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Rosetta Stone Q1 loss narrows YOY

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Rosetta Stone Q1 loss narrows YOY

Rosetta Stone Inc. said its first-quarter normalized net income amounted to a loss of 13 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 50 cents per share.

The per-share loss narrowed 66.7% year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.8 million, compared with a loss of $8.2 million in the prior-year period.

The normalized profit margin climbed to negative 5.9% from negative 14.1% in the year-earlier period.

Total revenue declined 17.9% on an annual basis to $48.0 million from $58.4 million, and total operating expenses declined 23.2% on an annual basis to $53.7 million from $69.9 million.

Reported net income came to a loss of $7.4 million, or a loss of 34 cents per share, compared to a loss of $20.0 million, or a loss of 95 cents per share, in the year-earlier period.