Rosetta Stone, Inc. announced that it will terminate 245 positions as it shuts down its remaining 56 kiosk locations in the U.S.

Rosetta Stone, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's total revenue was $63.9 million compared with $69.4 million a year ago. Net loss was $4.7 million or $0.22 per basic and diluted share compared with $1.9 million or $0.09 per basic and diluted share a year ago. Adjusted net loss was $0.62 million or $0.03 per share compared with $1.4 million or $0.07 per share a year ago. Adjusted EBITDA was $2.4 million compared with $1.7 million a year ago. The improvement in adjusted EBITDA was due to lower operating expenses that offset the decline in first quarter revenue. Net cash used in operating activities was $5.6 million compared with net cash provided by operating activities of $2.7 million a year ago. Purchases of property and equipment were $2.5 million compared with $0.97 million a year ago. Loss from operations was $4.1 million compared with $2.4 million a year ago. Net loss before income taxes was $3.7 million compared with $2.6 million a year ago. The decreasing cash from year-end was primarily due to a $7 million decrease in working capital combined with capital expenditures of $2.5 million. Free cash flow in the quarter was negative $8.2 million compared with positive $1.7 million a year ago. Deferred revenue was $59.9 million, an increase of $12.2 million compared with a year ago and a decrease of $3.6 million from the end of last year, reflecting normal seasonality for the company. The company reaffirmed earnings guidance for the full year 2013. For the year, the company expects revenue in the range of $280 million to $290 million, adjusted EBITDA in the range of $16 million to $18 million, adjusted net loss of $1 million to net income $1 million, adjusted loss per share of $0.02 to earnings per share $0.04, and capital expenditures in the range of $5 million to $8 million. For 2013, the company is still expecting to generate positive free cash flow with all of the increase expected to occur in the second half of the year. The company is point out that second quarter is typically its lowest adjusted EBITDA quarter and in 2013, will also be negatively impacted by the addition of Livemocha since the company is not able to immediately realize the benefits of the acquisition in this quarter. Accordingly, the company expects adjusted EBITDA to be flat to slightly down versus prior year.

Rosetta Stone, Inc. announced that they will report Q1, 2013 results After-Market on May 08, 2013