Research Solutions, Inc. reports developments in AI-powered research workflow software for research-intensive organizations. The company provides cloud-based SaaS platforms and services that support access to scientific literature, intellectual property workflows, and electronic delivery of individual articles. Its revenue mix includes platform subscription fees and transaction service fees tied to article acquisition and delivery.
Recurring news themes include financial results, platform revenue and transaction activity, product launches for Scite and Article Galaxy, and integrations that connect scientific literature access with AI assistants, developer tools, APIs, and Model Context Protocol workflows. Company updates also cover institutional customer relationships, international expansion, management changes, and governance-related announcements.
Research Solutions (NASDAQ: RSSS) announced that its Interim President & CEO Roy W. Olivier and CFO Alan Urban will participate in the Midwest IDEAS Investor Conference on August 26, 2021. Their presentation will be available starting at 7:00 am CT on August 25, accessible via the conference site. This event, managed by Three Part Advisors, LLC, is part of an annual series held in Boston, Chicago, and Dallas. Research Solutions provides cloud-based technologies for R&D-driven organizations, with its Article Galaxy platform serving over 70% of top pharmaceutical companies and universities.
Research Solutions (NASDAQ: RSSS) announced the launch of Article Galaxy 3.0, enhancing its cloud-based platform for scientific literature management. This upgrade offers features like one-click access to over 100 million articles, improved search functionality, and a corporate PDF library for easier collaboration. Existing users will transition to this version at no extra cost, reflecting the company's commitment to streamline research processes and reduce costs for customers.
Research Solutions, Inc. (NASDAQ: RSSS), known for cloud-based workflow solutions, will participate in the virtual East Coast IDEAS Investor Conference on June 16-17, 2021. The presentation is set to be available at 7:00 am CDT on June 16, accessible through the conference site. This annual event is organized in cities like Boston, Chicago, and Dallas by Three Part Advisors, LLC. Research Solutions offers the Article Galaxy platform, widely used by leading pharmaceutical companies and universities for efficient access to scientific research.
Research Solutions, Inc. (NASDAQ: RSSS) reported strong financial performance for its fiscal 2021 third quarter ending March 31, 2021. Key highlights include a 32% increase in platform revenue to $1.3 million, and annual recurring revenue rose 34% to $5.6 million. Total revenue grew 4% to $8.3 million. Net income improved to $50,000 compared to $12,000 a year prior, while adjusted EBITDA reached a record $238,000. Operating expenses were up by 4%, primarily due to increased technology and product development costs.
Research Solutions, Inc. (NASDAQ: RSSS) announced a conference call scheduled for May 13, 2021, at 5:00 p.m. ET to discuss its financial results for the fiscal 2021 third quarter ending March 31, 2021. The call will be led by Interim President and CEO Roy W. Olivier and CFO Alan Urban, followed by a Q&A session. Interested participants can join using the toll-free number 1-855-327-6837 or international number 1-631-891-4304. A replay will be available post-call until June 3, 2021.
Research Solutions, Inc. (NASDAQ: RSSS) has announced a transition in its executive management. Effective March 29, 2021, Peter Derycz becomes Executive Chairman, while Roy W. Olivier takes on the role of Interim President and CEO as the board searches for a permanent leader. Derycz, founder of the company, will focus on strategy and product development. Olivier aims to leverage his experience to drive growth, particularly through M&A opportunities. This change is part of the company's effort to enhance its cloud-based SaaS offerings and increase shareholder value.
Research Solutions, Inc. (NASDAQ: RSSS) will participate in the Virtual 33rd Annual ROTH Conference from March 15-17, 2021. CEO Peter Dercyz and CFO Alan Urban will hold virtual one-on-one meetings at the event. The company specializes in cloud-based workflow solutions for R&D organizations, streamlining access to scientific research through its platform, Article Galaxy. With over 70% of leading pharmaceutical companies and universities relying on its services, it offers both individual and enterprise plans with 24/7 customer support.
Research Solutions, Inc. (NASDAQ: RSSS) reported its fiscal 2021 second-quarter results, highlighting a 29% increase in platform revenue to $1.2 million and a 35% rise in annual recurring revenue to $5 million. Despite a 1% decline in total revenue to $7.4 million, the net loss improved by 56% to $(261,000), with loss per share at $(0.01). Adjusted EBITDA rose to $161,000, a significant improvement of $345,000. The company continues to transition towards higher-margin SMB customers, impacting transaction revenue, which decreased by 5%.
Research Solutions, Inc. (NASDAQ: RSSS) will announce its financial results for the fiscal 2021 second quarter, ending December 31, 2020, during a conference call on February 11, 2021, at 5:00 p.m. ET. The press release detailing the financial results will be issued after market close before the call. CEO Peter Derycz and CFO Alan Urban will host the call, providing insights and engaging in a Q&A session. A replay will be accessible until March 4, 2021, post the initial call.
Research Solutions, Inc. (NASDAQ: RSSS) reported a modest 2% increase in total revenue to $7.7 million for the first quarter of fiscal 2021. The platform revenue surged 33% to $1.1 million, with annual recurring revenue rising 35% to $4.7 million. Gross margins improved to 31.6%, up 110 basis points year-over-year. The company recorded a net income of $15,000, a significant turnaround from a loss of $81,000 in the previous year. Adjusted EBITDA also saw a remarkable improvement, up 369% to $167,000.