earnings
confidence high
sentiment neutral
materiality 0.60
Research Solutions Q3 FY2022: record revenue $8.8M, ARR up 32% to $7.3M, net loss $0.01/share
Research Solutions, Inc.
2022-Q3 EPS reported
-$0.05
revenue$24,372,143
- Total revenue $8.8M (+5% YoY); platform revenue $1.8M (+33% YoY); transaction revenue flat at $7.0M.
- ARR ended at $7.35M, up 32% YoY; incremental ARR of $0.5M in Q3 and $1.8M trailing twelve months.
- Gross margin improved 460 bps to 37.0%; net loss of $341K ($0.01 loss per share) vs. $50K income year-ago.
- Adjusted EBITDA of $94K vs. $238K in prior-year quarter; operating expenses rose 35% to $3.6M.
- Added 34 net new platform deployments in Q3, total 680; Q3 had highest ever upsell bookings from existing customers.