Financial Snapshot

Revenue
$46.61M
TTM
Gross Margin
45.78%
TTM
Net Earnings
-$2.130M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
88.6%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$12.76M
Q3 2024
Cash
Q3 2024
P/E
-55.12
Nov 29, 2024 EST
Free Cash Flow
$4.269M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $44.62M $37.70M $32.93M $31.76M $31.06M $28.79M $28.02M $25.75M $34.36M $31.90M $28.48M $45.50M $42.82M $33.50M $24.94M $14.65M $12.21M $3.850M
YoY Change 18.35% 14.48% 3.71% 2.25% 7.88% 2.75% 8.82% -25.07% 7.72% 12.0% -37.4% 6.26% 27.82% 34.32% 70.24% 19.98% 217.14%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $44.62M $37.70M $32.93M $31.76M $31.06M $28.79M $28.02M $25.75M $34.36M $31.90M $28.48M $45.50M $42.82M $33.50M $24.94M $14.65M $12.21M $3.850M
Cost Of Revenue $24.98M $23.00M $20.91M $21.47M $21.42M $20.45M $20.67M $19.64M $18.46M $25.72M $0.00 $26.98K $68.66K $29.59M $21.02M $12.14M $10.02M $3.250M
Gross Profit $19.64M $14.70M $12.02M $10.29M $9.638M $8.340M $7.349M $6.104M $5.635M $6.176M $5.454M $9.550M $8.040M $3.910M $3.920M $2.510M $2.190M $600.0K
Gross Profit Margin 44.01% 38.99% 36.5% 32.39% 31.03% 28.97% 26.23% 23.71% 16.4% 19.36% 19.15% 20.99% 18.78% 11.67% 15.72% 17.13% 17.94% 15.58%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $19.57M $14.41M $13.63M $10.56M $10.47M $7.400M $9.147M $9.055M $6.831M $6.496M $6.289M $8.839M $10.72M $8.490M $4.030M $3.450M $2.210M $1.010M
YoY Change 35.84% 5.69% 29.14% 0.87% 41.43% -19.1% 1.02% 32.57% 5.15% 3.3% -28.86% -17.56% 26.29% 110.67% 16.81% 56.11% 118.81%
% of Gross Profit 99.66% 98.02% 113.43% 102.64% 108.59% 88.73% 124.46% 148.34% 121.22% 105.18% 115.31% 92.56% 133.36% 217.14% 102.81% 137.45% 100.91% 168.33%
Research & Development $5.442M $3.740M $3.711M $2.644M $2.120M $2.140M
YoY Change 45.52% 0.78% 40.34% 24.73% -0.93%
% of Gross Profit 27.71% 25.44% 30.88% 25.71% 22.0% 25.66%
Depreciation & Amortization $836.3K $52.65K $17.65K $11.52K $23.65K $40.00K $152.4K $133.7K $90.85K $174.8K $219.9K $617.9K $1.529M $750.0K $270.0K $280.0K $280.0K $40.00K
YoY Change 1488.36% 198.28% 53.19% -51.29% -40.87% -73.75% 13.99% 47.17% -48.03% -20.51% -64.41% -59.59% 103.9% 177.78% -3.57% 0.0% 600.0%
% of Gross Profit 4.26% 0.36% 0.15% 0.11% 0.25% 0.48% 2.07% 2.19% 1.61% 2.83% 4.03% 6.47% 19.02% 19.18% 6.89% 11.16% 12.79% 6.67%
Operating Expenses $20.41M $14.46M $13.65M $10.57M $10.49M $9.580M $9.299M $9.189M $6.921M $6.671M $6.508M $9.186M $14.69M $9.170M $4.240M $3.690M $2.560M $1.100M
YoY Change 41.12% 5.94% 29.17% 0.76% 9.5% 3.02% 1.2% 32.76% 3.76% 2.49% -29.15% -37.48% 60.23% 116.27% 14.91% 44.14% 132.73%
Operating Profit -$769.5K $238.6K -$1.632M -$283.0K -$851.9K -$1.240M -$1.950M -$3.085M -$1.287M -$494.5K -$1.055M $363.7K -$6.653M -$5.260M -$320.0K -$1.180M -$370.0K -$500.0K
YoY Change -422.51% -114.62% 476.58% -66.78% -31.3% -36.41% -36.78% 139.72% 160.23% -53.13% -390.08% -105.47% 26.48% 1543.75% -72.88% 218.92% -26.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense -$21.40K $120.0K -$143.9K $35.96K -$20.00K -$20.00K $0.00 $12.00K $17.38K $18.06K $13.82K $89.41K $220.7K -$160.0K $0.00 $40.00K $30.00K $80.00K
YoY Change -117.83% -183.39% -500.17% -279.8% 0.0% -100.0% -30.96% -3.73% 30.68% -84.55% -59.48% -237.92% -100.0% 33.33% -62.5%
% of Operating Profit 50.29% 24.58%
Other Income/Expense, Net $333.1K $338.6K $7.154K $1.147K $80.04K $110.0K $54.18K $11.86K -$48.99K -$16.84K -$13.05K $173.4K $201.7K $10.00K $10.00K $100.0K $0.00
YoY Change -1.63% 4633.3% 523.71% -98.57% -27.23% 103.03% 356.78% -124.21% 190.92% 29.08% -107.52% -14.01% 1917.02% 0.0% -90.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$3.674M $577.2K -$1.625M -$281.9K -$771.9K -$1.150M -$1.896M -$3.073M -$1.336M -$511.3K -$1.068M $190.3K -$6.850M -$5.410M -$320.0K -$1.040M -$340.0K -$420.0K
YoY Change -736.41% -135.53% 476.39% -63.48% -32.88% -39.34% -38.3% 130.04% 161.24% -52.13% -661.38% -102.78% 26.62% 1590.63% -69.23% 205.88% -19.05%
Income Tax $113.1K $5.600K $7.622K $3.204K $7.836K $30.00K $39.78K $35.50K $28.16K $30.89K $16.10K -$1.671K -$322.1K $0.00 $0.00 $30.00K $0.00 $0.00
% Of Pretax Income 0.97% -0.88%
Net Earnings -$3.787M $571.6K -$1.632M -$285.1K -$662.2K -$960.0K -$1.679M -$2.294M -$497.9K $774.2K -$1.866M $191.9K -$6.532M -$5.410M -$310.0K -$1.070M -$340.0K -$420.0K
YoY Change -762.43% -135.02% 472.59% -56.95% -31.02% -42.81% -26.81% 360.69% -164.3% -141.48% -1072.49% -102.94% 20.74% 1645.16% -71.03% 214.71% -19.05%
Net Earnings / Revenue -8.49% 1.52% -4.96% -0.9% -2.13% -3.33% -5.99% -8.91% -1.45% 2.43% -6.55% 0.42% -15.26% -16.15% -1.24% -7.3% -2.78% -10.91%
Basic Earnings Per Share -$0.13 $0.02 -$0.06 -$0.03 $0.04 -$0.11 $0.01 -$0.38
Diluted Earnings Per Share -$0.13 $0.02 -$61.78K -$10.96K -$26.66K -$40.30K -$71.58K -$98.54K -$0.03 $0.04 -$0.11 $0.01 -$0.38 -$361.6K -$23.90K -$82.63K -$27.11K -$39.51K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $6.100M $13.55M $10.60M $11.00M $9.310M $5.350M $4.910M $5.770M $6.080M $1.350M $1.880M $1.700M $3.150M $2.870M $1.850M $1.850M $2.590M $2.970M
YoY Change -54.97% 27.75% -3.65% 18.2% 74.02% 8.96% -14.9% -5.1% 350.37% -28.19% 10.59% -46.03% 9.76% 55.14% 0.0% -28.57% -12.79%
Cash & Equivalents $6.100M $13.55M $10.60M $11.00M $9.310M $5.350M $4.910M $5.770M $6.080M $1.350M $1.880M $1.700M $3.150M $2.870M $1.850M $1.850M $850.0K $380.0K
Short-Term Investments $0.00 $1.740M $2.590M
Other Short-Term Assets $1.711M $1.603M $1.123M $1.175M $960.0K $320.0K $420.0K $760.0K $340.0K $440.0K $2.120M $680.0K $590.0K $1.560M $790.0K $260.0K $410.0K $340.0K
YoY Change 6.72% 42.79% -4.47% 22.41% 200.0% -23.81% -44.74% 123.53% -22.73% -79.25% 211.76% 15.25% -62.18% 97.47% 203.85% -36.59% 20.59%
Inventory $170.0K $360.0K $760.0K $10.00K $10.00K $20.00K $20.00K
Prepaid Expenses
Receivables $6.880M $6.153M $5.252M $4.717M $4.450M $4.490M $4.250M $5.470M $5.760M $4.890M $3.990M $5.130M $6.300M $7.050M $4.450M $3.500M $3.120M $1.340M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $14.69M $21.30M $16.98M $16.90M $14.72M $10.17M $9.580M $12.00M $12.18M $6.690M $8.000M $7.680M $10.40M $12.24M $7.110M $5.620M $6.130M $4.670M
YoY Change -31.03% 25.47% 0.48% 14.79% 44.74% 6.16% -20.17% -1.48% 82.06% -16.38% 4.17% -26.15% -15.03% 72.15% 26.51% -8.32% 31.26%
Property, Plant & Equipment $88.01K $70.19K $47.99K $20.76K $80.00K $230.0K $370.0K $500.0K $80.00K $80.00K $110.0K $830.0K $1.290M $1.670M $370.0K $340.0K $360.0K $250.0K
YoY Change 25.39% 46.26% 131.17% -74.05% -65.22% -37.84% -26.0% 525.0% 0.0% -27.27% -86.75% -35.66% -22.75% 351.35% 8.82% -5.56% 44.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $980.00 $1.050K $890.00 $910.00 $10.00K $10.00K $10.00K $10.00K $10.00K $10.00K $880.0K $290.0K $240.0K $310.0K $0.00
YoY Change -6.67% 17.98% -2.2% -90.9% 0.0% 0.0% 0.0% 0.0% 0.0% -98.86% 203.45% 20.83% -22.58%
Total Long-Term Assets $27.17M $533.3K $48.88K $21.66K $90.00K $240.0K $380.0K $560.0K $190.0K $90.00K $1.040M $1.240M $1.610M $5.420M $1.270M $1.170M $1.160M $780.0K
YoY Change 4994.34% 991.08% 125.67% -75.93% -62.5% -36.84% -32.14% 194.74% 111.11% -91.35% -16.13% -22.98% -70.3% 326.77% 8.55% 0.86% 48.72%
Total Assets $41.86M $21.83M $17.03M $16.92M $14.81M $10.41M $9.960M $12.56M $12.37M $6.780M $9.040M $8.920M $12.01M $17.66M $8.380M $6.790M $7.290M $5.450M
YoY Change
Accounts Payable $8.844M $8.080M $6.604M $6.687M $6.350M $4.860M $4.690M $6.440M $5.690M $5.610M $5.750M $7.530M $0.00 $70.00K $0.00 $3.040M $2.000M $1.270M
YoY Change 9.46% 22.34% -1.24% 5.31% 30.66% 3.62% -27.17% 13.18% 1.43% -2.43% -23.64% -100.0% -100.0% 52.0% 57.48%
Accrued Expenses $0.00 $80.00K $130.0K $120.0K $110.0K $750.0K $100.0K
YoY Change -100.0% -38.46% 8.33% 9.09% 650.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $60.00K $1.050M $1.490M $0.00 $0.00 $1.290M $10.00K
YoY Change -100.0% -94.29% -29.53% -100.0% 12800.0%
Long-Term Debt Due $220.0K $640.0K $660.0K $30.00K $20.00K $20.00K $0.00
YoY Change -65.63% -3.03% 2100.0% 50.0% 0.0%
Total Short-Term Liabilities $17.87M $14.50M $12.14M $11.49M $9.950M $7.300M $6.470M $7.890M $6.330M $5.690M $9.350M $8.110M $11.57M $9.740M $5.020M $3.180M $3.390M $1.440M
YoY Change 23.19% 19.45% 5.67% 15.49% 36.3% 12.83% -18.0% 24.64% 11.25% -39.14% 15.29% -29.9% 18.79% 94.02% 57.86% -6.19% 135.42%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $500.0K $870.0K $1.390M $40.00K $40.00K $60.00K $0.00
YoY Change -100.0% -42.53% -37.41% 3375.0% 0.0% -33.33%
Other Long-Term Liabilities $12.30M $0.00 $0.00 $80.00K $210.0K $330.0K $0.00 $110.0K $0.00 $360.0K $0.00
YoY Change -100.0% -61.9% -36.36% -100.0% -100.0%
Total Long-Term Liabilities $12.30M $0.00 $0.00 $0.00 $0.00 $80.00K $210.0K $330.0K $0.00 $0.00 $110.0K $500.0K $870.0K $1.750M $40.00K $40.00K $60.00K $0.00
YoY Change -100.0% -61.9% -36.36% -100.0% -78.0% -42.53% -50.29% 4275.0% 0.0% -33.33%
Total Liabilities $30.17M $14.50M $12.14M $11.49M $9.950M $7.380M $6.680M $8.220M $6.330M $5.690M $9.460M $8.610M $12.44M $11.84M $5.100M $3.270M $3.500M $1.490M
YoY Change 107.98% 19.45% 5.67% 15.49% 34.82% 10.48% -18.73% 29.86% 11.25% -39.85% 9.87% -30.79% 5.07% 132.16% 55.96% -6.57% 134.9%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding 28.86M 26.86M 26.42M 23.24M shares 17.77M shares 17.45M shares 17.23M shares 17.12M shares 17.05M shares
Diluted Shares Outstanding 28.86M 29.14M 26.42M 23.24M shares 17.77M shares 17.96M shares 17.23M shares 17.26M shares 17.05M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $117.37 Million

About Research Solutions, Inc.

Research Solutions, Inc. is a holding company, which engages in the provision of a cloud-based software-as-a-service research platform and sale of published scientific, technical, and medical content. The company is headquartered in Henderson, Nevada and currently employs 145 full-time employees. The company went IPO on 2009-04-14. The firm offers various software platforms (Platforms) that are typically sold to corporate, academic, government and individual researchers as cloud-based software-as-a-service (SaaS). The firm's cloud-based SaaS Platforms consist of proprietary software and Internet-based interfaces sold to customers through an annual or monthly subscription fee. The company also facilitates the sale of published scientific, technical, and medical (STM)content sold as individual articles (Transactions) either stand alone or via one or more of the research Platform solutions. 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.

Industry: Services-Business Services, NEC Peers: OMNIQ Corp. BigBear.ai Holdings, Inc. DecisionPoint Systems, Inc. COMPUTER TASK GROUP INC CSP INC /MA/ Glimpse Group, Inc. INTERNATIONAL BUSINESS MACHINES CORP