secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001104659-24-012297
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465924012297/0001104659-24-012297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465924012297/tm245389d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-012297

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