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, Inc. (NASDAQ: RSSS) reports significant onboarding progress with former AutoDoc customers, securing contracts for 70% of associated fee revenue. Effective January 1, 2023, these contracts have contributed to promising initial results, driving year-over-year transaction growth rates into the low teens, based on only two months of data. The company aims to convert these clients to its Article Galaxy platform, which offers enhanced document delivery services. This transition aligns with previous agreements in September 2022 to transfer document delivery customers, enhancing full-text delivery reliability and compliance.
Research Solutions (NASDAQ: RSSS) reported fiscal Q2 2023 results, showing a 10.7% increase in total revenue, reaching $8.7 million, marking two consecutive quarters of double-digit growth. Platform revenue surged 31% to $2.1 million, while Annual Recurring Revenue (ARR) rose 28% to $8.8 million. Gross profit improved 20% to $3.4 million, with gross margin reaching 39%. The company recorded a net loss of $0.01 per share, an improvement from $0.02 the previous year. Adjusted EBITDA stood at $201,000, up from a loss of $165,000. Positive cash flow from operations was reported at $0.9 million.
Research Solutions (NASDAQ: RSSS) will hold a conference call on February 9, 2023, at 5:00 p.m. ET to discuss its financial results for the second fiscal quarter ending December 31, 2022.
The call will be hosted by President and CEO Roy W. Olivier and CFO Bill Nurthen. Details for participating include a dial-in number of 1-631-891-4304 and Conference ID 10020971. A replay will be available post-call until March 9, 2023.
Research Solutions, founded in 2006, provides cloud-based technologies and serves over 70% of top pharmaceutical companies and prestigious universities.
Research Solutions, Inc. (NASDAQ: RSSS) will be participating in the Healthcare IT Virtual Conference on January 25th, 2023, at 12:00 PM ET. CEO Roy W. Olivier and CFO Bill Nurthen will represent the company during the event presented by Maxim Group LLC. Interested listeners can sign up via the M-Vest website or through a provided link.
Founded in 2006, Research Solutions specializes in cloud-based technologies for research and development organizations, serving over 70% of top pharmaceutical companies and universities with its Article Galaxy platform.
Research Solutions, Inc. (NASDAQ: RSSS) reported total revenue of $8.7 million for Q1 2023, representing a 12% increase year-over-year. The company saw platform revenue surge 34% to $2.0 million and Annual Recurring Revenue (ARR) rise 33% to $8.3 million. Net income reached $215,000 or $0.01 per diluted share, reversing a loss of ($372,000) from the prior year. The gross profit increased 26%, with a gross margin improvement to 38.6%. The company recorded positive cash flow from operations of $109,000.
Research Solutions, Inc. (NASDAQ: RSSS) is set to announce its financial results for the first fiscal quarter ending September 30, 2022, on November 10, 2022, at 5:00 p.m. ET. The conference call will feature CEO Roy W. Olivier and CFO Bill Nurthen, who will discuss the results followed by a Q&A session. Investors can access the call via a dial-in number or through the company's investor relations website. A replay will be available until December 10, 2022.
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