Research Solutions Inc (OQ:RSSS)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 10624 S. Eastern Ave, Suite A-614 HENDERSON NV 89052 |
| Tel: | 1-214-8722710 |
| Website: | https://www.researchsolutions.com |
| IR: | See website |
| Key People | ||
| Roy W. Olivier President, Chief Executive Officer, Director | William A. Nurthen Chief Financial Officer, Secretary | Scott Ahlberg Chief Operating Officer | Shane Hunt Chief Revenue Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the six months ended 31 December 2023, Research Solutions Inc revenues increased 17% to $20.4M. Net loss increased from $41K to $1M. Revenues reflect United States segment increase of 18% to $11.9M, Rest of the World segment increase of 50% to $2M. Higher net loss reflects General and administrative increase of 46% to $4.6M (expense), Technology and product development increase of 44% to $2.6M (expense). |
| Employees: | 145 as of Sep 8, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $99.08M as of Dec 31, 2023 |
| Annual revenue (TTM): | $40.68M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.99M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.43M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1.85M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 32,620,507 as of Feb 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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