Rosetta Stone (RST) Post Q4 Loss of $1.01/Share; Plans Realignment
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Rosetta Stone Inc. Reports Fourth Quarter 2014 Results and Announces Strategy to Focus on Accelerating Enterprise and Education Growth
March 11, 2015 4:15 PM EDTEnterprise & Education Segment Reports 20% Bookings Growth; Consolidated Adjusted EBITDA Up 66% to $12.7 million
Company Announces Cost Reductions and Strategic Realignment
ARLINGTON, Va.--(BUSINESS WIRE)-- Rosetta Stone Inc. (NYSE: RST), a world leader in technology-based learning solutions, today announced financial results for the fourth quarter 2014 and a reorganization to prioritize its focus on growing its Global Enterprise and Education (E&E) segment.
Fourth Quarter 2014 Financial Highlights
Increased total bookings by 15% to $96.6 million Increased total revenues by 2% to $79.2 million... More