Research Solutions Inc Up 4.42% To $2.01 After Earnings

Friday, November 11, 2022 - Research Solutions Inc (RSSS) reported upside earnings and revenues today.

Research Solutions Inc's earnings came in at an EPS of $0.01 per share. The firm's earnings are up 200% since reporting losses of $0.01 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus analyst estimates were at $8.2 million. The Technology company managed to surpass those expectations for its first quarter with revenue of $8.7 million, a positive revenue surprise of $485 thousand (6%). The firm managed 12% growth year-over-year due to Research Solutions Inc reporting quarterly revenue of $7.7 million in its year-ago quarter. Research Solutions Inc achieved a higher earnings growth rate than revenue, signaling that the business has improved its profit margin.

The stock is up 4.42% to $2.01 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Research Solutions Inc a Bearish Sentiment Rank from InvestorsObserver.

Research Solutions Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 76, putting Research Solutions Inc in the top 25% of stocks. The firm set a 52-week low on June 17, 2022 at $1.69 and set a 52-week high on November 11, 2021 at $2.74.

Research Solutions Inc is a holding company. The company provides a cloud-based SaaS research intelligence platform consisting of proprietary software and Internet-based interfaces. Its platform also allows customers to find and download digital versions of STM articles. Platforms and Transactions are packaged as a single solution that enables life science and other research-intensive organizations to speed up research and development activities. The company platform allows customers to initiate orders, manage transactions, automate authentication, obtain reports, and connect seamlessly to corporate intranets.