Company Overview - Research Solutions, Inc. (NASDAQ: RSSS) is a vertical SaaS and AI company that simplifies research workflow for academic institutions, life science companies, and research organizations globally [4] - The company operates as a publisher-independent marketplace for scientific, technical, and medical (STM) content, combining AI-powered tools with access to both open access and paywalled research [4] - The platform enhances the efficiency of discovering, accessing, managing, and analyzing scientific literature, thereby accelerating scientific discovery [4] Upcoming Financial Results - Research Solutions will hold a conference call to discuss its financial results for the fiscal 2025 second quarter, which ended on December 31, 2024 [1] - The conference call is scheduled for Thursday, February 13, 2025, at 5:00 p.m. ET [1][2] - A press release with the financial results will be issued after market close and prior to the call [1] Conference Call Details - The call will be hosted by President and CEO Roy W. Olivier and CFO Bill Nurthen, followed by a Q&A session [2] - Participants can join the call by dialing 1-203-518-9848 and using the conference ID "RESEARCH" [2] - A replay of the conference call will be available after 8:00 p.m. ET on the same day through March 13, 2025 [3]

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 ...

Research Solutions Inc. (RSSS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, RSSS's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day a ...

Research Solutions Inc. (RSSS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The p ...

SaaS Executive with Track Record of Accelerating GrowthHENDERSON, Nev., Nov. 19, 2024 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), a pioneer in scientific content delivery, today announced the appointment of Sefton Cohen as Chief Revenue Officer. Cohen brings over two decades of experience scaling high-growth SaaS companies and will play a pivotal role in accelerating Research Solutions' transformation from a scientific content provider to a comprehensive AI-enabled research intelligence platform. ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $12 million, a 20% increase from Q1 2024 [11] - Platform subscription revenue increased 67% to $4.3 million, driven by the acquisition of Scite [11] - Net income for the quarter was $669,000 or $0.02 per diluted share, compared to a net loss of $988,000 or negative $0.04 per share in the prior year quarter [18] - Adjusted EBITDA for the quarter was $1.3 million, a margin of 10.6%, compared to negative $441,000 in the year-ago quarter [18] - Cash and cash equivalents as of September 30, 2024, was $6.9 million, up from $6.1 million on June 30, 2024 [19] Business Line Data and Key Metrics Changes - Annual Recurring Revenue (ARR) reached $17.6 million, up 60% year-over-year, with B2B contributing $12.2 million and B2C contributing $5.4 million [12] - Transaction revenue for Q1 was $7.7 million, a 3.4% increase from the prior year quarter [14] - Gross margin for the Platforms business was 87.4%, a 210 basis point increase compared to the prior year quarter [15] - Gross margin in the Transaction business increased 140 basis points to 25.7% [16] Market Data and Key Metrics Changes - The total active customer count for the quarter was 1,390, slightly down from 1,395 in the same period a year ago [14] - Higher-than-expected noncontrollable churn was driven primarily by customer acquisitions and business closures, with over half of the churn attributed to these factors [9] Company Strategy and Development Direction - The company is focusing on enhancing its SaaS and AI capabilities, particularly through the integration of Scite and Article Galaxy products [28] - The management is optimistic about M&A opportunities as valuations are coming down, and they are evaluating businesses that fit their product strategy [24] - The new Chief Revenue Officer is expected to improve sales processes and accountability within the organization [23] Management's Comments on Operating Environment and Future Outlook - Management noted that deployments and incremental ARR were lower than average due to seasonality and longer sales cycles [7] - There is optimism for a rebound in B2C subscriptions as the academic semester begins, with B2C ARR growth expected to be strong in Q2 [13] - The company anticipates a sequential decline in adjusted EBITDA for Q2 but expects strong performance in Q3 and Q4 [21] Other Important Information - The company has generated over $5.1 million in cash flow from operations over the last 12 months, indicating strong earnings quality [20] - The management is focused on improving sales execution and managing churn effectively [45] Q&A Session Summary Question: What caused the decrease in Platform costs? - Management indicated that labor was removed and hosting costs were reworked, leading to a sustainable reduction in costs [32] Question: What are the expectations for M&A valuations? - Management noted that inbound inquiries have increased due to their reputation in the industry, and they are looking for acquisitions that enhance product strategy and offer cross-selling opportunities [36][38] Question: What drove the lower deployments despite the new logo team hitting targets? - The management explained that seasonality, underperformance by the upsell team, and increased churn affected deployments [41][43] Question: What are the priorities for the new Chief Revenue Officer? - The new CRO will focus on learning the business, implementing standardized training, and improving sales execution [46][48] Question: How is Resolute AI performing? - Management acknowledged that Resolute AI is underperforming but sees value in its databases and is pivoting efforts towards more successful products like Scite and Article Galaxy [58] Question: What is the competitive environment like for corporate customers? - Management reported a decrease in churn to competitors but noted challenges with customers reducing budgets or going out of business [68][70]

Reports 60% Increase in ARR to $17.6 Million, Positive Net Income and Cash Flow, Adjusted EBITDA of $1.3 MillionHENDERSON, Nev., Nov. 14, 2024 /PRNewswire/ -- Research Solutions, Inc. (NASDAQ: RSSS), the leading AI-powered research workflow platform, reported financial results for its fiscal first quarter ended September 30, 2024.Fiscal First Quarter 2025 Summary Research Solutions, Inc. Logo (PRNewsfoto/Research Solutions, Inc.) Total revenue of $12.0 million, a 20% increase from the prior-year quar ...

HENDERSON, Nev., Nov. 4, 2024 /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 first quarter ended September 30, 2024, on Thursday, November 14, 2024, 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 hos ...

HENDERSON, Nev., Oct. 8, 2024 /PRNewswire/ -- Scite, an award-winning platform within the Research Solutions (NASDAQ: RSSS) product family and used by more than one million students and researchers to discover and better understand scientific literature, has expanded its partnership with Karger Publishers. Karger, a prominent family-led biomedical and health science publisher, now features Scite's citation badges on each of its journal article pages across 100 medical journals on Karger.com. Research Soluti ...

Rebrand Underscores Company's Purpose Statement of Advancing the World's Knowledge by Accelerating Research HENDERSON, Nev., Sept. 24, 2024 /PRNewswire/ -- Research Solutions (NASDAQ: RSSS), the leading AIpowered research workflow platform, unveils a new brand and product suite. The new identity reflects the company's deep integration of AI capabilities into their platform and its strategy to support the evolving needs of researchers in every industry. Research Solutions' new look and feel represents a comm ...