Research Solutions, Inc. (NASDAQ:RSSS) Q4 2022 Earnings Conference Call September 22, 2022 5:00 PM ET

Company Participants

John Beisler - Investor Relations

Roy Olivier - President and Chief Executive Officer

William Nurthen - Chief Financial Officer

Conference Call Participants

Allen Klee - Maxim Group LLC

Richard Baldry - ROTH Capital Partners, LLC

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 Fourth Quarter and Full-Year Ended June 30, 2022. As a reminder, this conference call is being recorded.

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

John Beisler

Thank you, Ariel, and good afternoon, everyone. Thank you for joining us today for Research Solutions' fourth quarter and full-year fiscal 2022 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 fourth quarter and full-year fiscal 2022. The release is available on the Company's website 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 this afternoon. Finally, I would like to remind everyone this call being recorded and made available for replay via a link on the Company's website.

I would now like to turn the call over to Roy W. Olivier. Roy?

Roy Olivier

Thank you, John, and thanks to everyone joining for our fourth quarter and fiscal 2022 results. Before I get into specifics about our performance versus plan, I want to quickly recap some of our results that we accomplished during the fiscal year. During FY2022, we sold 180 net new customers, resulting in net ARR growth of over $2 million for the first time.