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 (RSSS) delivers cloud-based SaaS solutions that transform access to scientific research and intellectual property management. This news hub provides investors and research professionals with essential updates about the company’s evolving platform and market position.
Track official press releases, partnership announcements, and operational developments related to RSSS’s AI-driven research tools. Key updates include platform enhancements, strategic acquisitions like Scite and ResoluteAI, and regulatory compliance milestones impacting the scientific research sector.
Discover how RSSS continues to streamline access to STM content for pharmaceutical leaders and academic institutions through its Article Galaxy platform. This resource centralizes earnings reports, product innovation announcements, and industry analyses to inform data-driven decisions.
Bookmark this page for real-time updates on RSSS’s role in advancing research workflow automation and cloud-based intellectual property solutions. Stay informed about critical developments shaping the future of scientific data management.
Research Solutions (NASDAQ: RSSS) reported fiscal Q2 2025 results with significant growth metrics. Total revenue increased 15.5% to $11.9 million, driven by a 47% rise in platform revenue to $4.6 million. Annual Recurring Revenue (ARR) grew 23% to $19.1 million, including $12.7 million in B2B and $6.4 million in B2C recurring revenue.
The company achieved its best organic performance with 61 net new B2B platform deployments and recorded a nearly $1 million sequential increase in B2C recurring revenue. Gross profit improved 30% with margins expanding 540 basis points to 48.9%. However, the company reported a net loss of $2.0 million ($0.07 per share), primarily due to a $2.4 million charge related to Scite's contingent earnout liability. Adjusted EBITDA reached $963,000, up from $318,000 in the prior year, with trailing twelve-month Adjusted EBITDA of $4.6 million representing a 9.5% margin.
Research Solutions (NASDAQ: RSSS), an AI-powered research workflow platform, has scheduled its fiscal 2025 second quarter financial results conference call for Thursday, February 13, 2025, at 5:00 p.m. ET. The results will cover the period ended December 31, 2024. CEO Roy W. Olivier and CFO Bill Nurthen will host the call, which will include a Q&A session.
The conference call details include a dial-in number (1-203-518-9848) with Conference ID: RESEARCH. A live broadcast and replay will be available through the company's investor relations website. A replay option will be accessible until March 13, 2025, via 1-412-317-6671 with replay ID 11157678.
Research Solutions (NASDAQ: RSSS) reported a 250% year-over-year growth in usage of its AI-powered research platform, Scite, while achieving a 50% reduction in AI-related technology costs. The platform's key features include comprehensive coverage of scientific research through expanded AI rights, full-text search capabilities for both paid and open access content, proprietary citation ranking data, and flexible AI model options including GPT-4o-Mini and Haiku.
The platform's success is demonstrated through its implementation at Clemson University, where it has enhanced research workflows and improved access to scientific literature. The company's unique value proposition lies in its extensive publisher agreements, providing comprehensive access to scholarly content and the ability for enterprise customers to incorporate proprietary research, documents, and in-house AI models.
Research Solutions (NASDAQ: RSSS) has appointed Sefton Cohen as Chief Revenue Officer to accelerate its transformation from a scientific content provider to an AI-enabled research intelligence platform. Cohen brings over 20 years of SaaS experience, previously serving as CRO at Suralink and RapidRatings, where he led a commercial transformation resulting in a $240 million private equity exit. At Research Solutions, Cohen will lead global revenue operations, focusing on scaling platform revenue while maintaining high customer satisfaction. The appointment aligns with the company's recent expansion in AI capabilities, including the launch of literature discovery tools leveraging over 1.2 billion citation statements.
Research Solutions (NASDAQ: RSSS) reported strong fiscal Q1 2025 results with total revenue increasing 20% to $12.0 million. The company achieved significant growth with Platform revenue up 67% to $4.3 million and Annual Recurring Revenue (ARR) rising 60% to $17.6 million. Notable improvements include a record gross margin of 47.9%, net income of $669,000 ($0.02 per diluted share), and Adjusted EBITDA of $1.3 million. The company demonstrated positive cash flow from operations of $0.8 million, marking a substantial improvement from the prior year's $0.8 million burn rate.
Research Solutions (NASDAQ: RSSS), an AI-powered research workflow platform, has scheduled its fiscal 2025 first quarter financial results conference call for November 14, 2024, at 5:00 p.m. ET. The company will release its financial results for the quarter ended September 30, 2024, after market close on the same day. CEO Roy W. Olivier and CFO Bill Nurthen will host the call, which will include a Q&A session. The call will be accessible via dial-in and webcast, with a replay available until December 14, 2024.
Research Solutions (NASDAQ: RSSS) has expanded its partnership with Karger Publishers through its Scite platform. Karger, a biomedical and health science publisher, now features Scite's Smart Citation badges on its journal article pages across 100 medical journals on Karger.com. Smart Citations provide context beyond traditional citations by showing citation statements and classifying whether citing articles offer supporting or contrasting evidence.
Scite has analyzed over 1.3 billion citation statements from more than 37 million full-text articles. The collaboration aims to enrich and accelerate the research experience, making scientific literature more discoverable and understandable. Karger joins over 40 major and mid-sized publishers in integrating Smart Citations, adding to the 3.5 million articles that already display this feature from publishers like Wiley, The Royal Society, and Wolters Kluwer.
Research Solutions (NASDAQ: RSSS), an AI-powered research workflow platform, has unveiled a new brand identity and product suite. This rebranding reflects the company's integration of AI capabilities and its strategy to support evolving researcher needs across industries. The new identity emphasizes the company's commitment to accelerating progress through advancing global knowledge.
Following recent acquisitions of ResoluteAI and Scite.ai, Research Solutions is focusing on delivering AI-powered solutions for corporate and academic innovation across key workflow stages: Discover, Access, Manage, and Analyze. The company is enhancing its industry-leading tools to create a comprehensive product family, including AI-powered search, contextualized citation insights, customizable data dashboards, collaboration tools, and advanced analytics.
The rebranding aims to differentiate Research Solutions in a competitive market, highlighting its strengths and positioning as a long-term strategic partner to the research community.
Research Solutions (NASDAQ: RSSS) reported strong financial results for Q4 and fiscal year 2024. Key highlights include:
- Q4 total revenue up 22% to $12.1 million
- Q4 platform revenue up 86% to $4.3 million
- Annual Recurring Revenue (ARR) up 84% to $17.4 million
- Q4 Adjusted EBITDA up 70% to $1.4 million
- FY2024 total revenue up 18% to $44.6 million
- FY2024 platform revenue up 61% to $14.0 million
The company completed two acquisitions, positioning itself as a vertical SaaS and AI company for researchers. Despite a net loss of $2.8 million in Q4 and $3.8 million for FY2024, largely due to acquisition-related expenses, Research Solutions achieved record cash flow and expects continued ARR growth and expanded Adjusted EBITDA margins.
Research Solutions (NASDAQ: RSSS), a provider of cloud-based workflow solutions for R&D organizations, has announced its upcoming financial results conference call. The call, scheduled for Thursday, September 19, 2024, at 5:00 p.m. ET, will discuss the company's fourth quarter and full-year fiscal 2024 results ended June 30, 2024. CEO Roy W. Olivier and CFO Bill Nurthen will host the event.
Key details include:
- Financial results press release to be issued before the call
- Dial-in number: 1-412-317-5180
- Live broadcast and replay available on the company's investor relations website
- Replay available until October 19, 2024 (Dial: 1-412-317-6671, ID: 10191850)
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