Rosetta Stone Reports Net Income as Pivot to SaaS Model Continues
Revenue is down overall, but the company reported net income for Q4.
Earlier this month, language software company Rosetta Stone Inc. (NYSE: RST) reported total revenue of $44.8 million in Q4 2017, a 13 percent decrease over Q4 2016 income of $51.7 million. Despite lower total revenue in the fourth quarter, Rosetta Stone reported net income of $2.4 million, or $0.10 per diluted share, a significant increase over a net loss of $5.6 million, or $(0.25) per diluted share, in the fourth quarter of 2016.
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