Research Solutions Q1 revenue up 16% to $10.1M, net loss $0.04/shr on $1.2M in one-time costs

Research Solutions, Inc.

2024-Q1 EPS reported -$0.04 revenue$10,060,971

Total revenue $10.1M (+16% YoY); platform revenue $2.6M (+29%); ARR $11.0M (+32% YoY).
Net loss ($988K) or ($0.04) per share vs net income $215K ($0.01) prior year; includes $1.161M in M&A, proxy, and separation costs.
Adjusted EBITDA ($441K) vs $433K; excluding one-time items would be approx. $637K.
Gross margin improved 150 bps to 40.1%; completed ResoluteAI acquisition on July 28, 2023.
Transaction revenue $7.5M (+12%); customer count 1,395 (+14%).

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 first quarter ended September 30, 2023.

Period: first quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 9, 2023, the Registrant announced its financial results for the first quarter ended September 30, 2023. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.

View on SEC.gov

Browse all earnings releases →

Research Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-116286

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.