Research Solutions Q3: revenue $10.3M, ARR $9.1M, net income turns positive

Research Solutions, Inc.

2023-Q3 EPS reported $0.01 revenue$27,743,735

Revenue $10.3M (+18% YoY); Platform rev $2.2M (+26%); ARR $9.1M (+24%).
Net income $237k ($0.01 EPS) vs loss of $341k ($0.01 loss) in prior-year Q3.
Adjusted EBITDA $559k vs $94k; gross margin improved 190 bps to 38.9%.
Cash flow from ops $0.8M Q3, $1.9M YTD vs -$0.4M prior YTD.
Transaction customers 1,417 (+18.8% YoY); net platform deployments +25 to 815.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Research Solutions, Inc. reported third quarter ended March 31, 2023 results: revenue $10.3 million, net income $237,000, or $0.01 per diluted share, EPS $0.01 per diluted share.

Period: third quarter ended March 31, 2023
Revenue: $10.3 million
Net income: $237,000, or $0.01 per diluted share
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

for R&D driven organizations, reported financial results for its fiscal third quarter ended March 31, 2023. Fiscal Third Quarter 2023 Summary • Total revenue of $10.3 million, an 18.1% increase from prior-year quarter and the Company’s first reported quarter of over $10 million in revenue • Platform revenue up 26% to $2.2 million. Annual Recurring

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Source: SEC EDGAR

accession 0001104659-23-059181

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