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August 8, 2012 4:30 pm ET
Steve Somers – Vice President-Investor Relations
Stephen Swad – Chief Executive Officer
Thomas Pierno – Chief Financial Officer
Peter Appert – Piper Jaffray & Co.
Jeff Mueller – Robert W. Baird & Company Inc.
Brandon Dobell – William Blair & Company LLC
Matthew Kempler – Sidoti & Company LLC
Thomas Allen – Morgan Stanley
Greetings, and welcome to the Rosetta Stone Inc. Second Quarter 2012 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Steve Somers, IR for Rosetta Stone Inc. Thank you, Mr. Somers, you may begin.
Good afternoon. and let me welcome you to Rosetta Stone’s second quarter 2012 earnings call. I’m Steve Somers, Vice President of Investor Relations, and I’m joined today by Steve Swad, Rosetta Stone’s President and CEO; and Tom Pierno, CFO, to discuss the operations and financial results for the second quarter and our outlook.
In addition to our commentary today, we have made our 2Q ‘12 earnings result press release supplemental financial information, and a slide deck supporting this webcast, available on our IR website at investors.rosettastone.com. Please review them to find important additional information. There are or will be forward-looking statements in our press release, slides, and conversation today.
We offer these statements under the Safe Harbor provided by U.S. law, of course, risks and uncertainties attach to any forward-looking statements. A detailed discussion of such risks and uncertainties is contained in our Form 10-K filed with the SEC in March 2012, which is available in the Investor Relations section of our website. We ask that you review those risk factors before making any investment decisions.