Rosetta Stone Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of $42,808,000 compared to $47,693,000 a year ago. Loss from operations was $5,655,000 compared to income from operations of $945,000 a year ago. Loss before income taxes was $5,941,000 compared to income before income taxes of $1,154,000 a year ago. Net loss was $6,402,000 compared to net income of $454,000 a year ago. Loss per basic and diluted share was $0.29 compared to earnings per basic and diluted share of $0.02 a year ago. Net cash used in operating activities was $418,000 compared to net cash provided by operating activities of $5,756,000 a year ago. Purchases of property and equipment was $3,948,000 compared to $2,313,000 a year ago. Adjusted LBITDA was $1,290,000 compared to adjusted EBITDA of $5,155,000 a year ago.

The company expects that the majority of the company's second half positive cash flow will be generated in the third quarter 2018.