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Rosetta Stone Inc. Reports Fourth Quarter 2011 Results

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, %
2011   2010 change
Total revenue $80,527 $74,280 8%
Sales bookings 1 84,834 81,814 4%
 
Net income/(loss) (4,979) 4,965 -200%
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%
 

1Definitions and reconciliations for all non-GAAP measures are provided in this press release.

Commenting on the quarter, Steve Swad, President and Chief Executive Officer of Rosetta Stone, said, “The stabilization and improvement that we started to see in our US Consumer business in the third quarter continued into the fourth quarter and helped drive record fourth quarter revenues for Rosetta Stone. Our Institutional business also closed out the year on a positive note, while we continue to work on challenges in our Asian consumer business. Encouragingly, sales in our direct-to-consumer channel and in particular, sales via our website, were strong, driven by increased website visits and higher conversion. We had successful email campaigns around the holiday season and focused on promoting our products and services at more attractive price points, which drove significant volume increases in our US consumer business.”

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