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Stock impact report

Research Solutions Reports Fiscal Second Quarter 2024 Results [Yahoo! Finance]

Research Solutions, Inc (RSSS) 
NASDAQ:AMEX Investor Relations: researchsolutions.investorroom.com
Company Research Source: Yahoo! Finance
trusted partner providing cloud-based workflow solutions to accelerate 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 approximately $4.0 million of B2C recurring revenue and $0.4M of B2B recurring revenue from the Scite, Inc. ("Scite") acquisition. B2C ARR is broken out on a separate line in the Company's Financial and Operational Summary Tables and for the purposes of calculating B2C ARR, the value of any monthly recurring subscriptions has been multiplied by twelve (see the Financial and Operational Summary Tables and associated notes below). Gross profit up 31.7% from the prior-year quarter. Total gross margin improved 450 basis points to 43.5%. Net loss of or on a per share b Show less Read more
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