Research Solutions reports Q4 net income $376K; FY net income $572K; revenue up 14% to $37.7M

Research Solutions, Inc.

Q4 revenue $10.0M (+16% YoY); Platform revenue $2.3M (+22%); ARR $9.4M (+19%)
Q4 GAAP net income $375,746 ($0.01 EPS) vs net loss $438,267; Adjusted EBITDA $825,087
FY23 revenue $37.7M (+14%); Platform revenue $8.7M (+28%); Gross margin 39.0% (up 250 bps)
FY23 net income $571,623 ($0.02 EPS) vs net loss $1.6M; Adjusted EBITDA $2.0M vs -$0.4M
Post-year-end: acquired ResoluteAI; engaged Jeremy Murphy as advisor to board

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 0.95

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

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

Exact text from the filing

On September 13, 2023, the Registrant announced its financial results for the fourth quarter and fiscal year ended June 30, 2023.

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Research Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-100485

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