Research Solutions预计第四季度收入将增长22%，至约1，210万美元

2024-08-20 00:07

Research Solutions (NASDAQ:RSSS) on Monday said it expects the total revenue to increase 22% to approximately $12.1 million for its fiscal fourth quarter 2024.
Consensus for quarterly revenue is $11.74M, while that of EPS is $0.01.
Platform revenue to be up 86% to approximately $4.3 million; annual recurring revenue to increase approximately 85% to $17.4 million.
Positive income from operations of approximately $0.7M.
The company expects to incur a GAAP net loss in the quarter primarily due to a charge of approximately $4.3M related to increasing its projected earn-out assumptions with respect to the Scite acquisition.
Adjusted EBITDA of approximately $1.4 million, a 70% increase from the prior-year quarter.
Cash flow from operations near $2.0 million and ending cash balance above $6 million
The company also expects revenue to increase 18% to approximately $44.6 million for the full year Fiscal 2024.
Platform revenue to be up 61% to approximately $14 million
GAAP net loss of approximately $3.8 million; Adjusted
EBITDA to increase 11% to approximately $2.2 million.
RSSS is +1.62% to $2.82.
Source: Press Release

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