Research Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 09, 2024 at 04:12 pm
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Research Solutions, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 12.12 million compared to USD 10.34 million a year ago. Revenue was USD 12.12 million compared to USD 10.34 million a year ago. Net income was USD 0.076301 million compared to USD 0.236842 million a year ago.
For the nine months, sales was USD 32.49 million compared to USD 27.74 million a year ago. Revenue was USD 32.49 million compared to USD 27.74 million a year ago. Net loss was USD 0.96537 million compared to net income of USD 0.195877 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
Research Solutions, Inc. is a holding company. The Company provides two service offerings to its customers: a cloud-based software-as-a-service (SaaS) research platform (Platforms) typically sold through annual auto-renewing license agreements and the sale of published scientific, technical, and medical (STM) content sold as individual articles (Transactions) through the Platform. Its cloud-based SaaS research platform consists of proprietary software and Internet-based interfaces sold to customers for an annual subscription fee. Its platform allows customers to initiate orders, route orders for the lowest cost acquisition, manage transactions, obtain spending and usage reporting, automate authentication, and connect to in-house and third-party software systems. Customers can access the Platform through online Web interfaces and through Web service APIs that enable customers to leverage Platform features and functionality from within in-house and third-party software systems.
RESEARCH SOLUTIONS, INC. 
