Research Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 10, 2023 at 02:44 am IST
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Research Solutions, Inc. reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 8.72 million compared to USD 7.87 million a year ago. Revenue was USD 8.72 million compared to USD 7.87 million a year ago. Net loss was USD 0.25553 million compared to USD 0.481585 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
For the six months, sales was USD 17.4 million compared to USD 15.61 million a year ago. Revenue was USD 17.4 million compared to USD 15.61 million a year ago. Net loss was USD 0.040965 million compared to USD 0.853587 million 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. 
