, net of tax     |   |   | 9,930  |   |
| Goodwill                          |   |   | 16,321 |   |
|                              |   |   | 26,358 |   |
| Deferred tax liability            |   |   | (1,766 | )      |
|                              |   | $      | 24,592 |   |

| Definite-lived intangibles:        |   |   |   |
|------------------------------------|--------|--------|--------|
|   Customer relationships |   | $      | 6,400  |   |
|   Proprietary technology |   |   | 800    |   |
|   Other intangibles      |   |   | 830    |   |
|                               |   |   |   |   |
| Indefinite-lived intangibles:      |   |   |   |   |
|   Tradename              |   |   | 1,900  |   |
|                               |   | $      | 9,930  |   |

|                                        |   | March 31, |   |   | December 31, |   |
|---------------------------------------------|--------|-----------|--------|--------|--------------|--------|
|                                        |   | 2014      |   |   | 2013         |   |
| Definite-lived intangibles:                 |   |      |   |   |         |   |
|   Customer relationships          |   | $         | 4,775  |   |         | $      | 5,058 |   |
|   Tradenames                      |   |      | 933    |   |         |   | 951 |   |
|   Proprietary technology          |   |      | 988    |   |         |   | 1,017 |   |
|   Domain name and related website |   |      | 41     |   |         |   | 42 |   |
|                                        |   |      | 6,737  |   |         |   | 7,068 |   |
| Indefinite-lived intangibles:               |   |      |   |   |         |   |   |   |
|   Tradename                       |   |      | 1,900  |   |         |   | 1,900 |   |
|                                        |   | $         | 8,637  |   |         | $      | 8,968 |   |

----

|                                          |   | Foreign     |   |   |    |   |   | Accumulated   |   |
|-----------------------------------------------|--------|-------------|--------|--------|---------|--------|--------|---------------|--------|
|                                          |   | Currency    |   |   | Pension |   |   | Other         |   |
|                                          |   | Translation |   |   | Benefit |   |   | Comprehensive |   |
|                                          |   | Adjustment  |   |   | Costs   |   |   | Income (Loss) |   |
| January 1, 2014                               |   | $           | 131    |   |    | $      | (552   | )             |   | $ | (421 | ) |
| Change for period                             |   |        | 16     |   |    |   | -      |          |   |   | 16 |   |
| Amounts reclassed from accumulated            |   |        |   |   |    |   |   |          |   |   |   |   |
|   other comprehensive income (loss) |   |        | -      |   |    |   | -      |          |   |   | - |   |
| March 31, 2014                                |   | $           | 147    |   |    | $      | (552   | )             |   | $ | (405 | ) |

|                                      |   | Three Months Ended |   |
|-------------------------------------------|--------|--------------------|--------|
|                                      |   | March 31, 2014     |   |
| Revenues:                                 |   |               |   |
|   Americas                      |   | $                  | 8,052  |   |
|   EMEA                          |   |               | 4,569  |   |
|                                      |   | $                  | 12,621 |   |
|                                      |   |               |   |   |
| Operating income (loss):                  |   |               |   |   |
|   Americas                      |   | $                  | 1,080  |   |
|   EMEA                          |   |               | (714   | ) |
|   Unallocated corporate expense |   |               | (3,475 | ) |
|                                      |   | $                  | (3,109 | ) |

----

----

----

|     |   | Three Months    |   |
|----------|--------|-----------------|--------|
|     |   | Ended March 31, |   |
|     |   |            |   |   | % of |   |   |   |   |   | % of |   |
|     |   | 2014            |   |   | Total |   |   | 2013 |   |   | Total |   |
| Product  |   | $               | 5,781  |   |   |   | 46 | % |   | $ | 5,974 |   |   |   | 75 | % |
| Services |   |            | 6,840  |   |   |   | 54 | % |   |   | 2,043 |   |   |   | 25 | % |
|     |   | $               | 12,621 |   |   |   |   |   |   | $ | 8,017 |   |   |   |   |   |

----

|                       |   | Three Months    |   |
|----------------------------|--------|-----------------|--------|
|                       |   | Ended March 31, |   |
|                       |   | 2014            |   |   | 2013 |   |
| Sales and marketing        |   | $               | 4,783  |   |   | $ | 2,879 |   |
| General and administrative |   |            | 1,328  |   |   |   | 1,872 |   |
|                       |   | $               | 6,111  |   |   | $ | 4,751 |   |

|                                     |   | Three Months    |   |
|------------------------------------------|--------|-----------------|--------|
|                                     |   | Ended March 31, |   |
|                                     |   | 2014            |   |   | 2013 |   |
| Foreign exchange transaction gain (loss) |   | $               | 3      |   |   | $ | (82 | ) |
| Loss on disposal of fixed assets         |   |            | (74    | ) |   |   | - |   |
| Other                                    |   |            | 1      |   |   |   | (1 | ) |
|                                     |   | $               | (70    | ) |   | $ | (83 | ) |

----

----

----

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| (a)   | Exhibits: |
|-----------------|-----------|

| 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 formatted in XBRL (Extensible Business Reporting Language) from (a) our Consolidated Balance Sheets as of March 31, 2014 (unaudited) and December 31, 2013, (b) our Consolidated Statements of Operations for the Three Months ended March 31, 2014 and 2013 (unaudited), (c) our Consolidated Statements of Comprehensive Income (Loss) for the Three Months ended March 31, 2014 and 2013 (unaudited), (d) our Consolidated Statements of Cash Flows for the Three Months ended March 31, 2014 and 2013 (unaudited) and (e) the Notes to such Consolidated Financial Statements (unaudited). |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|        |   **Filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

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|                    |   | CHYRONHEGO CORPORATION                                        |
|-------------------------|--------|---------------------------------------------------------------|
|                    |   | (Registrant)                                                  |
|                    |   |                                                          |
| May  13, 2014 |   | /s/ Johan Apel                                                |
| (Date)                  |   |      Johan Apel                      |
|                    |   |      Chief Executive Officer         |
|                    |   |     (Principal Executive Officer)         |
|                    |   |                                                          |
|                    |   |                                                          |
| May 13, 2014            |   | /s/ Dawn Johnston                                             |
| (Date)                  |   |      Dawn Johnston                   |
|                    |   |      Interim Chief Financial Officer |
|                    |   |     (Principal Financial Officer)         |

----

----