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ROSETTA STONE INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 6, 2020. Its latest SEC filing is a SC 13G/A from Feb 12, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells digital language-learning subscriptions and literacy instruction and assessment products to individuals, schools, businesses, government agencies, and other organizations.

How Did They Make Money?

Customers pay for hosted software subscriptions over a contract term, with payments often received in advance. Short-term online coaching and implementation services are paid as those services are provided.

FY2019 revenue

Who Were Their Customers?

Schools and educational institutions, businesses, and government agencies buy language and literacy solutions, mainly through direct sales teams and also through resellers. Individuals buy language products through the company’s websites, apps and call centers, as well as retailers and other distributors.

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▲ +7%
vs $45.9M in Q2 FY2019
  • Oct 15, 2020 Cambium Learning completed its acquisition of Rosetta Stone Rosetta Stone became a wholly owned subsidiary of Cambium, and trading of its shares on the New York Stock Exchange was suspended.
  • Aug 31, 2020 Rosetta Stone agreed to be acquired by Cambium Learning The agreement provided for an all-cash offer of $30 per share, with closing expected in the fourth quarter of 2020.
  • Aug 6, 2020 Rosetta Stone raised its 2020 full-year guidance The company said it was increasing guidance for bookings, revenue, adjusted EBITDA and year-end cash.

Shrank. Revenue fell 16% in 4 years, from $217.7M in FY2015 to $182.7M in FY2019, about 4% a year.

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