New Model Delivers Substantial Performance Improvements In Quality & Depth HENDERSON, Nev., March 20, 2025 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a leading provider of AI-powered scientific research tools, announces significant enhancements to its AI product, Scite Assistant, that will help enterprise customers get more accurate responses to complex research questions and tasks. A Leap Forward For AI-Driven R&D Scite differentiates itself from other AI tools by pairing proprietary citation data ...

New Solution Supports Growing Demand for AI-Enabled Research & Development Market, Enabling Research Efficiency To Meet Modern DemandsHENDERSON, Nev., March 10, 2025 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a leader in AI-powered scientific research software, announces the launch of an innovative solution that allows customers to purchase legal rights to use scientific journal content within AI applications. For articles from participating publishers, AI use rights can be acquired in the same chec ...

New Tables Capability Transforms Research Data into Structured Insights for More Efficient Literature AnalysisHENDERSON, Nev., Feb. 19, 2025 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a leader in AI solutions built for researchers, announced the launch of Tables in Scite Assistant, a significant advancement in research capabilities that helps researchers automatically extract and analyze data from scientific literature. This enhancement reinforces Scite's position in the growing market for AI resear ...

Table of Contents For the quarterly period ended: December 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (310) 477-0354 For the transition period from _____________ to _____________ (Registrant's telephone number, including area code) Securities registered pursuant to Sectio ...

Research Solutions, Inc. (NASDAQ:RSSS) Q2 2025 Earnings Conference Call February 13, 2025 5:00 PM ET Company Participants Steven Hooser - Investor Relations Roy Olivier - President and CEO Bill Nurthen - Chief Financial Officer Josh Nicholson - Chief Strategy Officer Conference Call Participants Jacob Stephan - Lake Street Capital Markets Allen Klee - Maxim Group Peter Rabover - Artko Capital Operator Good day, everyone. And welcome to today’s Research Solutions, Inc. Second Quarter 2025 Earnings Conference ...

Revenue Growth - Total revenue increased by 15.5% to $11.9 million compared to $10.3 million in the prior-year quarter[5] - Annual Recurring Revenue (ARR) rose by 23% to $19.1 million, including approximately $12.7 million from B2B and $6.4 million from B2C[4] - Platform revenue surged by 47% to $4.6 million, accounting for 39% of total revenue, up from 30% in the prior-year quarter[4] - Transaction revenue was $7.3 million, a slight increase from $7.2 million in the second quarter of fiscal 2024[7] - Total revenue for the three months ended December 31, 2024, was $11,914,219, representing a 15.5% increase from $10,313,742 in the same period of 2023[23] Profitability and Loss - Gross profit increased by 30% year-over-year, with total gross margin improving by 540 basis points to 48.9%[4] - Net loss for the quarter was $2.0 million, or ($0.07) per share, compared to a net loss of ($54,000) in the prior-year quarter[10] - Adjusted EBITDA reached $963,000, a significant increase from $318,000 in the prior-year quarter, representing a 202.4% growth[12] - Net income (loss) for the quarter was $(1,980,234), a significant increase in loss compared to $(53,628) in the previous year[17] - The company reported a loss before provision for income taxes of $1,965,040 for the three months ended December 31, 2024, compared to a loss of $43,571 in the same period of 2023[23] Cash Flow and Liquidity - Cash flow from operations exceeded $1 million, compared to $0.3 million in the prior-year quarter[4] - Cash flow from operating activities for the six months ended December 31, 2024, was $1,871,493, a significant improvement from a cash outflow of $426,888 in the prior year[25] - Cash and cash equivalents increased to $7,701,155 from $6,100,031, reflecting a growth of 26.2%[21] - Cash and cash equivalents at the end of the period were $7,701,155, an increase from $2,697,659 at the end of the same period in 2023[25] Operating Expenses - Total operating expenses rose to $5.7 million, up from $4.9 million in the second quarter of 2024, primarily due to increased costs in Sales and Marketing and Technology[9] - Total operating expenses for the three months ended December 31, 2024, were $5,728,246, up from $4,903,799 in the same period of 2023[23] Customer Metrics - The company recorded 61 net new B2B platform deployments, marking the best organic performance in a quarter[3] - Total customer accounts decreased by 14, resulting in a total of 1,384 customers, a decline of 1.0% from the previous period[13] Asset and Liability Management - Total assets rose to $42,788,993, up from $41,859,762, indicating a growth of 2.2%[21] - Total current liabilities increased to $20,921,489 from $17,867,460, a rise of 11.5%[21] Other Financial Metrics - Incremental ARR decreased by $44,085, representing a decline of 7.4% compared to the previous period, with a total ARR of $19,109,637, up 22.7% year-over-year[13] - Average sales price (ASP) at the end of the period was $11,686, down 5.2% from $12,330[13] - B2C ARR increased to $6,371,381, representing a growth of 61.1% compared to the previous period[13] - The company incurred $2,406,886 in changes in fair value of contingent earnout liability for the three months ended December 31, 2024[23] - The company did not make any payments for acquisitions during the six months ended December 31, 2024, after significant cash outflows for acquisitions in the previous year[25] Foreign Currency Impact - The company reported a foreign currency translation loss of $29,554, compared to a gain of $(13,738) in the previous year, marking a significant change[17]

Reports 23 Percent Increase in ARR to $19.1 Million and 61 Net New Platform DeploymentsHENDERSON, Nev., Feb. 13, 2025 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), the leading AI-powered research workflow platform, reported financial results for its fiscal second quarter ended December 31, 2024.Fiscal Second Quarter 2025 Summary Research Solutions, Inc. Logo (PRNewsfoto/Research Solutions, Inc.) Total revenue of $11.9 million, a 15.5% increase from the prior-year quarter. Platform revenue ...

Investors might want to bet on Research Solutions Inc. (RSSS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indi ...

HENDERSON, Nev., Jan. 30, 2025 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), the leading AI-powered research workflow platform, will hold a conference call to discuss its financial results for the fiscal 2025 second quarter ended December 31, 2024, on Thursday, February 13, 2025, at 5:00 p.m. ET. A press release containing the company's financial results will be issued following the market close and prior to the call.Research Solutions President and CEO Roy W. Olivier and CFO Bill Nurthen will ho ...

HENDERSON, Nev., Jan. 28, 2025 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a leader in AI solutions built for researchers, announced today that usage of its AI-powered research platform, Scite, has grown by 250 percent year-over-year. This acceleration validates the unique differentiation in the Scite offering and is indicative of platform's growing adoption among academic customers and research organizations. This has come at a time when AI-related technology costs have decreased more than 50 percen ...