Sep. 19 at 8:11 PM
$RSSS Research Solutions reports Q4 EPS (9c) with charge, consensus (6c)
Reports Q4 revenue
$12.1M, consensus
$11.85M. The quarter's result includes a charge of approximately
$4.3M related to increasing the projected earnout for Scite. "Fiscal 2024 was a transformational year for the Company. We completed two acquisitions which helped position us as a vertical SaaS and AI company, helping researchers throughout their entire workflow. The integration of these acquisitions and our operational execution were meaningful contributors to our 85% year-over-year ARR growth and the double-digit increase in Adjusted EBITDA," said Roy W. Olivier, President and CEO of Research Solutions.
"There are many untapped market opportunities where our highly specialized product offerings can serve as a vital piece of the research process. Overall, we believe we are well-positioned to deliver meaningful ARR growth while expanding Adjusted EBITDA margins, creating long-term value for our shareholders."
