Research Solutions sees Q3 revenue $12.1M, consensus $11.74M

Sees Q4 platform revenue to up 86% to approximately $4.3M; ARR up approximately 85% to $17.4M; positive income from operations of approximately $700,000. “Our preliminary Q4 and FY24 results reflect the strong momentum in our business, particularly within our Platforms segment. In addition, the continued growth in Platform revenue is improving our overall gross margin, Adjusted EBITDA and cash flow,” said Roy W. Olivier, President and CEO of Research Solutions. “The early success of Scite has contributed to this performance as ARR growth for this product has exceeded our initial expectations. For this reason, we increased our earn-out assumptions for the acquisition, as we continue to expect strong performance as we move into our FY25.”