Research Solutions, Inc. (NASDAQ:RSSS) Q2 2024 Earnings Conference Call February 8, 2024 5:00 PM ET

Company Participants

John Beisler - Three Part Advisors, Investor Relations

Roy Olivier - President & Chief Executive Officer

William Nurthen - Chief Financial Officer

Conference Call Participants

Allen Klee - Maxim Group

Operator

Good day and welcome to the Research Solutions, Inc. Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

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

John Beisler

Thank you, Betsy and good afternoon, everyone. Thank you for joining us today for the Research Solutions second quarter fiscal 2024 earnings call. On the call 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 second quarter of fiscal 2024. This 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 are 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 release issued earlier 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.

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

Roy Olivier

Thank you, John and thanks to everyone joining us for our second quarter fiscal 2024 results. While there are a lot of moving pieces in this quarter's results which Bill will help walk you through, I do want to take a minute to report a few milestones for the business. First, our core platform revenue from Article Galaxy and references is above $10 million in ARR for the first time. Second, our total ARR is now over $15 million for the first time. Third, the addition of scite and Resolute are positioning the company well for the future. The new products from these acquisitions and the products we can build using the combined technology of the 3 companies, positions the company to provide competitive and unique functionality across the research workflow and into other departments in most research-intensive organizations.