Research Solutions, Inc. (RSSS)

Research Solutions Income Statement

Financials in millions USD. Fiscal year is July - June.

Year	2023	2022	2021	2020	2019
Revenue	37.7	32.93	31.76	31.06	28.79
Revenue Growth (YoY)	14.48%	3.71%	2.25%	7.87%	2.77%
Cost of Revenue	23	20.91	21.47	21.42	20.45
Gross Profit	14.7	12.02	10.29	9.64	8.34
Selling, General & Admin	14.41	13.63	10.56	10.47	9.56
Other Operating Expenses	0.05	0.02	0.01	0.02	0.04
Operating Expenses	14.46	13.65	10.57	10.49	9.6
Operating Income	0.24	-1.63	-0.28	-0.85	-1.25
Other Expense / Income	-0.34	-0.01	-0	-0.2	-0.32
Pretax Income	0.58	-1.62	-0.28	-0.65	-0.93
Income Tax	0.01	0.01	0	0.01	0.03
Net Income	0.57	-1.63	-0.29	-0.66	-0.96
Shares Outstanding (Basic)	27	26	26	25	24
Shares Outstanding (Diluted)	29	26	26	25	24
Shares Change	10.28%	1.59%	5.04%	3.97%	1.46%
EPS (Basic)	0.02	-0.06	-0.01	-0.03	-0.04
EPS (Diluted)	0.02	-0.06	-0.01	-0.03	-0.04
Free Cash Flow	3.34	-0.46	1.85	2.42	0.56
Free Cash Flow Per Share	0.12	-0.02	0.07	0.10	0.02
Gross Margin	38.99%	36.50%	32.39%	31.03%	28.98%
Operating Margin	0.63%	-4.96%	-0.89%	-2.74%	-4.36%
Profit Margin	1.52%	-4.96%	-0.90%	-2.13%	-3.33%
Free Cash Flow Margin	8.85%	-1.40%	5.82%	7.79%	1.95%
Effective Tax Rate	0.97%	-	-	-	-
EBITDA	0.63	-1.61	-0.27	-0.63	-0.89
EBITDA Margin	1.67%	-4.88%	-0.85%	-2.03%	-3.11%
Depreciation & Amortization	0.05	0.02	0.01	0.02	0.04
EBIT	0.58	-1.62	-0.28	-0.65	-0.93
EBIT Margin	1.53%	-4.93%	-0.89%	-2.11%	-3.24%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).