Research Solutions reports Q3 EPS 1c, consensus 3c

Reports Q3 revenue $12.7M, consensus $13.02M. “This quarter represents a number of significant milestone achievements for our company. We are pleased to report ARR above $20M for the first time in our history. Revenue from our AI-based B2B offerings has grown over 180% in the last year, and we continue to experience strong growth in our B2C offerings and core Article Galaxy platform. These results are due in part to our revamped sales strategy, which better demonstrates to potential customers the improved efficiency and cost savings offered by our products within the research process workflow,” said CEO Roy Olivier. “As we experience strong organic growth in ARR sales, we continue to outperform when it comes to generating operating cash flow and Adjusted EBITDA, which positions us to reinvest in our business or make acquisitions that broaden our product capabilities and enhance our cross-selling opportunities.”