secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001104659-22-059437
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Research Solutions Q3 FY2022: record revenue $8.8M, ARR up 32% to $7.3M, net loss $0.01/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465922059437/0001104659-22-059437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465922059437/tm2215417d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-059437

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer