Research Solutions Q2 revenue up 5.7% to $7.9M, ARR rises 36% to $6.8M, net loss widens

Research Solutions, Inc.

2022-Q2 EPS reported -$0.03 revenue$15,614,791

Total revenue $7.9M (+5.7% YoY); platform revenue $1.6M (+31%); gross margin 36.0% (+390 bps).
Annual Recurring Revenue (ARR) reached $6.8M, up 36% YoY; record 56 net new platform deployments in quarter.
Net loss of ($482K) or ($0.02) per share vs ($261K) or ($0.01) per share in prior-year quarter.
Adjusted EBITDA was ($165K) vs $161K in prior-year; operating expenses rose to $3.3M from $2.7M.

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