Rosetta Stone 2012 Annual Report Download - page 54

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Table of Contents

The following table sets forth our consolidated statement of operations for the periods indicated.
51

  


Revenue
Product $ 180,919 $ 195,382 $ 215,590
Subscription and service 92,322 73,067 43,278
Total Revenue 273,241 268,449 258,868
Cost of revenue
Cost of product revenue 33,684 36,497 32,549
Cost of subscription and service revenue 15,226 12,619 6,450
Total cost of revenue 48,910 49,116 38,999
Gross profit 224,331 219,333 219,869
Operating expenses:
Sales and marketing 151,646 161,491 130,879
Research and development 23,453 24,218 23,437
General and administrative 55,262 62,031 53,239
Lease abandonment — — (583)
Total operating expenses 230,361 247,740 206,972
Income (loss) from operations (6,030) (28,407) 12,897
Other income and expense:
Interest income 187 302 262
Interest expense — (5) (66)
Other (expense) income 3 142 (220)
Interest and other income (expense), net 190 439 (24)
Income (loss) before income taxes (5,840) (27,968) 12,873
Income tax expense (benefit) 29,991 (7,980) (411)
Net income (loss) (35,831) (19,988) 13,284
Income (loss) per share:
Basic $ (1.70) $ (0.96) $ 0.65
Diluted $ (1.70) $ (0.96) $ 0.63
Common shares and equivalents outstanding:
Basic weighted average shares 21,045 20,773 20,439
Diluted weighted average shares 21,045 20,773 21,187

Cost of sales $ 288 $ 55 $ 39
Sales and marketing 1,185 1,932 774
Research and development 1,547 2,448 1,181
General and administrative 4,989 7,918 2,393
$ 8,009 $ 12,353 $ 4,387