Research Solutions Reports Third Quarter 2020 Financial Results
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Research Solutions, Inc. (RSSS) Reports Q3 Revenues of $1.02M
May 14, 2020 4:19 PM EDTResearch Solutions, Inc. (NASDAQ: RSSS) reported Q3 revenue for the quarter came in at $1.102 million, versus $748.73 thousand reported last year.
Fiscal Third Quarter 2020 Highlights vs. Year-Ago Quarter
Platform revenue up 36% to $1.0 million, with a 33% increase in total Platform deployments to 374. Annual recurring revenue up 39% to $4.1 million.Transaction revenue increased 6% to $7.0 million compared to $6.6 million, with customer count up to 1,115 compared to 1,078.Total gross margin up 210 basis points to 31.6%.Net income from continuing operations increased to $12,000, or nil per share, compared to a... More