Research Solutions Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Research Solutions (NASDAQ:RSSS) Second Quarter 2023 Results

Key Financial Results

• Revenue: US$8.72m (up 11% from 2Q 2022).
• Net loss: US$255.5k (loss narrowed by 47% from 2Q 2022).
• US$0.01 loss per share (improved from US$0.018 loss in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Research Solutions Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Research Solutions that we have uncovered.

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