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Research Solutions(RSSS) - 2025 Q3 - Quarterly Report
2025-05-09 20:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 001-39256 RESEARCH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) ( ...
Research Solutions Inc. (RSSS) Meets Q3 Earnings Estimates
ZACKS· 2025-05-08 22:31
Research Solutions Inc. (RSSS) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.07, delivering a surprise of -450%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Research Solutions, whic ...
Research Solutions(RSSS) - 2025 Q3 - Earnings Call Transcript
2025-05-08 22:00
Research Solutions (RSSS) Q3 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon, everyone, and thank you for participating in today's conference call to discuss Research Solutions' financial and operating results for its fiscal twenty twenty five third quarter ended 03/31/2025. As a reminder, this call is being recorded. I would now like to turn the conference over to your host, John Beisler, Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good afternoon, everyone. Th ...
Research Solutions(RSSS) - 2025 Q3 - Quarterly Results
2025-05-08 20:38
Exhibit 99.1 FOR IMMEDIATE RELEASE Research Solutions Reports Fiscal Third Quarter 2025 Results Reports 23 Percent Increase in ARR to $20.4 Million and 43 Net New Platform Deployments, Positive Net Income and Record Adjusted EBITDA and Cashflow HENDERSON, Nev., May 8, 2025 — Research Solutions, Inc. (NASDAQ: RSSS), the leading AI-powered research workflow platform, reported financial results for its fiscal third quarter ended March 31, 2025. Fiscal Third Quarter 2025 Summary Conference Call Research Solutio ...
Research Solutions to Announce Third Quarter Fiscal 2025 Results on Thursday, May 8, 2025
Prnewswire· 2025-04-29 17:44
Company Overview - Research Solutions, Inc. (NASDAQ: RSSS) is a vertical SaaS and AI company that simplifies research workflow for academic institutions, life science companies, and research organizations worldwide [4] - The company operates as a publisher-independent marketplace for scientific, technical, and medical (STM) content, combining AI-powered tools with access to both open access and paywalled research [4] - The platform enhances the efficiency of discovering, accessing, managing, and analyzing scientific literature, thereby accelerating scientific discovery [4] Upcoming Financial Results - Research Solutions will hold a conference call to discuss its financial results for the fiscal 2025 third quarter ended March 31, 2025 [1] - The conference call is scheduled for Thursday, May 8, 2025, at 5:00 p.m. ET [2] - A press release with the financial results will be issued after market close and prior to the call [1] Conference Call Details - The conference call will be hosted by President and CEO Roy W. Olivier and CFO Bill Nurthen, followed by a Q&A session [2] - Participants are encouraged to dial in 5-10 minutes before the start time using the provided dial-in number and conference ID [2] - A replay of the conference call will be available after 8:00 p.m. ET on the same day through June 8, 2025 [3]
Research Solutions Launches Advanced Reasoning AI Model Optimized For Scientific Research
Prnewswire· 2025-03-20 12:49
Core Insights - Research Solutions has announced significant enhancements to its AI product, Scite Assistant, aimed at providing enterprise customers with more accurate responses to complex research questions and tasks [1][6]. Group 1: Product Enhancements - The latest version of Scite utilizes OpenAI's o3-mini with reasoning, a more powerful engine that enhances the AI's capabilities [2]. - Scite's reasoning models are specifically trained to evaluate multiple potential approaches and solve multi-step problems methodically, unlike standard AI models that rely primarily on pattern recognition [3]. - The new model allows for customizable reasoning intensity, enabling users to control the depth of analysis before generating responses, alongside existing settings for journal selection and publication date ranges [4]. Group 2: Performance Improvements - Research Solutions has prepared detailed comparison documents that showcase substantial quality improvements in outputs from the previous and new versions of Scite across various research scenarios [5]. - The enhancements are expected to deliver better information synthesis, improved identification of nuances and conflicting evidence, and higher-quality outputs compared to other AI research tools on the market [4]. Group 3: Company Overview - Research Solutions operates as a vertical SaaS and AI company, simplifying research workflows for academic institutions, life science companies, and research organizations globally [7]. - The company uniquely combines AI-powered tools with access to both open access and paywalled research, facilitating efficient discovery, access, management, and analysis of scientific literature [7].
Research Solutions Launches Clearinghouse For AI Rights To Scientific Literature
Prnewswire· 2025-03-10 12:30
New Solution Supports Growing Demand for AI-Enabled Research & Development Market, Enabling Research Efficiency To Meet Modern DemandsHENDERSON, Nev., March 10, 2025 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a leader in AI-powered scientific research software, announces the launch of an innovative solution that allows customers to purchase legal rights to use scientific journal content within AI applications. For articles from participating publishers, AI use rights can be acquired in the same chec ...
Research Solutions Unveils New AI Capabilities to Extract Data from Scientific Literature
Prnewswire· 2025-02-19 13:00
New Tables Capability Transforms Research Data into Structured Insights for More Efficient Literature AnalysisHENDERSON, Nev., Feb. 19, 2025 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a leader in AI solutions built for researchers, announced the launch of Tables in Scite Assistant, a significant advancement in research capabilities that helps researchers automatically extract and analyze data from scientific literature. This enhancement reinforces Scite's position in the growing market for AI resear ...
Research Solutions(RSSS) - 2025 Q2 - Quarterly Report
2025-02-14 21:00
Table of Contents For the quarterly period ended: December 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (310) 477-0354 For the transition period from _____________ to _____________ (Registrant's telephone number, including area code) Securities registered pursuant to Sectio ...
Research Solutions(RSSS) - 2025 Q2 - Earnings Call Transcript
2025-02-14 03:25
Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $11.9 million, a 15.5% increase from Q2 2024 [13] - Platform subscription revenue increased 47% to $4.6 million, driven by net increase in Platform deployments and contributions from Scite [13] - Annual recurring revenue (ARR) reached $19.1 million, up 23% year-over-year, with net incremental ARR growth of approximately $1.5 million [14] - Gross margin for Q2 was 48.9%, a 540-basis-point improvement over the prior year [17] - Net loss for the quarter was $2 million or $0.07 per share, compared to a net loss of $54,000 in the prior year [21] Business Line Data and Key Metrics Changes - B2B ARR was $12.7 million, while normalized ARR associated with Scite's B2C subscribers was approximately $6.4 million [14] - Transaction revenue for Q2 was $7.3 million, a 1.7% increase from the prior year [16] - The Platforms business recorded a gross margin of 86.5%, a 210-basis-point increase compared to the prior year [18] Market Data and Key Metrics Changes - The total active customer count for the quarter was 1,384, compared to 1,398 in the same period a year ago [16] - B2C experienced a slowdown at the end of the quarter due to the holiday break, impacting new signups [10] Company Strategy and Development Direction - The company reorganized its sales team into corporate-focused and academic-focused teams, resulting in strong performance in both segments [8] - Continued focus on improving customer acquisition costs (CAC) and CAC-to-LTV ratios while investing in sales and marketing [35][27] - Emphasis on enhancing product offerings, particularly in integrating AI into existing platforms [36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the organic growth in the Platforms business and expects acceleration in bookings in Q4 and FY 2026's Q1 [35][26] - The company anticipates that the upcoming quarters will show improved cash flow results as they enter their strongest seasonal period [25] Other Important Information - Adjusted EBITDA for the quarter was $963,000, compared to $318,000 in the year-ago quarter [23] - The company experienced a strong quarter of cash generation, with cash and cash equivalents at $7.7 million as of December 31, 2024 [25] Q&A Session Summary Question: Can you help us understand new logo wins versus cross-sells in the $1.5 million of incremental ARR? - Management indicated that the quarter was driven primarily by new logo sales, with some success in cross-selling Scite into existing Article Galaxy customers [50][52] Question: What is the expected impact of seasonal trends on B2C performance? - Management noted that B2C typically performs well in fiscal Q2 and Q3, with a slowdown expected in mid-December to mid-January [54][56] Question: How have AI costs trended over time? - AI costs have halved since joining Research Solutions, with ongoing evaluations of new models for ROI [58][60] Question: What is the competitive advantage regarding exclusive content access? - Management emphasized that exclusive access to content, combined with a focus on specialized workflows, is a key differentiator in the AI space [64][68] Question: Can you elaborate on the 75% growth for Scite? - The 75% growth was attributed to a mix of new sales and cross-sells, with a significant emphasis on new sales following the integration of Scite into the company [78][80]