Research Solutions, Inc. (RSSS): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how researchers streamline their access to scientific content? Research Solutions, Inc. (RSSS), a company traded on the NASDAQ, provides cloud-based solutions to help researchers discover, access, manage, and analyze scientific content efficiently. With over 70% of top research organizations relying on their platforms, it's clear they're making a significant impact, and with a recent launch of Advanced Reasoning AI Model Optimized For Scientific Research, what does this mean for the future of the company?

This article dives into the history, ownership structure, mission, operational mechanisms, and revenue streams of Research Solutions, offering a comprehensive understanding of its role in the research landscape. Keep reading to explore how Research Solutions is advancing the world's knowledge and simplifying research for over 1,800 corporate customers.

Research Solutions, Inc. (RSSS) History

Research Solutions, Inc. Founding Timeline

Year established

Research Solutions, Inc. was established in 2006.

Original location

The company's original location was in Novato, California.

Founding team members

The founding team included Peter Derycz, who served as President and CEO.

Initial capital/funding

Information regarding the initial capital or funding for Research Solutions, Inc. is not available in the provided search results.

Research Solutions, Inc. Evolution Milestones

Research Solutions, Inc. Transformative Moments

Research Solutions, Inc. has undergone several transformative moments that have shaped its trajectory:

• The acquisition of Article Galaxy in 2014: This acquisition significantly broadened the company's service offerings and enhanced its content aggregation capabilities, marking a pivotal expansion in its early years.
• The launch of a new technology platform in 2015: This upgrade improved user experience and service delivery, which was crucial for attracting and retaining customers in a competitive market.
• The listing on NASDAQ in 2017: This event provided access to public capital markets, enhancing the company's financial flexibility and enabling further investments in growth and innovation.
• The introduction of AI-powered tools in 2019: Integrating artificial intelligence into its platform improved search accuracy and content discovery, positioning the company as an innovator in the research solutions space.

These moments reflect strategic decisions and technological advancements that have been crucial in the company's development and success.

To gain more insights into the company's ownership structure and investor base, consider exploring: Exploring Research Solutions, Inc. (RSSS) Investor Profile: Who’s Buying and Why?

Research Solutions, Inc. (RSSS) Ownership Structure

Research Solutions, Inc. features a mix of institutional, insider, and retail ownership, shaping its corporate governance and strategic direction.

Research Solutions, Inc.'s Current Status

As of April 2025, Research Solutions, Inc. is a publicly traded company, listed under the ticker symbol RSSS. This status allows the company to raise capital through the stock market and makes it subject to regulatory oversight and reporting requirements.

Research Solutions, Inc.'s Ownership Breakdown

The ownership of Research Solutions, Inc. is distributed among various types of shareholders. Here's a detailed breakdown:

Research Solutions, Inc.'s Leadership

The leadership team at Research Solutions, Inc. is responsible for the strategic direction and operational management of the company. Key aspects include:

• Peter的态度Spangler serves as President and Chief Executive Officer, guiding the company's overall strategy and operations.
• Andrew 斯科特 is the Chief Financial Officer, managing the financial health and strategy of the company.
• The company's board of directors includes individuals with diverse backgrounds and experiences in technology, finance, and business management.

To gain deeper insights into Research Solutions, Inc.'s investor profile, you might find this resource helpful: Exploring Research Solutions, Inc. (RSSS) Investor Profile: Who’s Buying and Why?

Research Solutions, Inc. (RSSS) Mission and Values

Research Solutions, Inc. aims to simplify and accelerate research for organizations, offering solutions to access and manage scientific and technical content while adhering to a set of core values that guide their operations and interactions.

Research Solutions, Inc.'s Core Purpose

Official mission statement

Research Solutions, Inc.'s mission statement is: 'To simplify and accelerate research for organizations.'

• The company focuses on streamlining the research process.
• They aim to provide tools and services that make research faster and more efficient.
• Their services cater to organizations that rely on scientific and technical information.

Vision statement

While a specific, distinct vision statement is not explicitly available in the provided context, Research Solutions, Inc. envisions itself as a leader in providing comprehensive research solutions. This includes:

• Becoming the go-to provider for accessing and managing scientific and technical content.
• Empowering organizations to accelerate their research and development efforts.
• Expanding their suite of solutions to meet the evolving needs of researchers.

Company slogan/tagline

Research Solutions, Inc. uses the tagline 'Simplify and accelerate research for organizations,' which encapsulates its core value proposition. This tagline highlights:

• The company's commitment to making research easier.
• Their focus on speed and efficiency in the research process.
• Their target audience of organizations engaged in research activities.

For more in-depth information, you can explore: Mission Statement, Vision, & Core Values of Research Solutions, Inc. (RSSS).

Research Solutions, Inc. (RSSS) How It Works

Research Solutions, Inc. (RSSS) facilitates efficient access to scientific, technical, and medical (STM) information for research-intensive organizations through its cloud-based software-as-a-service (SaaS) platform and related services.

Research Solutions, Inc.'s Product/Service Portfolio

Research Solutions, Inc.'s Operational Framework

Research Solutions, Inc. operates through a combination of:

• SaaS Platform: Providing access to and managing STM content.
• Content Acquisition: Licensing agreements with publishers and partnerships with content providers to ensure a comprehensive database.
• Sales and Marketing: Targeting research-intensive organizations and institutions.
• Customer Support: Offering support and training to users.

The company generates revenue primarily through subscriptions to its Article Galaxy platform, document delivery services, and customized research solutions.

Research Solutions, Inc.'s Strategic Advantages

Research Solutions, Inc. maintains competitive advantages through:

• Comprehensive Content: Access to a vast repository of STM literature.
• Technology Platform: Streamlining the process of acquiring and managing research content.
• Compliance Tools: Addressing copyright and usage rights concerns.
• Data Synthesis Capabilities: Leveraging AI to provide deeper insights.

These advantages position Research Solutions, Inc. to serve the needs of organizations requiring efficient and compliant access to STM information.

To gain more insights into the financial aspects of Research Solutions, Inc., consider exploring: Breaking Down Research Solutions, Inc. (RSSS) Financial Health: Key Insights for Investors

Research Solutions, Inc. (RSSS) How It Makes Money

Research Solutions, Inc. primarily generates revenue by providing cloud-based workflow solutions that streamline research processes for organizations, helping them to access and manage scientific and technical content more efficiently.

Research Solutions, Inc.'s Revenue Breakdown

As of the fiscal year 2024, the revenue streams and their contributions are detailed below.

Research Solutions, Inc.'s Business Economics

The business economics of Research Solutions, Inc. are underpinned by several key factors:

• SaaS Model: The company operates primarily on a SaaS model, which provides recurring revenue and higher predictability. Subscription fees are based on the number of users, features accessed, and the volume of content accessed, creating a scalable revenue stream.
• High Gross Margin: Digital content delivery allows for high gross margins, typical in the SaaS industry. Much of the cost is upfront investment in the platform, with lower marginal costs for each additional user or transaction.
• Customer Retention: Focus on integrating deeply into customer workflows increases customer retention. High switching costs due to integration and training contribute to stable, long-term customer relationships.
• Content Licensing Agreements: Strategic agreements with publishers and content providers ensure a steady stream of content, which is a critical component of their value proposition.
• Pricing Strategy: Research Solutions employs a tiered pricing model. Basic access and lower usage volumes attract smaller organizations, while premium features and higher usage allowances target larger enterprises.

Research Solutions, Inc.'s Financial Performance

Key aspects of Research Solutions, Inc.’s financial performance include:

• Revenue Growth: The company has demonstrated consistent revenue growth, driven by increased adoption of its SaaS platform and strategic acquisitions. In the 2024 fiscal year, total revenue increased to $37.7 million, an increase of 15% compared to $32.8 million for the year ended June 30, 2023.
• Gross Profit: Gross profit was $23.9 million, or 63.4% of total revenue, for the year ended June 30, 2024, compared to $20.3 million, or 61.9% of total revenue, for the year ended June 30, 2023.
• Operating Expenses: Operating expenses for the year ended June 30, 2024 were $26.1 million, compared to $22.9 million for the year ended June 30, 2023. The increase was primarily due to higher sales and marketing expenses, as well as increased general and administrative costs.
• Net Loss: Research Solutions reported a net loss of $2.2 million for the year ended June 30, 2024, compared to a net loss of $2.6 million for the year ended June 30, 2023.
• Cash Position: Strong cash reserves enable ongoing investments in technology and strategic acquisitions. As of June 30, 2024, cash and cash equivalents were $11.1 million.

For more insights into Research Solutions, Inc., check out: Exploring Research Solutions, Inc. (RSSS) Investor Profile: Who’s Buying and Why?

Research Solutions, Inc. (RSSS) Market Position & Future Outlook

Research Solutions, Inc. is strategically positioned to capitalize on the growing demand for efficient information access and management within the scientific and technical research sectors. The company's future outlook appears positive, driven by continuous innovation in its product offerings and expansion into new markets.

Competitive Landscape

Opportunities & Challenges

Industry Position

Research Solutions, Inc. occupies a niche position within the scientific and technical information solutions market. Key aspects of its industry standing include:

• Focus on serving the specific needs of researchers: This targeted approach allows the company to offer tailored solutions and build strong customer relationships.
• Technological innovation: Continuously investing in and integrating new technologies to improve its platform and offerings.
• Scalability: The company's platform is designed to scale efficiently, enabling it to accommodate growing customer demand and expand into new markets.

To further understand the core values, vision, and mission that guide Research Solutions, Inc., explore: Mission Statement, Vision, & Core Values of Research Solutions, Inc. (RSSS).