Rosetta Stone Inc. Reports First Quarter 2018 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., May 09, 2018 (GLOBE NEWSWIRE) -- Rosetta Stone Inc. (NYSE:RST), a world leader in technology-based learning solutions, today announced financial results for the first quarter ended March 31, 2018. Revenue totaled $42.8 million, down 10% from $47.7 million in the year-ago period. The first quarter net loss totaled $6.4 million, or $(0.29) per diluted share. In the year-ago period, the Company had net income of $0.5 million, or $0.02 per diluted share, which included a pre-tax restructuring charge of $0.8 million. First Quarter 2018 Overview Revenue at Lexia, the Company’s Literacy segment, grew 22% year-over-year to a record high $12.4 million.The Consumer language segment completed its transition to a subscription model with 6% of new unit sales in the quarter coming from CDs and digital downloads. As expected, revenue in the Consumer Language segment fell in the quarter as a result of the transition to a full subscription model in which revenue is recognized rata
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