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) reported a modest 2% increase in total revenue to $7.7 million for the first quarter of fiscal 2021. The platform revenue surged 33% to $1.1 million, with annual recurring revenue rising 35% to $4.7 million. Gross margins improved to 31.6%, up 110 basis points year-over-year. The company recorded a net income of $15,000, a significant turnaround from a loss of $81,000 in the previous year. Adjusted EBITDA also saw a remarkable improvement, up 369% to $167,000.
Research Solutions, Inc. (NASDAQ: RSSS) will participate in the Three Part Advisors' virtual Southwest IDEAS Conference on November 18, 2020. The presentation will be webcast, available at 7:00 am CT, and can be accessed via the conference portal at www.IDEASconferences.com. Qualified investors can arrange meetings with management through Steven Hooser at shooser@threepa.com. Research Solutions specializes in cloud-based workflow solutions for R&D, with over 70% of leading pharmaceutical companies utilizing its Article Galaxy platform.
Research Solutions, Inc. (NASDAQ: RSSS) will announce its financial results for the first quarter of fiscal 2021, ending September 30, 2020, on November 12, 2020. The company’s President and CEO, Peter Derycz, along with CFO Alan Urban, will host a conference call at 5:00 p.m. ET to discuss these results, followed by a Q&A session. A press release will precede the call, and investors can access a replay of the call afterwards until December 3, 2020.
Research Solutions (NASDAQ: RSSS) has partnered with BIO Business Solutions to enhance access to scholarly literature for life sciences companies. This collaboration aims to provide members with significant savings and streamlined access to scientific content through Article Galaxy. Benefits include a 15% discount on subscriptions and a 20% reduction in article spending. More than 4,500 member organizations currently save over $511 million annually through BIO's cost-saving program, supporting innovation in biotechnology.
Research Solutions, Inc. (NASDAQ: RSSS) reported a 5.5% increase in fourth-quarter revenue to $7.9 million and a 7.9% rise in full-year revenue to $31.1 million for FY2020. Platform revenue surged 33% to $1.1 million in Q4 and 38% to $3.9 million for the year, with annual recurring revenue reaching $4.4 million. Gross margins improved to 31.8% in Q4 and 31.0% for the year. Adjusted EBITDA showed significant growth, increasing to $146,000 quarterly and $143,000 annually. Cash reserves rose to $9.3 million. The company successfully uplisted to NASDAQ on March 23, 2020.
Research Solutions, Inc. (NASDAQ: RSSS) will discuss its financial results for the fiscal fourth quarter and full year ended June 30, 2020, in a conference call on Thursday, September 24, 2020, at 5:00 p.m. ET. Following the market close, a press release will be issued with detailed financial results. The call will feature President and CEO Peter Derycz and CFO Alan Urban, followed by a Q&A session. Investors can dial in using the toll-free number or access a replay of the call until October 15, 2020. Research Solutions offers cloud-based workflow solutions primarily for R&D-driven organizations.
Research Solutions, Inc. (NASDAQ: RSSS) announced a partnership with FIZ Karlsruhe to launch the AutoDoc Academic Program, enhancing document delivery for academic institutions. This service offers fast, cost-effective access to scholarly articles when traditional methods fall short. The collaboration allows customers to obtain 100% native PDFs from over 30,000 journals at competitive prices. AutoDoc's established reputation in the academic sector aligns with Research Solutions' goal to support scientific discovery while ensuring compliance with copyright regulations.
Research Solutions (NASDAQ: RSSS) has announced the integration of its document retrieval solution, Article Galaxy, with the Dialog search platform. This partnership enables users to seamlessly access a wide range of content databases and obtain full-text journal articles quickly and affordably. The integration enhances user experience by significantly reducing the time needed for research discovery and access. It also supports researchers by providing a comprehensive search capability across over 140 databases, including 1.3 billion authoritative records. This collaboration aims to streamline literature acquisition and maximize cost-efficiency for research organizations.
Research Solutions (NASDAQ: RSSS) reported preliminary results for Q4 fiscal 2020, indicating a 5.5% revenue increase to approximately $7.9 million from $7.5 million year-over-year. Key highlights include a 33% rise in platform subscription revenue to $1.1 million and a 38% increase in annual recurring revenue to $4.4 million. The company is projected to have approximately $9.3 million in cash on hand, remaining debt-free. Full results will be reported on September 24, 2020.
Research Solutions (NASDAQ: RSSS) will participate in two virtual investor conferences: the Midwest IDEAS Conference on August 27 and the LD Micro 500 Conference on September 2. The Midwest IDEAS presentation will be available via webcast at 7:00 am CT on August 26, while the LD Micro presentation is scheduled for 4:00 pm ET on September 2. Interested investors can find links to the presentations on their respective conference websites. Research Solutions specializes in cloud-based workflow solutions for research and development organizations.
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