Our business is organized into three operating segments: Literacy, E&E Language, and Consumer Language. Although COVID-19 has not materially impacted our ability to operate our business to date, we are continuing to monitor the situation and are reviewing our preparedness plans should we begin to experience material impacts. Also, we deliver our products under a SaaS subscription model that allows us to deliver our services remotely, which may be important in situations in which schools and workplaces might be closed. We do not have significant supply chain dependencies outside the United States. These actions have had negative impacts on the economic environment. In these areas, local authorities have taken a variety of steps to protect its citizens, including closing schools and workplaces and requiring people to stay at home and to not congregate in large numbers. As the virus has spread, it has significantly impacted the health and economic environment in China and in other parts of the world. In late 2019, a strain of the Coronavirus (COVID-19) surfaced in Wuhan, China. To position the organization for success, our focus is on the following priorities:Īccelerate growth and increase intrinsic value. This focus extends to the Consumer Language segment, where we continue to make product investments serving the needs of passionate language-learners who are mobile, results-focused and value a quality language-learning experience.
We continue to emphasize the development of products and solutions for learners who need to speak and read English. and English language-learning around the globe, and we are uniquely positioned with the power of our global brand to meet the growing needs of global learners. We believe the demand is growing for e-learning based literacy solutions in the U.S. was incorporated in Delaware in 2005.Īs our Company has evolved, we believe that our current portfolio of language and literacy products and our Software-as-a-Service (“SaaS”) based delivery model provide multiple opportunities for long-term value creation. Today, Lexia helps students build foundational reading skills through its rigorously researched, independently evaluated, and widely respected instruction and assessment programs. Lexia Learning, Rosetta Stone's literacy education division, was founded more than 30 years ago and is a leader in the literacy education space. Our innovative digital solutions drive positive learning outcomes for the inspired learner at home or in schools and workplaces around the world.įounded in 1992, Rosetta Stone's language division uses cloud-based solutions to help all types of learners read, write, and speak world languages. (“Rosetta Stone,” “the Company,” “we” or “us”) is dedicated to changing people's lives through the power of language and literacy education.
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