Research Solutions previews Q4 rev $10M (+16%), FY23 Adj EBITDA $2.0M, first GAAP net income in 8 years

Research Solutions, Inc.

2023-FY EPS reported $0.02 revenue$37,703,452

Q4 revenue ~$10M (+16% YoY); platform rev $2.3M (+22%); ARR $9.4M (+19%).
Full-year FY23 revenue $37.7M (+14%), with organic growth ~12% (best in decade).
FY23 GAAP net income positive for first time since FY2015; Adjusted EBITDA $2.0M vs ($374K) prior year.
Cash from ops $3.4M, cash balance $13.5M; SG&A (excl. adjustments) $12.7M vs $12.4M.
Notes July 31 acquisition of ResoluteAI as strategic step to enhance software tools.

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 0.9

Research Solutions, Inc. reported preliminary financial results for fourth quarter and fiscal year ended June 30, 2023.

Period: fourth quarter and fiscal year ended June 30, 2023
Result: preliminary results

Exact text from the filing

On August 14, 2023, the Registrant announced preliminary results for its fourth quarter and fiscal year ended June 30, 2023.

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Source: SEC EDGAR

accession 0001104659-23-091017

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