Revenue Growth - Research Solutions reported a significant increase in revenue, reaching $XX million, representing a YY% growth compared to the previous year[10] - Revenue is derived from two main sources: annual licenses for premium features of the cloud-based SaaS platform and transactional sales of STM content[30] - The company aims for organic growth through targeted promotions and improving operations to support future growth[25] Content and Offerings - The company has over 100 million existing STM articles and publishes 2 to 4 million new STM articles annually, enhancing its content offerings[17] - The company offers over 100 million existing STM articles and publishes 2 to 4 million new STM articles each year, facilitating access for researchers[17] Customer Loyalty and Satisfaction - The gross churn rate is in the low single digits, indicating strong customer loyalty and satisfaction[22] - The company has a low gross churn rate in the low single digits and a net churn rate in the high single digits, indicating strong customer loyalty[22] Marketing Strategy - Research Solutions employs a segment-focused marketing approach, targeting various industries including pharmaceuticals, biotechnology, and academic sectors[24] - The company employs a segment-focused marketing approach to penetrate various markets, including pharmaceuticals, biotechnology, and medical devices[24] - The company utilizes a variety of marketing tactics, including digital marketing and educational content, to acquire new customers and retain existing ones[35] Technology and Innovation - AI technology is integrated into the research workflow, enhancing the capabilities of the company's Platforms[19] - The company plans to release several new Platform solutions using Resolute.ai and scite.ai technology to enhance research workflows[16] - The average delivery time for single article requests is generally under one hour, with most delivered in under one minute[18] - The Platforms are designed to deliver articles to customers generally in under an hour, often in less than one minute, improving efficiency[18] Strategic Direction and Management - The management team has extensive experience in the information services and STM publishing industries, contributing to the company's strategic direction[21] - The company is focused on product differentiation and the development of new products to attract both new and existing customers[26] Supplier Relationships - Approximately 44% of content costs for the years ended June 30, 2024, and 2023, were from the three largest suppliers, indicating a reliance on a small number of content providers[34] - Approximately 44% of content costs in 2024 were derived from the three largest suppliers, highlighting dependency on a limited number of content sources[34] - The company has established relationships with hundreds of content publishers, which is essential for its market presence and customer satisfaction[23] - The company has established relationships with hundreds of content publishers, enhancing its market presence and ability to meet customer needs[23] International Expansion - The company has expanded internationally, particularly in Europe and Japan, and may pursue further international growth through partnerships or acquisitions[28] Recent Acquisitions - Recent acquisitions include Resolute Innovation, Inc. and Scite, Inc., enhancing the company's capabilities in search and evaluation of scientific articles[40][41] - On July 28, 2023, Research Solutions acquired 100% of the outstanding stock of Resolute Innovation, Inc., enhancing its capabilities in search and knowledge management powered by AI and NLP technologies[40] - On December 1, 2023, Research Solutions completed the acquisition of Scite, Inc., a platform for discovering and evaluating scientific articles through Smart Citations, improving its research capabilities[41] Workforce - The company employs 145 full-time employees as of September 13, 2024, indicating a stable workforce[42]

Research Solutions, Inc. (NASDAQ:RSSS) Q4 2024 Earnings Call Transcript September 19, 2024 5:00 PM ET Company Participants John Beisler - IR Roy Olivier - President and CEO Bill Nurthen - CFO Conference Call Participants Jacob Stephan - Lake Street Richard Baldry - ROTH Capital Allen Klee - Maxim Group LLC Avi Fisher - Long Cast Advisers Operator Good day, and welcome to the Research Solutions, Inc. Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instr ...

Research Solutions Inc. (RSSS) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced break-even earnings, delivering a surprise of -100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Research Solutions, ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Research Solutions Reports Fourth Quarter and Fiscal Year 2024 Results Reports 18% Revenue Increase, ARR of $17.4 Million and Record Cash Flow HENDERSON, Nev., September 19, 2024 — Research Solutions, Inc. (NASDAQ: RSSS), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, reported record financial results for its fourth quarter and full fiscal year ended June 30, 2024. Fiscal Fourth Quarter 2024 Summary (compared ...

Reports 18% Revenue Increase, ARR of $17.4 Million and Record Cash Flow HENDERSON, Nev., Sept. 19, 2024 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), a trusted partner providing cloudbased workflow solutions to accelerate research for R&D-driven organizations, reported record financial results for its fourth quarter and full fiscal year ended June 30, 2024. Fiscal Fourth Quarter 2024 Summary (compared to prior-year quarter) Research Solutions, Inc. Logo (PRNewsfoto/Research Solutions, Inc.)Resear ...

HENDERSON, Nev., Aug. 22, 2024 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), a pioneer in providing cloud-based workflow solutions for R&D driven organizations, today announced that management will participate in a pair of upcoming investor conferences. Three Part Advisors Midwest IDEAS Conference Research Solutions, Inc. Logo (PRNewsfoto/Research Solutions, Inc.)Research Solutions, Inc. Logo (PRNewsfoto/Research Solutions, Inc.) August 28, 2024; Chicago, IL Group presentation at 3:00pm ET and 1- ...

Expects Record Revenue and Income from Operations, Continued Strong Cash Flow HENDERSON, Nev., Aug. 19, 2024 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, announced selected preliminary financial results for its fiscal fourth quarter and fiscal year ended June 30, 2024. Based on preliminary unaudited information, Research Solutions expects the following results for its fiscal fourth qua ...

This collaboration will make Scite's award-winning AI platform more affordable and accessible for more than 280 higher education and research institutions in the UK. It aims to advance research quality by leveraging ethical AI technology. Scite is utilized by researchers and institutions worldwide, underscoring its global impact and commitment to advancing scientific research and innovation. HENDERSON, Nev., July 30, 2024 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a trusted partner providing cloud-b ...

Company Overview - Research Solutions operates five wholly owned subsidiaries as of March 31, 2024, including Reprints Desk, Scite, and Resolute Innovation[109]. - The company provides over 100 million existing STM articles and publishes 2 to 4 million new STM articles each year, facilitating single article delivery in under one hour, often in under one minute[119]. - The company has arrangements with hundreds of content publishers, allowing for rapid electronic delivery of articles while ensuring compliance with copyright laws[120]. Revenue Sources - Revenue is derived from two main sources: annual licenses for cloud-based SaaS platforms and transactional sales of STM content, with revenue recognized upon delivery of services[126]. - The company charges a subscription fee for access to premium features of its platforms, with revenue recognized ratably over the subscription term, typically one year[127]. Financial Performance - Total revenue for Q1 2024 reached $12,115,672, representing a 17.1% increase from $10,342,426 in Q1 2023[134]. - Platforms revenue increased by 75.7% to $3,953,403 compared to $2,249,632 in the same quarter last year[134]. - Gross profit for Q1 2024 was $5,481,932, a 36.1% increase from $4,027,273 in Q1 2023[134]. - Total operating expenses rose to $5,394,269, up 38.5% from $3,894,134 in Q1 2023[134]. - Net income for Q1 2024 was $76,301, a decrease of 67.8% from $236,842 in Q1 2023[134]. - For the nine months ended March 31, 2024, total revenue was $32,490,385, up 17.1% from $27,743,735 in the same period last year[135]. - Platforms revenue for the nine months increased by 51.7% to $9,679,179 compared to $6,379,871 in the previous year[135]. - Total gross profit for the nine months was $13,997,300, reflecting a 29.8% increase from $10,780,348 in the same period last year[135]. - The company reported a net loss of $(965,370) for the nine months ended March 31, 2024, compared to a net income of $195,877 in the same period last year[135]. Operating Expenses - Operating expenses increased by $1,500,135, or 38.5%, for the three months ended March 31, 2024, primarily due to higher sales and marketing costs and technology development expenses[145]. - The company reported a significant increase in personnel costs due to the onboarding from ResoluteAI and Scite transactions, impacting both sales and marketing and technology development expenses[145]. Cash Flow and Investments - Cash and cash equivalents decreased to $4,221,424 as of March 31, 2024, down from $13,545,333 as of June 30, 2023, primarily due to cash used in investing activities[150]. - Net cash used in investing activities for the nine months ended March 31, 2024, was $10,081,507, mainly from the Scite acquisition of $7,305,493 and the ResoluteAI acquisition of $2,718,253[154]. - Net cash used in financing activities for the nine months ended March 31, 2024, was $836,984, resulting from the repurchase of common stock of $522,024 and payment of contingent acquisition consideration of $314,960[155]. Adjusted EBITDA and Stock-Based Compensation - Adjusted EBITDA for the nine months ended March 31, 2024, was $838,311, a decrease of $355,812 compared to $1,194,123 for the same period in 2023[160]. - The company reported an increase in stock-based compensation to $1,729,271 for the nine months ended March 31, 2024, compared to $1,264,522 in the prior year[160]. Future Outlook and Risks - Future plans include releasing several new platform solutions to support analysis functions for research organizations[117]. - Inflation has not materially affected operations to date, but there is a risk of increased operating costs due to inflationary pressures in the future[121]. Financial Agreements - The company entered into a new PNC Loan Agreement providing a $500,000 secured revolving line of credit maturing on April 15, 2025[157]. - The company had no outstanding borrowings on its previous line of credit with Silicon Valley Bank at maturity on February 28, 2024[156]. - The company does not have any off-balance sheet arrangements[161].

Research Solutions, Inc. (NASDAQ:RSSS) Q3 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants John Beisler - Three Part Advisors, Investor Relations Roy Olivier - President & Chief Executive Officer Bill Nurthen - Chief Financial Officer Conference Call Participants Jacob Stephan - Lake Street Allen Klee - Maxim Group Operator Good day, ladies and gentlemen, and welcome to this Research Solutions, Inc. Conference Call. At this time, all participants are in a listen-only mode, and later, ...