M&A
confidence high
sentiment negative
materiality 0.60
Research Solutions files audited financials for Scite acquisition; Scite FY2023 revenue $1.12M, net loss $413K
Research Solutions, Inc.
- Scite FY2023 revenue $1.12M (trade $923K, grant $198K); net loss $413K.
- Scite cash $1.15M, total assets $1.31M, deferred revenue $251K, accumulated deficit $975K.
- Scite issued $1.5M preferred stock and converted $430K notes to preferred in FY2023.
- Scite had 460K stock options outstanding at June 30, 2023; $24K unvested compensation.