Research Solutions, Inc. (NASDAQ:RSSS) Q2 2023 Earnings Conference Call February 9, 2023 5:00 PM ET

Company Participants

John Beisler - Investor Relations

Roy Olivier - President & Chief Executive Officer

William Nurthen - Chief Financial Officer

Conference Call Participants

Richard Baldry - ROTH Capital

Allen Klee - Maxim Group

Peter Rabover - Artko Capital

George Melas - MKH Management

Operator

Thank you for standing by. This is the conference operator. Welcome to the Research Solutions' Second Quarter 2023 Earnings Conference Call. [Operator Instructions] The conference is being recorded. [Operator Instructions]

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

John Beisler

Thank you, operator. Good afternoon, everyone and welcome to the Research Solutions' second quarter fiscal 2023 earnings call. On the call today are Roy 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 second 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 are included in the earnings press release issued this afternoon.

Finally, I would like to remind everyone this call is recorded and made available for replay via a link on the company’s website.

With that, I would like to turn -- now turn the call over to Roy.

Roy Olivier

Thank you, John and thanks to everyone joining us today. As I review and think about our Q2 results, I'm generally happy with the 30-plus percent year-over-year growth in our Platform revenue and the continued growth in our Transaction revenue and the cash flow and EBITDA performance versus the same period last year. We are experiencing some headwinds in terms of net ARR growth, in what we call, new bookings which is defined as a new platform and a new transaction customer.