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 (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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