secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001104659-23-116286
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923116286/0001104659-23-116286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465923116286/tm2330333d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-116286

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