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Research Solutions(RSSS) - 2020 Q4 - Annual Report
2020-09-24 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the fiscal year ended: June 30, 2020 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 000-53501 RESEARCH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Nevada 11-3797644 (State or other ju ...
Research Solutions(RSSS) - 2020 Q3 - Earnings Call Transcript
2020-05-15 02:30
Research Solutions, Inc. (NASDAQ:RSSS) Q3 2020 Earnings Conference Call May 14, 2020 5:00 PM ET Corporate Participants Peter Derycz - President and Chief Executive Officer Alan Urban - Chief Financial Officer Conference Call participants Peter Rabover - Artko Capital Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Research Solutions' Financial and Operating results, for its Fiscal Third Quarter ended March 31, 2020. Earlier today, the company issued a ...
Research Solutions(RSSS) - 2020 Q3 - Quarterly Report
2020-05-14 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2020 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 000-53501 RESEARCH SOLUTIONS, INC. Indicate by check mark whether the registrant has submitted electronically ...
Research Solutions(RSSS) - 2020 Q2 - Earnings Call Transcript
2020-02-14 16:49
Research Solutions, Inc. (NASDAQ:RSSS) Q2 2020 Earnings Conference Call February 13, 2020 5:00 PM ET Company Participants Peter Derycz - Chief Executive Officer & President Alan Urban - Chief Financial Officer Conference Call Participants George Melas - MKH Management Glenn Arbeitman - GlennAllen Advisors Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Research Solutions' Financial and Operating results, for its Fiscal Second Quarter 2020, ended Decem ...
Research Solutions(RSSS) - 2020 Q2 - Quarterly Report
2020-02-13 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2019 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 000-53501 RESEARCH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Nevada 11-379764 ...
Research Solutions(RSSS) - 2020 Q1 - Earnings Call Transcript
2019-11-15 02:51
Financial Data and Key Metrics Changes - Platform subscription revenue increased by 45% to $856,000 in Q1 2020, driven by up-selling and a 34% year-over-year increase in total platform deployments from 239 to 320 [8][10] - Annual recurring revenue reached $3.5 million, up 8% sequentially and 43% year-over-year [9] - Consolidated revenue increased by 9% to $7.6 million compared to $7 million in the same year-ago quarter [11] - Gross margin improved to a record 30.5%, up 250 basis points year-over-year, primarily due to a shift towards higher-margin platform business [13] Business Line Data and Key Metrics Changes - Transaction revenue increased by 6% to $6.7 million, with transaction count rising from approximately 202,000 to 216,000 [10][11] - Active customer count grew from 1,084 to 1,134, with corporate customers slightly up to 853 and academic customers up 18% to 281 [10] Market Data and Key Metrics Changes - Approximately 40% to 45% of business comes from the U.S. market, with a similar percentage from Europe, and the remainder from the rest of the world, particularly Japan [75] Company Strategy and Development Direction - The company is focusing on expanding its enterprise customer base through targeted marketing campaigns [5][26] - A rebranding initiative is underway to consolidate three existing brands into one, simplifying the customer experience [28][30] - Partnerships with organizations like Evidence Partners are being pursued to enhance product offerings and market presence [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding transaction revenue growth, citing stabilization from large existing customers [11] - The company anticipates fiscal 2020 to be a pivotal year, expecting significant increases in new users and revenue growth [31][32] Other Important Information - Operating expenses increased to $2.4 million, primarily due to investments in sales and marketing [14] - The company has no outstanding borrowings and maintains a clean balance sheet with cash and receivables comprising nearly all assets [16] Q&A Session Summary Question: Benefits of the partnership with Evidence Partners - Management highlighted the complementary nature of their products, which can enhance customer offerings and drive joint marketing efforts [34][36] Question: Insights on sales team effectiveness - Management noted a focus on enterprise-level marketing and effective lead nurturing processes, which have improved conversion rates [40][42] Question: Average ticket price increase - Management acknowledged that the upward trend is primarily driven by upselling, indicating potential underpricing of the product [44][46] Question: Plans for NASDAQ up-listing - Management confirmed ongoing efforts to meet NASDAQ requirements, with a focus on improving equity on the balance sheet [48][49] Question: Customer progression through the sales funnel - Management explained the multi-touchpoint approach in customer nurturing, with conversion rates improving as more leads are engaged [56][58] Question: Overview of Evidence Partners' services - Management described Evidence Partners as providing tools for systematic review of scientific literature, complementing the company's literature offerings [64][66]
Research Solutions(RSSS) - 2020 Q1 - Quarterly Report
2019-11-14 21:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2019 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 000-53501 RESEARCH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) (310) 477-0354 ...
Research Solutions(RSSS) - 2019 Q4 - Earnings Call Transcript
2019-09-20 00:39
Research Solutions, Inc. (NASDAQ:RSSS) Q4 2019 Earnings Conference Call September 19, 2019 5:00 PM ET Company Participants Peter Derycz - President and Chief Executive Officer Alan Urban - Chief Financial Officer Conference Call Participants Peter Rabover - Artko Capital Operator Good afternoon everyone and thank you for participating in today's conference call to discuss Research Solutions Financial and Operating Results for its Fiscal Fourth Quarter and Full Year Ended June 30, 2019. Earlier today, the co ...
Research Solutions(RSSS) - 2019 Q4 - Annual Report
2019-09-19 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: June 30, 2019 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 000-53501 RESEARCH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Nevada 11-3797644 (State or ...
Research Solutions(RSSS) - 2019 Q3 - Earnings Call Transcript
2019-05-15 23:56
Research Solutions, Inc. (NASDAQ:RSSS) Q3 2019 Earnings Conference Call May 15, 2019 5:00 PM ET Company Participants Peter Derycz - President & Chief Executive Officer Alan Urban - Chief Financial Officer Conference Call Participants Greg Silvershein - Grand Equity Corp. Scott Billeadeau - Walrus Partners Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Research Solutions' Financial and Operating Results for its Fiscal 2019 Third Quarter ended March 3 ...