Welcome to our dedicated page for Research Solutions news (Ticker: RSSS), a resource for investors and traders seeking the latest updates and insights on Research Solutions stock.
Research Solutions, Inc. (NASDAQ: RSSS) is a vertical SaaS and AI company that focuses on research workflows and scientific, technical, and medical (STM) content. This news page aggregates company-issued press releases and other coverage so readers can follow how Research Solutions develops its platforms, reports financial performance, and communicates with investors.
Recent news highlights the company’s positioning as an AI-powered research workflow platform serving academic institutions, life science companies, and research organizations worldwide. Articles describe the growth of its platform revenue and annual recurring revenue, as well as its emphasis on metrics such as Adjusted EBITDA and gross margin as it shifts more of its business toward SaaS and AI solutions.
Readers can expect updates on earnings releases and financial results, where the company reports revenue from its platforms and transactions, discusses ARR trends across B2B and B2C subscriptions, and comments on its progress toward goals such as a Rule of 40 framework. News items also cover product and feature launches, including AI-based offerings like Scite Rankings and the AI Rights add-on for Article Galaxy, which the company describes as addressing compliance needs around AI use of scientific literature.
Additional coverage includes corporate and governance developments, such as management changes, conference presentations, and information about upcoming earnings calls. Investors, researchers, and customers who follow RSSS news can use this page to monitor how the company’s SaaS platforms, AI capabilities, and financial profile evolve over time. For ongoing analysis, users may wish to revisit this page as new press releases and filings are published.
Research Solutions, Inc. (NASDAQ: RSSS) will announce its financial results for the first quarter of fiscal 2021, ending September 30, 2020, on November 12, 2020. The company’s President and CEO, Peter Derycz, along with CFO Alan Urban, will host a conference call at 5:00 p.m. ET to discuss these results, followed by a Q&A session. A press release will precede the call, and investors can access a replay of the call afterwards until December 3, 2020.
Research Solutions (NASDAQ: RSSS) has partnered with BIO Business Solutions to enhance access to scholarly literature for life sciences companies. This collaboration aims to provide members with significant savings and streamlined access to scientific content through Article Galaxy. Benefits include a 15% discount on subscriptions and a 20% reduction in article spending. More than 4,500 member organizations currently save over $511 million annually through BIO's cost-saving program, supporting innovation in biotechnology.
Research Solutions, Inc. (NASDAQ: RSSS) reported a 5.5% increase in fourth-quarter revenue to $7.9 million and a 7.9% rise in full-year revenue to $31.1 million for FY2020. Platform revenue surged 33% to $1.1 million in Q4 and 38% to $3.9 million for the year, with annual recurring revenue reaching $4.4 million. Gross margins improved to 31.8% in Q4 and 31.0% for the year. Adjusted EBITDA showed significant growth, increasing to $146,000 quarterly and $143,000 annually. Cash reserves rose to $9.3 million. The company successfully uplisted to NASDAQ on March 23, 2020.
Research Solutions, Inc. (NASDAQ: RSSS) will discuss its financial results for the fiscal fourth quarter and full year ended June 30, 2020, in a conference call on Thursday, September 24, 2020, at 5:00 p.m. ET. Following the market close, a press release will be issued with detailed financial results. The call will feature President and CEO Peter Derycz and CFO Alan Urban, followed by a Q&A session. Investors can dial in using the toll-free number or access a replay of the call until October 15, 2020. Research Solutions offers cloud-based workflow solutions primarily for R&D-driven organizations.
Research Solutions, Inc. (NASDAQ: RSSS) announced a partnership with FIZ Karlsruhe to launch the AutoDoc Academic Program, enhancing document delivery for academic institutions. This service offers fast, cost-effective access to scholarly articles when traditional methods fall short. The collaboration allows customers to obtain 100% native PDFs from over 30,000 journals at competitive prices. AutoDoc's established reputation in the academic sector aligns with Research Solutions' goal to support scientific discovery while ensuring compliance with copyright regulations.
Research Solutions (NASDAQ: RSSS) has announced the integration of its document retrieval solution, Article Galaxy, with the Dialog search platform. This partnership enables users to seamlessly access a wide range of content databases and obtain full-text journal articles quickly and affordably. The integration enhances user experience by significantly reducing the time needed for research discovery and access. It also supports researchers by providing a comprehensive search capability across over 140 databases, including 1.3 billion authoritative records. This collaboration aims to streamline literature acquisition and maximize cost-efficiency for research organizations.
Research Solutions (NASDAQ: RSSS) reported preliminary results for Q4 fiscal 2020, indicating a 5.5% revenue increase to approximately $7.9 million from $7.5 million year-over-year. Key highlights include a 33% rise in platform subscription revenue to $1.1 million and a 38% increase in annual recurring revenue to $4.4 million. The company is projected to have approximately $9.3 million in cash on hand, remaining debt-free. Full results will be reported on September 24, 2020.
Research Solutions (NASDAQ: RSSS) will participate in two virtual investor conferences: the Midwest IDEAS Conference on August 27 and the LD Micro 500 Conference on September 2. The Midwest IDEAS presentation will be available via webcast at 7:00 am CT on August 26, while the LD Micro presentation is scheduled for 4:00 pm ET on September 2. Interested investors can find links to the presentations on their respective conference websites. Research Solutions specializes in cloud-based workflow solutions for research and development organizations.
Research Solutions, Inc. (NASDAQ: RSSS) has launched a platform integration with Evidence Partners, enhancing systematic literature reviews. This collaboration combines DistillerSR and Article Galaxy, aiming to deliver significant time and cost efficiencies. Key benefits include up to 90% reduction in literature screening time and immediate access to full-text articles, optimizing research workflows. This integration positions RSSS to improve its service offerings in the R&D sector, benefiting academic and pharmaceutical clients.
Research Solutions (NASDAQ: RSSS) has appointed Michiel van der Heijden as Chief Product Officer, enhancing its focus on strategic product development. This move aims to bolster customer-centric product innovation, led by van der Heijden, who brings extensive experience from his previous roles at Springer Nature and Elsevier. President and CEO Peter Derycz highlighted the company's success with its Article Galaxy platform and expressed excitement about van der Heijden's contribution amid rapid industry changes.