Research Solutions, Inc. (NASDAQ:RSSS) Q3 2023 Earnings Conference Call May 11, 2023 5:00 PM ET

Company Participants

John Beisler – Investor Relations

Roy W. Olivier – President and Chief Executive Officer

Bill Nurthen – Chief Financial Officer

Conference Call Participants

Allen Klee – Maxim

Operator

Good afternoon everyone and thank you for participating in today’s conference call to discuss Research Solutions’ Financial and Operating Results for its Fiscal Third Year Ended March 31, 2023. As a reminder, this conference is being recorded. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to your host John Beisler, Investor Relations. Please go ahead.

John Beisler

Thank you, operator, and good afternoon everyone. Thank you for joining us today for Research Solutions’ third quarter fiscal 2023 earnings call. On the call with me today are Roy W. Olivier, President and Chief Executive Officer; and Bill Nurthen, Chief Financial Officer. After the market closed this afternoon, the company issued a press release announcing its results for the third quarter of fiscal 2023. The release is available on the company’s website at researchsolutions.com.

Before Roy and Bill begin their prepared remarks, I would like to remind you that some of the statements made today will be forward-looking and made under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied due to a variety of factors. We refer you to Research Solutions’ recent filings with the SEC for a more detailed discussion of the risks that could impact the company’s future operating results and financial condition. Also on today’s call, management will reference certain non-GAAP financial measures, which we believe provide useful information for investors. A reconciliation of those measures to GAAP measures is included in the earnings press release issued earlier this afternoon. Finally, I would like to remind everyone that this call will be recorded and made available for replay via a link on the company’s website.

With that, I’d now like to turn the call over to Roy.

Roy W. Olivier

Thank you, John, and thanks to everyone joining us today. I’m highly encouraged and excited about breaking the $10 million revenue for the quarter, our year-to-year revenue growth rate, our net income, EPS, and adjusted EBITDA results. These results spotlight the outstanding efforts our team puts in every day, helping our customers optimize their research costs and the efficiency of their research teams. It is truly a reflection of all the hard work that went into migrating several hundred new customers without requiring us to onboard new support or operations resources. I think it reflects positively on the scalability of our model and the diverse nature of our revenue streams that we are able to show strong year-over-year growth combined with a strong bottom line in this challenging economic environment.