In table "Reconciliation of Net Income (loss) to Operating EBITDA", first row should read: Net income (loss) (sted Sales & Marketing).
The corrected release reads:
ROSETTA STONE INC. REPORTS FOURTH QUARTER 2011 RESULTS
- Revenue increased 8% to $80.5 million on bookings of $84.8 million
Rosetta Stone Inc. (NYSE:RST), a leading provider of technology-based language-learning solutions, today announced financial results for the fourth quarter 2011, as summarized below:
|US$ thousands||Three Months Ended|
|except per-share data||December 31,||%|
|Sales bookings 1||84,834||81,814||4%|
|Net income/(loss) per share:||($0.24)||$0.23||-204%|
|Operating EBITDA 1||10,725||13,356||-20%|
|Cash flow from operations||7,391||15,074||-51%|
|Purchases of property and equipment||(2,032)||(2,560)||-21%|
|Free cash flow||5,359||12,514||-57%|
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