Rosetta Stone Inc. Reports Fourth Quarter and Full Year 2019 Results
ROSETTA STONE (RST)
Last rosetta stone earnings: 3/11 04:16 pm
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US:NYSE Investor Relations:
investors.rosettastone.com
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Source: GlobeNewswire
ARLINGTON, Va., March 11, 2020 (GLOBE NEWSWIRE) -- Rosetta Stone Inc. (NYSE:RST), a world leader in technology-based learning solutions, today announced financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter 2019 Highlights Consolidated revenue increased 5% year-over-year to $46.7 million.Revenue at Lexia Learning ("Lexia"), the Company's Literacy segment, increased 18% year-over-year to a record $17.1 million.Revenue within the Consumer Language segment increased 2% year-over-year to $15.8 million.Revenue within the Enterprise & Education (“E&E”) Language segment decreased 5% year-over-year to $13.8 million.Consolidated fourth quarter net loss was $6.7 million, up from a net loss of $4.4 million in the same quarter a year ago, driven by higher consolidated revenues which were more than offset by increased operating expenses related to investments made in R&D to support upcoming products, increased variable incentive com
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