Research Solutions (NASDAQ:RSSS) Posts Earnings Results, Misses Estimates By $0.09 EPS

Research Solutions (NASDAQ:RSSS) announced its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09), Zacks reports. The business had revenue of $11.91 million during the quarter, compared to analyst estimates of $11.86 million. Research Solutions had a negative net margin of 4.57% and a positive return on equity of 8.43%.

Research Solutions Price Performance

Shares of RSSS stock traded down $0.29 during trading on Friday, reaching $3.62. The company’s stock had a trading volume of 254,368 shares, compared to its average volume of 131,650. The company has a market capitalization of $118.81 million, a price-to-earnings ratio of -45.25, a P/E/G ratio of 5.03 and a beta of 0.54. The stock’s 50-day moving average price is $3.91 and its 200 day moving average price is $3.20. Research Solutions has a 1-year low of $2.38 and a 1-year high of $4.24.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.