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), 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)
Research Solutions (NASDAQ: RSSS), a provider of cloud-based R&D workflow solutions, announced its participation in two upcoming investor conferences. The company will attend the Three Part Advisors Midwest IDEAS Conference on August 28, 2024, in Chicago, featuring a group presentation at 3:00pm ET and 1-on-1 meetings. A webcast will be available on the conference website.
Additionally, Research Solutions will participate in the Lake Street Capital Markets BIG8 Conference on September 12, 2024, in New York, offering 1-on-1 meetings. Interested qualified investors can contact Steven Hooser for the IDEAS conference or their Lake Street sales representative for the BIG8 conference.
Research Solutions (NASDAQ: RSSS) has announced preliminary financial results for Q4 and FY 2024, expecting record revenue and income from operations. Key highlights include:
- Q4 total revenue up 22% to ~$12.1M
- Q4 Platform revenue up 86% to ~$4.3M
- Annual Recurring Revenue (ARR) increased ~85% to $17.4M
- Q4 Adjusted EBITDA of ~$1.4M, up 70% YoY
- FY2024 total revenue up 18% to ~$44.6M
- FY2024 Platform revenue up 61% to ~$14M
The company anticipates a GAAP net loss in Q4 due to a $4.3M charge related to increased earn-out assumptions for the Scite acquisition. Despite this, Research Solutions reports strong cash flow and improved overall gross margin.
Research Solutions (NASDAQ: RSSS) has announced a partnership with Jisc, the UK digital agency for tertiary education and research. This collaboration will make Scite's AI platform more accessible to over 280 UK higher education and research institutions. Scite, now part of Research Solutions, offers Smart Citations and an AI Assistant to enhance research discovery and evaluation.
The platform provides powerful search capabilities across 187 million publications, 2 billion references, and 1.3 billion citation statements. It also offers workflows for identifying editorial concerns and instant reference analysis. This partnership aims to advance research quality by leveraging ethical AI technology, benefiting prestigious institutions like the University of Manchester and the University of Exeter.
Research Solutions, Inc. (NASDAQ: RSSS) reported a 17% revenue increase in the fiscal third quarter of 2024, reaching a total revenue of $12.1 million. The company achieved an 82% rise in Annual Recurring Revenue (ARR) to $16.6 million, with positive net income of $76,000 and record Adjusted EBITDA of $961,000. The quarter marked strong growth in both B2B and B2C ARR, along with the launch of two new product offerings. Research Solutions sees its expanded market delivering long-term value for shareholders.
Research Solutions, Inc. (NASDAQ: RSSS) will announce its financial results for the fiscal 2024 third quarter on May 9, 2024, following a conference call hosted by President and CEO Roy W. Olivier and CFO Bill Nurthen. The company specializes in cloud-based workflow solutions for R&D organizations.