secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001104659-23-091017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923091017/0001104659-23-091017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923091017/tm2323652d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-091017

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