Rosetta Stone 2014 Annual Report Download - page 100
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Table of Contents
Summarized quarterly supplemental consolidated financial information for 2014 and 2013 are as follows (in thousands, except per share amounts):
2014
Revenue
$ 60,765
$ 57,315
$ 64,515
$ 79,258
Gross profit
$ 48,594
$ 45,355
$ 51,528
$ 63,322
Net loss
$ (20,241)
$ (15,750)
$ (16,178)
$ (21,537)
Basic loss per share
$ (0.96)
$ (0.74)
$ (0.76)
$ (1.01)
Shares used in basic per share computation
21,125
21,252
21,305
21,327
Diluted loss per share
$ (0.96)
$ (0.74)
$ (0.76)
$ (1.01)
Shares used in diluted per share computation
21,125
21,252
21,305
21,327
2013
Revenue
$ 63,924
$ 62,139
$ 60,872
$ 77,710
Gross profit
$ 53,660
$ 51,915
$ 50,128
$ 63,228
Net income (loss)
$ (4,904)
$ (3,213)
$ (4,169)
$ (3,848)
Basic loss per share
$ (0.23)
$ (0.15)
$ (0.19)
$ 0.18
Shares used in basic per share computation
21,360
21,569
21,827
21,353
Diluted loss per share
$ (0.23)
$ (0.15)
$ (0.19)
$ (0.18)
Shares used in diluted per share computation
21,360
21,569
21,827
21,353
On March 11, 2015, the Company announced that it will be implementing a reorganization and realignment to pursue the most attractive
opportunities for shareholder value. To accomplish this, the Company is accelerating its plan to prioritize the Global Enterprise & Education segment.
Specifically, the Company will focus on addressing the needs of educators and corporations, where the most profitable growth potential is anticipated.
Simultaneously, the Company is implementing a program to reduce costs as part of an alignment of resources around its Global Enterprise & Education
segment, including reducing global non-Enterprise & Education headcount by approximately 15%. This program is expected to result in annual expense
reductions of approximately $50 million with optimization targeted in Consumer sales and marketing, Consumer product investment, and general and
administrative costs. These cost savings will be reinvested into growing the Global Enterprise & Education segment and are expected to largely offset
declines in the Consumer segment. These actions are expected to result in an estimated $7 million charge in the first quarter of 2015, largely reflecting cash
separation payments.
F-43