Rosetta Stone Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenue of $47.693 million compared to $48.002 million a year ago. Income from operations was of $0.945 million compared to loss of $8.187 million a year ago. Income before income taxes was of $1.154 million compared to loss of $7.058 million a year ago. Net income was $0.454 million or $0.02 per diluted share compared to net loss of $7.507 million or $0.34 per diluted share a year ago. Net cash provided by operating activities was $5.769 million compared to net cash used in operating activities were of $2.546 million a year ago. Purchases of property and equipment were of $2.313 million compared to $2.586 million a year ago. Adjusted EBITDA was $5.155 million compared to loss of $1.564 million a year ago. Capital expenditures, which primarily relate to capitalized labor on product and IT products -- projects, totaled $2.3 million, a slight decrease compared to $2.6 million in the first quarter last year. Free cash flow was positive $3.5 million compared to negative of $5.1 million in the year ago period.

The company provided earnings guidance for the year 2017. For the year, the company expects the GAAP revenue in the range of $182 million to $185 million. Adjusted EBITDA expected in the range of approximately $8 million to $10 million. Bookings expected to grow in the range of 20% to 25%.