UPDATE: Rosetta Stone Posts Q4 Loss

Rosetta Stone, Inc. RST reported a loss for the fourth quarter on Wednesday. The Arlington, Virginia-based company posted a quarterly net loss of $21.5 million, or $1.01 per share, versus a year-ago loss of $3.8 million, or $0.18 per share. The latest quarter results included non-cash goodwill impairment charge of $18.0 million associated with the NA Consumer segment. Its total revenue rose 2% to $79.2 million, compared to $77.7 million. However, analysts were expecting a loss of $0.13 per share on revenue of $81.32 million. Global E&E segment revenue climbed 51%, while North America Consumer segment revenue dropped 11% to $48.0 million in the fourth quarter. Adjusted EBITDA gained to $12.7 million from $7.6 million. Total consolidated bookings climbed 15% y/y to $96.6 million in the fourth quarter, versus $84.0 million. At the end of the quarter, the company had $64.7 million in cash, versus $98.8 million at the end of the year-ago quarter. Steve Swad, President and Chief Executive Officer, said: "Today I am announcing an acceleration of our strategy and a prioritized focus on our Global E&E segment. Going forward, we will concentrate on addressing the needs of educators and corporations where we expect to see the most profitable long-term growth potential, recurring revenues from our customer base, and the attractive scale economics of a SaaS enterprise. We are taking immediate action to reorganize our business and lower our cost structure to reflect these changes, which we expect will accelerate revenue growth, enhance margins and increase cash flow." Rosetta Stone shares finished up 0.74% at $9.50 during regular trading hours.