Research Solutions sees Q4 revenue $10M vs. $8.6M last year

Sees Q4 positive net income and adjusted EBITDA of approximately $0.8M. “Our preliminary Q4 and FY23 results reflect the ongoing positive transformation in our business, as the company is experiencing significant growth on both the top line and bottom line for the first time in its history. On a fiscal year basis, we expect to grow revenue double digits on a percentage basis, report a GAAP net profit, and generate cash flow of over $3M. We continue to execute on our strategy and are beginning to demonstrate the earnings potential in our business,” said Roy Olivier, CEO. “We are also pleased that on July 31, 2023, we announced the acquisition of ResoluteAI, which is one of a number of strategic steps we intend to take to make our software tools more efficient and relevant for our research customers.”