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), 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.
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