Arlington-based Rosetta Stone Inc. reported a loss of $4.6 million, or 24 cents a share, for the second quarter despite a 10 percent growth in revenue.
A provider of technology-based language-learning programs, the company said the loss was lower than anticipated. It was caused by investments to support growth in the international consumer market and lower gross margins as Rosetta Stone implemented its Version4 Totale online coaching and game programs. The company had a net profit of $3.7 million in the same quarter last year.
Rosetta Stone’s second-quarter revenue totaled $66.7 million, up from $60.5 million the year before.
Total sales bookings, executed sales contracts received by the company, rose 4 percent in the quarter ended June 30. U.S. consumer bookings declined 5 percent, and worldwide institutional books were down 1 percent, but international consumer bookings jumped 58 percent.
There are no comments for this entry