Rosetta Stone (RST) Posts Smaller Q3 Loss, Sales Miss

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Go back to Rosetta Stone (RST) Posts Smaller Q3 Loss, Sales Miss

Rosetta Stone Inc. Reports Third Quarter 2015 Results

November 4, 2015 4:17 PM EST

Lexias Strong Growth Helps Lift Enterprise & Education to Majority of Revenue Mix for First Time as Management Turnaround Delivers 26% Reduction in Operating Expenses, 55% Improvement in Net Loss and Diluted EPS

ARLINGTON, Va.--(BUSINESS WIRE)-- Rosetta Stone Inc. (NYSE: RST), a world leader in technology-based learning solutions, today announced financial results for the third quarter 2015. Net loss for the third quarter 2015 totaled $7.3 million, or $(0.34) per diluted share, versus a loss of $16.2 million, or $(0.76) per diluted share, in the year-ago period. Adjusted EBITDA, a non-GAAP financial metric, improved from $(9.1)... More