Research Solutions Q2 FY2024 revenue up 18.3% to $10.3M; ARR hits $15.6M

Research Solutions, Inc.

2024-Q2 EPS reported -$0.04 revenue$20,374,713

Platform revenue +48% to $3.1M; total ARR $15.57M (+77% YoY) including $3.95M B2C from Scite.
Gross margin improved 450 bps to 43.5%; adjusted EBITDA $318K (vs $201K) after $307K M&A costs.
Net loss narrowed to $54K from $256K; revenue growth driven by acquisitions and organic platform gains.
Scite acquisition closed Dec 1, 2023; M&A legal expenses $307K included in operating costs.
Transaction revenue $7.2M (+8.8%) with customer count up 14% to 1,398.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Research Solutions, Inc. reported fiscal second quarter ended December 31, 2023 results: revenue $10.3 million, net income Net loss of $54,000, EPS ($0.00) per share.

Period: fiscal second quarter ended December 31, 2023
Revenue: $10.3 million
Net income: Net loss of $54,000
EPS: ($0.00) per share
Result: reported results

Exact text from the filing

research for R&D-driven organizations, reported financial results for its fiscal second quarter ended December 31, 2023. Fiscal Second Quarter 2024 Summary · Total revenue of $10.3 million, an 18.3% increase from the prior-year quarter · Platform revenue up 48% to $3.1 million. Annual Recurring Revenue (“ARR”) up 77% to $15.6 million, which includes

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Source: SEC EDGAR

accession 0001104659-24-012297

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