Rosetta Stone 2014 Annual Report Download - page 40
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Table of Contents
Revenue
Product
$ 136,251
$ 156,792
$ 180,919
Subscription and service
125,602
107,853
92,322
Total revenue
261,853
264,645
273,241
Cost of revenue
Cost of product revenue
34,192
32,191
33,684
Cost of subscription and service revenue
18,862
13,523
15,226
Total cost of revenue
53,054
45,714
48,910
Gross profit
208,799
218,931
224,331
Operating expenses:
Sales and marketing
173,208
146,104
150,882
Research and development
33,176
33,995
23,453
General and administrative
57,120
56,432
55,262
Impairment
20,333
—
—
Lease abandonment and termination
3,812
842
—
Total operating expenses
287,649
237,373
229,597
Loss from operations
(78,850)
(18,442)
(5,266)
Other income and (expense):
Interest income
17
117
187
Interest expense
(233)
(61)
—
Other income and (expense)
(1,129)
368
3
Other income and (expense), net
(1,345)
424
190
Loss before income taxes
(80,195)
(18,018)
(5,076)
Income tax (benefit) expense
(6,489)
(1,884)
28,909
Net loss
$ (73,706)
$ (16,134)
$ (33,985)
Loss per share:
Basic
$ (3.47)
$ (0.75)
(1.61)
Diluted
$ (3.47)
$ (0.75)
$ (1.61)
Common shares and equivalents outstanding:
Basic weighted average shares
21,253
21,528
21,045
Diluted weighted average shares
21,253
21,528
21,045
Cost of sales
108
175
288
Sales and marketing
1,975
1,840
1,185
Research and development
958
1,460
1,547
General and administrative
3,721
5,766
4,989
$ 6,762
$ 9,241
$ 8,009
38