Research Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 12, 2023 at 02:05 am IST
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Research Solutions, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 10.34 million compared to USD 8.76 million a year ago. Revenue was USD 10.34 million compared to USD 8.76 million a year ago. Net income was USD 0.236842 million compared to net loss of USD 0.34053 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 27.74 million compared to USD 24.37 million a year ago. Revenue was USD 27.74 million compared to USD 24.37 million a year ago. Net income was USD 0.195877 million compared to net loss of USD 1.19 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.05 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. 
