Orlando, FL 5/8/12 (StreetBeat) -- Rosetta Stone (NYSE: RST) shares are trading sharply higher Tuesday morning after the producer of language instructional software posted better-than-expected Q1 financial results.For the quarter, the company reported revenue of $69.5 million and a loss of 9 cents a share, ahead of the Street consensus at $60.4 million and a loss of 42 cents a share. Adjusted EBITDA jumped to $1.3 million from a loss in the year ago quarter of $10 million. Revenues were up 22%, while bookings rose 17%.
CEO Stephen Swad said the strong quarter was driven by the U.S. consumer market. “Improved Web visits and conversion in the direct-to-consumer channel drove U.S. consumer results, while retail sell-through and same-store kiosk sales recorded double-digit gains in the quarter,” he writes. “In addition, we more efficiently managed our sales and marketing spending and lowered our general and administrative expenses from a year ago, which helped improve Adjusted EBITDA margins to positive 2% from negative 18% a year ago.”
For the full year, Rosetta Stone is projecting sales of $270 million to $285 million, with a loss of 20-33 cents a share. Street consensus had been $280.6 million and a loss of 64 cents a share.
RST this morning is up $1.32, or 12.4%, to $12.
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.
StreetBeat Disclaimer
No comments:
Post a Comment