Research Solutions Reports Fiscal First Quarter 2018 Financial Results

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Go back to Research Solutions Reports Fiscal First Quarter 2018 Financial Results

Research Solutions, Inc. (RSSS) Reports Q1 Loss of $0.01

November 14, 2018 4:22 PM EST

Research Solutions, Inc. (OTC: RSSS) reported Q1 EPS of ($0.01). Revenue for the quarter came in at $7 million.

Total revenue increased 3% to $7.0 million.Platform revenue up 52% to $589,000, with a 48% increase in total Platform deployments to 239. Annual recurring revenue up 54% to $2.4 million.Transaction revenue up slightly to $6.4 million, with customer count up 6% to 1,084.Total gross margin up 210 basis points to 28.0%.Net loss from continuing operations was $0.2... More