Research Solutions, Inc. Provides Earnings Guidance for the Fourth Quarter Ended June 30, 2020
August 26, 2020 at 09:00 am EDT
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Research Solutions, Inc. provided earnings guidance for the fourth quarter ended June 30, 2020. Based on preliminary unaudited information, the company expects total revenue in the fourth quarter of fiscal 2020 to increase 5.5% to approximately $7.9 million compared to $7.5 million in the same quarter last year. Net income is expected to be approximately breakeven.
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. 
