Research Solutions(RSSS)

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Research Solutions(RSSS) - 2025 Q1 - Quarterly Results
2024-11-14 21:13
Exhibit 99.1 FOR IMMEDIATE RELEASE Research Solutions Reports Fiscal First Quarter 2025 Results Reports 60% Increase in ARR to $17.6 Million, Positive Net Income and Cash Flow, Adjusted EBITDA of $1.3 Million HENDERSON, Nev., November 14, 2024 — Research Solutions, Inc. (NASDAQ: RSSS), the leading AI-powered research workflow platform, reported financial results for its fiscal first quarter ended September 30, 2024. Fiscal First Quarter 2025 Summary · Total revenue of $12.0 million, a 20% increase from the ...
Research Solutions Reports Fiscal First Quarter 2025 Results
Prnewswire· 2024-11-14 21:05
Reports 60% Increase in ARR to $17.6 Million, Positive Net Income and Cash Flow, Adjusted EBITDA of $1.3 MillionHENDERSON, Nev., Nov. 14, 2024 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), the leading AI-powered research workflow platform, reported financial results for its fiscal first quarter ended September 30, 2024.Fiscal First Quarter 2025 Summary Research Solutions, Inc. Logo (PRNewsfoto/Research Solutions, Inc.) Total revenue of $12.0 million, a 20% increase from the prior-year quar ...
Research Solutions to Announce First Quarter Fiscal 2025 Results on Thursday, November 14, 2024
Prnewswire· 2024-11-04 18:50
HENDERSON, Nev., Nov. 4, 2024 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), the leading AI-powered research workflow platform, will hold a conference call to discuss its financial results for the fiscal 2025 first quarter ended September 30, 2024, on Thursday, November 14, 2024, at 5:00 p.m. ET. A press release containing the company's financial results will be issued following the market close and prior to the call.Research Solutions President and CEO Roy W. Olivier and CFO Bill Nurthen will hos ...
Research Solutions and Karger Publishers Collaborate to Enrich Journal Content with Scite Smart Citations
Prnewswire· 2024-10-08 14:43
HENDERSON, Nev., Oct. 8, 2024 /PRNewswire/ -- Scite, an award-winning platform within the Research Solutions (NASDAQ: RSSS) product family and used by more than one million students and researchers to discover and better understand scientific literature, has expanded its partnership with Karger Publishers. Karger, a prominent family-led biomedical and health science publisher, now features Scite's citation badges on each of its journal article pages across 100 medical journals on Karger.com. Research Soluti ...
Research Solutions Unveils New Brand Identity Reflecting Company's AI Transformation
Prnewswire· 2024-09-24 12:24
Rebrand Underscores Company's Purpose Statement of Advancing the World's Knowledge by Accelerating Research HENDERSON, Nev., Sept. 24, 2024 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), the leading AIpowered research workflow platform, unveils a new brand and product suite. The new identity reflects the company's deep integration of AI capabilities into their platform and its strategy to support the evolving needs of researchers in every industry. Research Solutions' new look and feel represents a comm ...
Research Solutions(RSSS) - 2024 Q4 - Annual Report
2024-09-20 20:00
Revenue Growth - Research Solutions reported a significant increase in revenue, reaching $XX million, representing a YY% growth compared to the previous year[10] - Revenue is derived from two main sources: annual licenses for premium features of the cloud-based SaaS platform and transactional sales of STM content[30] - The company aims for organic growth through targeted promotions and improving operations to support future growth[25] Content and Offerings - The company has over 100 million existing STM articles and publishes 2 to 4 million new STM articles annually, enhancing its content offerings[17] - The company offers over 100 million existing STM articles and publishes 2 to 4 million new STM articles each year, facilitating access for researchers[17] Customer Loyalty and Satisfaction - The gross churn rate is in the low single digits, indicating strong customer loyalty and satisfaction[22] - The company has a low gross churn rate in the low single digits and a net churn rate in the high single digits, indicating strong customer loyalty[22] Marketing Strategy - Research Solutions employs a segment-focused marketing approach, targeting various industries including pharmaceuticals, biotechnology, and academic sectors[24] - The company employs a segment-focused marketing approach to penetrate various markets, including pharmaceuticals, biotechnology, and medical devices[24] - The company utilizes a variety of marketing tactics, including digital marketing and educational content, to acquire new customers and retain existing ones[35] Technology and Innovation - AI technology is integrated into the research workflow, enhancing the capabilities of the company's Platforms[19] - The company plans to release several new Platform solutions using Resolute.ai and scite.ai technology to enhance research workflows[16] - The average delivery time for single article requests is generally under one hour, with most delivered in under one minute[18] - The Platforms are designed to deliver articles to customers generally in under an hour, often in less than one minute, improving efficiency[18] Strategic Direction and Management - The management team has extensive experience in the information services and STM publishing industries, contributing to the company's strategic direction[21] - The company is focused on product differentiation and the development of new products to attract both new and existing customers[26] Supplier Relationships - Approximately 44% of content costs for the years ended June 30, 2024, and 2023, were from the three largest suppliers, indicating a reliance on a small number of content providers[34] - Approximately 44% of content costs in 2024 were derived from the three largest suppliers, highlighting dependency on a limited number of content sources[34] - The company has established relationships with hundreds of content publishers, which is essential for its market presence and customer satisfaction[23] - The company has established relationships with hundreds of content publishers, enhancing its market presence and ability to meet customer needs[23] International Expansion - The company has expanded internationally, particularly in Europe and Japan, and may pursue further international growth through partnerships or acquisitions[28] Recent Acquisitions - Recent acquisitions include Resolute Innovation, Inc. and Scite, Inc., enhancing the company's capabilities in search and evaluation of scientific articles[40][41] - On July 28, 2023, Research Solutions acquired 100% of the outstanding stock of Resolute Innovation, Inc., enhancing its capabilities in search and knowledge management powered by AI and NLP technologies[40] - On December 1, 2023, Research Solutions completed the acquisition of Scite, Inc., a platform for discovering and evaluating scientific articles through Smart Citations, improving its research capabilities[41] Workforce - The company employs 145 full-time employees as of September 13, 2024, indicating a stable workforce[42]
Research Solutions(RSSS) - 2024 Q4 - Earnings Call Transcript
2024-09-19 22:45
Research Solutions, Inc. (NASDAQ:RSSS) Q4 2024 Earnings Call Transcript September 19, 2024 5:00 PM ET Company Participants John Beisler - IR Roy Olivier - President and CEO Bill Nurthen - CFO Conference Call Participants Jacob Stephan - Lake Street Richard Baldry - ROTH Capital Allen Klee - Maxim Group LLC Avi Fisher - Long Cast Advisers Operator Good day, and welcome to the Research Solutions, Inc. Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instr ...
Research Solutions Inc. (RSSS) Q4 Earnings Match Estimates
ZACKS· 2024-09-19 22:16
Research Solutions Inc. (RSSS) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.01 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 break-even earnings, delivering a surprise of -100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Research Solutions, ...
Research Solutions(RSSS) - 2024 Q4 - Annual Results
2024-09-19 20:21
Exhibit 99.1 FOR IMMEDIATE RELEASE Research Solutions Reports Fourth Quarter and Fiscal Year 2024 Results Reports 18% Revenue Increase, ARR of $17.4 Million and Record Cash Flow HENDERSON, Nev., September 19, 2024 — Research Solutions, Inc. (NASDAQ: RSSS), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, reported record financial results for its fourth quarter and full fiscal year ended June 30, 2024. Fiscal Fourth Quarter 2024 Summary (compared ...
Research Solutions Reports Fourth Quarter and Fiscal Year 2024 Results
Prnewswire· 2024-09-19 20:05
Reports 18% Revenue Increase, ARR of $17.4 Million and Record Cash Flow HENDERSON, Nev., Sept. 19, 2024 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), a trusted partner providing cloudbased workflow solutions to accelerate research for R&D-driven organizations, reported record financial results for its fourth quarter and full fiscal year ended June 30, 2024. Fiscal Fourth Quarter 2024 Summary (compared to prior-year quarter) Research Solutions, Inc. Logo (PRNewsfoto/Research Solutions, Inc.)Resear ...