----

----

| [ x ]                                                                                                                        | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Actof 1934  |
|------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------|
|                                                                                                                         |
|             For the quarterly period ended June 30, 2011         |
|                                                                                                                         |
| [   ]                                                                                                         | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Actof 1934 |
|                                                                                                                         |
|             For the transition period from _________to ________. |
|                                                                                                                         |
| Commission File Number 001-09014                                                                                             |
|  Chyron Corporation                                                                                                     |
| (Exact name of registrant as specified in its charter)                                                                       |

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

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

----

| PART I   | FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Page   |
|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 1.  | Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|     |   Consolidated Balance Sheets as of June 30, 2011 (unaudited) and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|     |     December 31, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 3      |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|     |   Consolidated Statements of Operations for the Three Months ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |
|     |     June 30, 2011 and 2010 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 4      |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|     |   Consolidated Statements of Operations for the Six Months ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
|     |     June 30, 2011 and 2010 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 5      |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|     |   Consolidated Statements of Cash Flows  for the Six Months                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
|     |     ended June 30, 2011 and 2010 (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 6      |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|     |   Notes to Consolidated Financial Statements (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 7      |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 2.  | Management's Discussion and Analysis of Financial Condition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|     |   and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 16     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 21     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 4.  | Controls and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 21     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| PART II  | OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 1.  | Legal Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 21     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 1A. | Risk Factors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 22     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                         | 22     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 3.  | Defaults Upon Senior Securities                                                                                                                                     | 22     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 4.  | (Removed and Reserved)                                                                                                                                              | 22     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 5.  | Other Information                                                                                                                                                   | 22     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| Item 6.  | Exhibits                                                                                                                                                            | 23     |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |

----

|                                                                                    |   | Unaudited |    |   |         |   |
|-----------------------------------------------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                                                                    |   | June 30,  |    |   | December 31, |   |
| Assets                                                                                  |   | 2011      |    |   | 2010         |   |
| Current assets:                                                                         |   |      |    |   |         |   |
|   Cash and cash equivalents                                                   |   | $         | 4,201   |   |         | $      | 5,565 |   |
|   Accounts receivable, net                                                    |   |      | 5,778   |   |         |   | 4,141 |   |
|   Inventories, net                                                            |   |      | 1,670   |   |         |   | 2,218 |   |
|   Deferred taxes                                                              |   |      | 2,795   |   |         |   | 2,869 |   |
|   Prepaid expenses and other current assets                              |   |      | 1,137   |   |         |   | 775 |   |
|     Total current assets                                            |   |      | 15,581  |   |         |   | 15,568 |   |
|                                                                                    |   |      |    |   |         |   |   |   |
| Property and equipment, net                                                             |   |      | 1,715   |   |         |   | 1,575 |   |
| Intangible assets, net                                                                  |   |      | 710     |   |         |   | 763 |   |
| Goodwill                                                                                |   |      | 2,066   |   |         |   | 2,066 |   |
| Deferred taxes                                                                          |   |      | 17,716  |   |         |   | 17,343 |   |
| Other assets                                                                       |   |      | 99      |   |         |   | 106 |   |
| TOTAL ASSETS                                                                            |   | $         | 37,887  |   |         | $      | 37,421 |   |
|                                                                                    |   |
| Liabilities and Shareholders' Equity                                                    |   |
| Current liabilities:                                                                    |   |      |    |   |         |   |   |   |
|   Accounts payable and accrued expenses                                       |   | $         | 3,531   |   |         | $      | 3,296 |   |
|   Deferred revenue                                                            |   |      | 2,909   |   |         |   | 2,846 |   |
|   Current portion of pension liability                                        |   |      | 444     |   |         |   | 704 |   |
|   Current portion of term loan                                                |   |      | 299     |   |         |   | 326 |   |
|   Capital lease obligations                                                   |   |      | 36      |   |         |   | 34 |   |
|     Total current liabilities                                       |   |      | 7,219   |   |         |   | 7,206 |   |
|                                                                                    |   |      |    |   |         |   |   |   |
| Pension liability                                                                       |   |      | 1,525   |   |         |   | 1,519 |   |
| Deferred revenue                                                                        |   |      | 554     |   |         |   | 642 |   |
| Term loan                                                                               |   |      | -       |   |         |   | 136 |   |
| Other liabilities                                                                       |   |      | 323     |   |         |   | 308 |   |
|     Total liabilities                                               |   |      | 9,621   |   |         |   | 9,811 |   |
|                                                                                    |   |      |    |   |         |   |   |   |
| Commitments and contingencies                                                           |   |      |    |   |         |   |   |   |
|                                                                                    |   |      |    |   |         |   |   |   |
| Shareholders' equity:                                                                   |   |      |    |   |         |   |   |   |
|   Preferred stock, par value $1.00, without designation                       |   |      |    |   |         |   |   |   |
|    Authorized - 1,000,000 shares, Issued - none                          |   |      |    |   |         |   |   |   |
|   Common stock, par value $.01                                                |   |      |    |   |         |   |   |   |
|    Authorized - 150,000,000 shares                                       |   |      |    |   |         |   |   |   |
|     Issued and outstanding -  16,503,708 at June 30, 2011 |   |      |    |   |         |   |   |   |
|        and 16,053,945 at December 31, 2010           |   |      | 165     |   |         |   | 161 |   |
|   Additional paid-in capital                                                  |   |      | 82,789  |   |         |   | 81,793 |   |
|   Accumulated deficit                                                         |   |      | (54,210 | )      |         |   | (53,857 | ) |
|   Accumulated other comprehensive loss                                        |   |      | (478    | )      |         |   | (487 | ) |
|      Total shareholders' equity                                |   |      | 28,266  |   |         |   | 27,610 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                              |   | $         | 37,887  |   |         | $      | 37,421 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2011   |   |   | 2010   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |
| Product revenues                                                                                                                                                    |   | $      | 7,429  |   |   | $      | 5,402 |   |
| Service revenues                                                                                                                                                    |   |   | 2,001  |   |   |   | 1,534 |   |
| Total revenues                                                                                                                                                      |   |   | 9,430  |   |   |   | 6,936 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Cost of sales                                                                                                                                             |   |   | 2,866  |   |   |   | 2,115 |   |
| Gross profit                                                                                                                                              |   |   | 6,564  |   |   |   | 4,821 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Operating expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
|    Selling, general and administrative                                                                                                     |   |   | 4,683  |   |   |   | 3,840 |   |
|    Research and development                                                                                                                |   |   | 1,644  |   |   |   | 1,664 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Total operating expenses                                                                                                                                  |   |   | 6,327  |   |   |   | 5,504 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Operating income (loss)                                                                                                                                   |   |   | 237    |   |   |   | (683 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Interest expense                                                                                                                                          |   |   | (9     | )      |   |   | (14 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Other income (loss),  net                                                                                                                       |   |   | -      |   |   |   | (62 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Income (loss) before taxes                                                                                                                                |   |   | 228    |   |   |   | (759 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Income tax (expense) benefit, net                                                                                                                         |   |   | (144   | )      |   |   | 48 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Net income (loss)                                                                                                                                         |   | $      | 84     |   |   | $      | (711 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Net income (loss) per share - basic                                                                                                                       |   | $      | 0.01   |   |   | $      | (0.04 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Net income (loss) per share - diluted                                                                                                                     |   | $      | 0.00   |   |   | $      | (0.04 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
|   Basic                                                                                                                                         |   |   | 16,437 |   |   |   | 15,946 |   |
|   Diluted                                                                                                                                       |   |   | 16,929 |   |   |   | 15,946 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2011   |   |   | 2010   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |
| Product revenues                                                                                                                                    |   | $      | 12,464 |   |   | $      | 10,762 |   |
| Service revenues                                                                                                                                    |   |   | 3,546  |   |   |   | 3,046 |   |
| Total revenues                                                                                                                                      |   |   | 16,010 |   |   |   | 13,808 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Cost of sales                                                                                                                                       |   |   | 4,838  |   |   |   | 4,160 |   |
| Gross profit                                                                                                                                        |   |   | 11,172 |   |   |   | 9,648 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Operating expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |
|   Selling, general and administrative                                                                                                     |   |   | 8,557  |   |   |   | 7,466 |   |
|   Research and development                                                                                                                |   |   | 3,263  |   |   |   | 3,322 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Total operating expenses                                                                                                                            |   |   | 11,820 |   |   |   | 10,788 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Operating loss                                                                                                                                      |   |   | (648   | )      |   |   | (1,140 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Interest expense                                                                                                                                    |   |   | (21    | )      |   |   | (31 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Other income (loss), net                                                                                                                            |   |   | 34     |   |   |   | (84 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Loss before taxes                                                                                                                                   |   |   | (635   | )      |   |   | (1,255 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Income tax benefit (expense), net                                                                                                                   |   |   | 282    |   |   |   | (110 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                                            |   | $      | (353   | )      |   | $      | (1,365 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Net loss per share - basic                                                                                                                          |   | $      | (0.02  | )      |   | $      | (0.09 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Net loss per share - diluted                                                                                                                        |   | $      | (0.02  | )      |   | $      | (0.09 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|    Basic                                                                                                                             |   |   | 16,325 |   |   |   | 15,922 |   |
|    Diluted                                                                                                                           |   |   | 16,325 |   |   |   | 15,922 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2011   |   |   | 2010   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Cash Flows from Operating Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |
| Net loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $      | (353   | )      |   | $      | (1,365 | ) |
| Adjustments to reconcile net loss to net cash from                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |
| operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
|    Depreciation and amortization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 452    |   |   |   | 519 |   |
|    Deferred income tax (benefit) expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | (299   | )      |   |   | 90 |   |
|    Inventory provisions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 144    |   |   |   | 40 |   |
|    Share-based payment arrangements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 518    |   |   |   | 947 |   |
|    Shares issued for 401(k) match                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 129    |   |   |   | 125 |   |
|    Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 16     |   |   |   | 39 |   |
| Changes in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|    Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (1,637 | )      |   |   | 1 |   |
|    Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 348    |   |   |   | (143 | ) |
|    Prepaid expenses and other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (358   | )      |   |   | (257 | ) |
|    Accounts payable and accrued expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 549    |   |   |   | 229 |   |
|    Deferred revenue                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | (26    | )      |   |   | 48 |   |
|    Other liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (219   | )      |   |   | 303 |   |
| Net cash (used in) provided by operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (736   | )      |   |   | 576 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Cash Flows from Investing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Acquisitions of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | (539   | )      |   |   | (290 | ) |
| Net cash used in investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | (539   | )      |   |   | (290 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Proceeds from exercise of stock options                                                                                                     |   |   | 89     |   |   |   | 1 |   |
| Payments on capital lease obligations                                                                                                       |   |   | (16    | )      |   |   | (17 | ) |
| Payments on term loan                                                                                                                       |   |   | (162   | )      |   |   | (162 | ) |
| Net cash used in financing activities                                                                                                       |   |   | (89    | )      |   |   | (178 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
| Change in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (1,364 | )      |   |   | 108 |   |
| Cash and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 5,565  |   |   |   | 5,238 |   |
| Cash and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $      | 4,201  |   |   | $      | 5,346 |   |

----

----

|                                                         | Three Months     |             | Six Months     |
|--------------------------------------------------------------|------------------|------------------|----------------|
|                                                         | Ended June 30,   |             | Ended June 30, |
|                                                         | 2011   | 2010   |           | 2011   | 2010   |
| Weighted average shares which are not included               |             |             |           |   |   |
|   in the calculation of diluted earnings (loss)    |             |             |           |   |   |
|   per share because their impact is anti-dilutive: |             |             |           |   |   |
|      Stock options                  | 391         | 3,310       |           | 1,881  | 3,314  |
|      Restricted stock units         | 111         | 983         |           | 271  | 645  |

----

|                                    |   | Three Months   |   |   | Six Months     |   |
|-----------------------------------------|--------|----------------|--------|--------|----------------|--------|
|                                    |   | Ended June 30, |   |   | Ended June 30, |   |
|                                    |   | 2011           |   |   | 2010           |   |   | 2011 |   |   | 2010 |   |
| Expected volatility                     |   |           | 71.48  | %      |           |   | 78.81 | % |   |   | 71.51 | % |   |   | 79.05 | % |
| Risk-free interest rate                 |   |           | 2.17   | %      |           |   | 2.42 | % |   |   | 2.18 | % |   |   | 2.44 | % |
| Expected dividend yield                 |   |           | 0.00   | %      |           |   | 0.00 | % |   |   | 0.00 | % |   |   | 0.00 | % |
| Expected life (in years)                |   |           | 6.0    |   |           |   | 6.0 |   |   |   | 6.0 |   |   |   | 6.0 |   |
| Estimated fair value per option granted |   | $              | 1.37   |   |           | $      | 1.32 |   |   | $ | 1.37 |   |   | $ | 1.34 |   |

|                                | Number of                                               |
|-------------------------------------|---------------------------------------------------------|
|                                |     Options     |
| Outstanding at January 1, 2011      | 3,411,573                                          |
|   Granted                 | 43,000                                             |
|   Exercised               | (75,419)                                                |
|   Forfeited and cancelled | (215,717)                                               |
| Outstanding at June 30, 2011        | 3,163,437                                               |

----

|                         | Shares          |
|------------------------------|-----------------|
| Nonvested at January 1, 2011 | 1,869,991  |
| Granted                      | 467,262    |
| Vested and settled in shares | (205,486)       |
| Forfeited and cancelled      |  (283,143) |
| Nonvested at June 30, 2011   | 1,848,624  |

|                                |   | Three Months   |   |   | Six Months     |   |
|-------------------------------------|--------|----------------|--------|--------|----------------|--------|
|                                |   | Ended June 30, |   |   | Ended June 30, |   |
|                                |   | 2011           |   |   | 2010           |   |   | 2011 |   |   | 2010 |   |
| Cost of sales                       |   | $              | 28     |   |           | $      | 41 |   |   | $ | 52 |   |   | $ | 80 |   |
| Research and development            |   |           | 99     |   |           |   | 149 |   |   |   | 186 |   |   |   | 277 |   |
| Selling, general and administrative |   |           | 150    |   |           |   | 352 |   |   |   | 280 |   |   |   | 590 |   |
|                                |   | $              | 277    |   |           | $      | 542 |   |   | $ | 518 |   |   | $ | 947 |   |

|             |   | June 30, |   |   | December 31, |   |
|------------------|--------|----------|--------|--------|--------------|--------|
|             |   | 2011     |   |   | 2010         |   |
| Finished goods   |   | $        | 392    |   |         | $      | 312 |   |
| Work-in-progress |   |     | 299    |   |         |   | 259 |   |
| Raw material     |   |     | 979    |   |         |   | 1,647 |   |
|             |   | $        | 1,670  |   |         | $      | 2,218 |   |

----

|                               |   | Three Months   |   |   | Six Months     |   |
|------------------------------------|--------|----------------|--------|--------|----------------|--------|
|                               |   | Ended June 30, |   |   | Ended June 30, |   |
|                               |   | 2011           |   |   | 2010      |   |   | 2011 |   |   | 2010  |   |
| Service cost                       |   | $              | 96     |   |           | $      | 101 |   |   | $ | 192 |   |   | $ | 202 |   |
| Interest cost                      |   |           | 81     |   |           |   | 82 |   |   |   | 162 |   |   |   | 164 |   |
| Expected return on plan assets     |   |           | (70    | )      |           |   | (64 | ) |   |   | (140 | ) |   |   | (128 | ) |
| Actuarial loss                     |   |           | 5      |   |           |   | 16 |   |   |   | 10 |   |   |   | 32 |   |
| Amortization of prior service cost |   |           | (6     | )      |           |   | (6 | ) |   |   | (12 | ) |   |   | (12 | ) |
|                               |   | $              | 106    |   |           | $      | 129 |   |   | $ | 212 |   |   | $ | 258 |   |

----

|                            |   | Three Months   |   |   | Six Months     |   |
|---------------------------------|--------|----------------|--------|--------|----------------|--------|
|                            |   | Ended June 30, |   |   | Ended June 30, |   |
|                            |   | 2011           |   |   | 2010           |   |   | 2011 |   |   | 2010 |   |
| Balance at beginning of period  |   | $              | 50     |   |           | $      | 50 |   |   | $ | 50 |   |   | $ | 50 |   |
| Provisions (credits)            |   |           | 0      |   |           |   | 0 |   |   |   | 56 |   |   |   | 4 |   |
| Warranty services provided, net |   |           | 0      |   |           |   | 0 |   |   |   | (56 | ) |   |   | (4 | ) |
|                            |   | $              | 50     |   |           | $      | 50 |   |   | $ | 50 |   |   | $ | 50 |   |

|              |   | Foreign     |   |   |    |   |   | Accumulated   |   |
|-------------------|--------|-------------|--------|--------|---------|--------|--------|---------------|--------|
|              |   | Currency    |   |   | Pension |   |   | Other         |   |
|              |   | Translation |   |   | Benefit |   |   | Comprehensive |   |
|              |   | Adjustments |   |   | Costs   |   |   | Loss          |   |
| January 1, 2011   |   | $           | (25    | )      |    | $      | (462   | )             |   | $ | (487 | ) |
| Change for period |   |        | 9      |   |    |   | -      |          |   |   | 9 |   |
| March 31, 2011    |   |        | (16    | )      |    |   | (462   | )             |   |   | (478 | ) |
| Change for period |   |        | -      |   |    |   | -      |          |   |   | - |   |
| June 30, 2011     |   | $           | (16    | )      |    | $      | (462   | )             |   | $ | (478 | ) |

----

|                                         |   | June 30,                                 |   |   | December 31, |   |
|----------------------------------------------|--------|------------------------------------------|--------|--------|--------------|--------|
|                                         |   | 2011       |   |   | 2010         |   |
| Deferred tax assets:                         |   |                                     |   |   |         |   |
|   Net operating loss carryforwards |   | $                                        | 16,642 |   |         | $      | 17,027 |   |
|   Temporary differences            |   |                                     | 4,609  |   |         |   | 4,074 |   |
|                                         |   |                                     | 21,251 |   |         |   | 21,101 |   |
| Deferred tax valuation allowance             |   |                                     | 740    |   |         |   | 889 |   |
|                                         |   | $                                        | 20,511 |   |         | $      | 20,212 |   |

|                                |   | Three Months   |   |   | Six Months     |   |
|-------------------------------------|--------|----------------|--------|--------|----------------|--------|
|                                |   | Ended June 30, |   |   | Ended June 30, |   |
|                                |   | 2011           |   |   | 2010           |   |   | 2011 |   |   | 2010 |   |
| Current:                            |   |           |   |   |           |   |   |   |   |   |   |   |
|    State and foreign |   | $              | (9     | )      |           | $      | (5 | ) |   | $ | (17 | ) |   | $ | (20 | ) |
|                                |   |           |   |   |           |   |   |   |   |   |   |   |   |   |   |   |
| Deferred:                           |   |           |   |   |           |   |   |   |   |   |   |   |   |   |   |   |
|    State             |   |           | (6     | )      |           |   | 2 |   |   |   | 13 |   |   |   | (4 | ) |
|    Federal           |   |           | (129   | )      |           |   | 51 |   |   |   | 286 |   |   |   | (86 | ) |
|                                |   |           | (135   | )      |           |   | 53 |   |   |   | 299 |   |   |   | (90 | ) |
| Income tax (expense) benefit, net   |   | $              | (144   | )      |           | $      | 48 |   |   | $ | 282 |   |   | $ | (110 | ) |

----

----

|          |   | Three Months   |   |   | Six Months     |   |
|---------------|--------|----------------|--------|--------|----------------|--------|
|          |   | Ended June 30, |   |   | Ended June 30, |   |
|          |   | 2011           |   |   | 2010           |   |   | 2011 |   |   | 2010 |   |
| United States |   | $              | 6,643  |   |           | $      | 4,548 |   |   | $ | 11,564 |   |   | $ | 10,368 |   |
| Europe        |   |           | 1,146  |   |           |   | 1,782 |   |   |   | 2,318 |   |   |   | 2,216 |   |
| Rest of world |   |           | 1,641  |   |           |   | 606 |   |   |   | 2,128 |   |   |   | 1,224 |   |
|          |   | $              | 9,430  |   |           | $      | 6,936 |   |   | $ | 16,010 |   |   | $ | 13,808 |   |

----

----

|     |   | Three Months   |   |   | Six Months     |   |
|----------|--------|----------------|--------|--------|----------------|--------|
|     |   | Ended June 30, |   |   | Ended June 30, |   |
|     |   |           |   |   | % of           |   |   |   |   |   | % of |   |   |   |   |   | % of |   |   |   |   |   | % of |   |
|     |   | 2011           |   |   | Total          |   |   | 2010 |   |   | Total |   |   | 2011 |   |   | Total |   |   | 2010 |   |   | Total |   |
| Product  |   | $              | 7,429  |   |           |   | 79 | % |   | $ | 5,402 |   |   |   | 78 | % |   | $ | 12,464 |   |   |   | 78 | % |   | $ | 10,762 |   |   |   | 78 | % |
| Services |   |           | 2,001  |   |           |   | 21 | % |   |   | 1,534 |   |   |   | 22 | % |   |   | 3,546 |   |   |   | 22 | % |   |   | 3,046 |   |   |   | 22 | % |
|     |   | $              | 9,430  |   |           |   |   |   |   | $ | 6,936 |   |   |   |   |   |   | $ | 16,010 |   |   |   |   |   |   | $ | 13,808 |   |   |   |   |   |

----

----

|                                     |   | Three Months   |   |   | Six Months     |   |
|------------------------------------------|--------|----------------|--------|--------|----------------|--------|
|                                     |   | Ended June 30, |   |   | Ended June 30, |   |
|                                     |   | 2011           |   |   | 2010           |   |   | 2011 |   |   | 2010 |   |
| Foreign exchange transaction gain (loss) |   | $              | -      |   |           | $      | (17 | ) |   | $ | 34 |   |   | $ | (43 | ) |
| Other                                    |   |           | -      |   |           |   | (45 | ) |   |   | - |   |   |   | (41 | ) |
|                                     |   | $              | -      |   |           | $      | (62 | ) |   | $ | 34 |   |   | $ | (84 | ) |

----

----

----

----

| Exhibit No. | Description of Exhibit                                                                                                                                                                                                                                                                                                                                                                                                               |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1        | 2011 Management Incentive Compensation Plan (previously filed as Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed with the Commission on May 11, 2011 (File No. 001-09014) and incorporated herein by reference).                                                                                                                                                                                                   |
| 31.1*       | Certification of Principal Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                   |
| 31.2*       | Certification of Principal Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                   |
| 32.1*       | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                               |
| 32.2*       | Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                               |
| 101*        | Interactive Data Files regarding (a) our Consolidated Balance Sheets as of June 30, 2011 and December 31, 2010, (b) our Consolidated Statements of Operations for the Three and Six Months ended June 30, 2011 and 2010, (c) our Consolidated Statements of Cash Flows for the Six Months ended June 30, 2011 and 2010 and (d) the Notes to such Consolidated Financial Statements.**                                                     |
|        |  *filed herewith                                                                                                                                                                                                                                                                                                                                                                                                                     |
|        |  **Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise  are not subject to liability under those sections. |

----

|            |   | CHYRON CORPORATION                                                              |
|-----------------|--------|---------------------------------------------------------------------------------|
|            |   | (Registrant)                                                                    |
|            |   |                                                                            |
| August 10, 2011 |   | /s/ Michael Wellesley-Wesley                                                    |
| (Date)          |   |      Michael Wellesley-Wesley                          |
|            |   |      President and Chief Executive Officer             |
|            |   |     (Principal Executive Officer)                           |
|            |   |                                                                            |
|            |   |                                                                            |
| August 10, 2011 |   | /s/ Jerry Kieliszak                                                             |
| (Date)          |   |      Jerry Kieliszak                                   |
|            |   |      Senior Vice President and Chief Financial Officer |
|            |   |     (Principal Financial Officer)                           |

----

----