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Research Solutions Inc (RSSS) RSS Feed

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RESEARCH SOLUTIONS INC. COMPANY INVESTOR PROFILE PAGE



facebook.com/rsolutionsinc



twitter.com/rsolutionsinc




Derycz Scientific Announces Corporate Name Change to "Research Solutions"; Ticker Symbol Change to "RSSS"

New name reflects growing focus and penetration of the massive Life Sciences market and other research-intensive industries

SOURCE Research Solutions, Inc.

http://finance.yahoo.com/news/derycz-scientific-announces-corporate-name-110000546.html
 

Market Space:
 
$63.4B Search, Aggregation and Syndication information industry. Specific industry segment is the $4.2B document and electronic publication delivery market.
 
Competition:
 
Infotrieve and other competitors that are largely academic non-profits including smaller fragmented enterprises. Research Solutions Inc, is currently the leader in its market and industry space. 
Chairman, CEO and CFO were previous executive management of Infotrieve, a US private company started in 1989 by Peter Derycz in the same document delivery space. Under their management, Infotrieve grew sales to approximately $32 million then acquired by a private equities group in 2004. (note1)
 
About Research Solutions:
 
Research Solutions Inc. and its wholly-owned subsidiaries, Techniques Appliquees aux Arts Graphiques, S.p.A. (TAAG), France and Reprints Desk (www.reprintsdesk.com) deliver research information services and related software solutions to Life Sciences and other research-intensive industries. The Company services clientele primarily in the health, sciences and medical research markets and provides services to over 100 countries, delivering approximately 9-10 million electronic scientific based publications annually. (note 3)


Reprints Desk is their Award Winning Subsidiary



Reprints Desk
 
Twitter:         https://twitter.com/reprintsdesk
 
Linkedin:       http://www.linkedin.com/company/reprints-desk
 
Youtube:        http://www.youtube.com/reprintsdesk
 
Flickr:           http://www.flickr.com/photos/reprintsdesk
 
Scribd:          http://www.scribd.com/reprintsdesk

                                                             

    

 Key Recognitions & Awards

2012 -Outsell Inc. Best Practices and Vendor Score Card for overall services and performance
2012 - Association of Independent Information Professionals (AIIP) 2012 Technology Winner
2012 -Los Angeles Business list of largest and most profitable public companies in LA
2012 -KM Trend-Setting Product of 2012 - Article Galaxy - A Reprints Desk Product
2012 -KM World-most important 100 companies in the knowledge management industry
2012 -Hot Company 411 - Hottest Southern California Companies
2012 -CODiE -Best Online Science or Technology Service
2011 -EContent-100 Top Companies in the Digital Content Industry
2011 -KM World Magazine - Product recognition for STM Document (Article Delivery) Product
2011 -CODiE - Best Digital Rights Management Solution
2011 -KM World -100 Companies that matter most in the knowledge Management
2010 -Econtent -100 Companies that matter most in the Digital Content Industry
2010 -Pharmavoice 100 - The Most Inspiring People in the Life Sciences - Peter Derycz
2010 -Trailblazer Awards - Video Commercial Category (healthcare marketing, public relations)
2010 -KM World -100 Companies that matter most in the knowledge Management
2009 -Dun & Bradstreet - Top 20% in Open Ratings Report
2009 -KM World -100 Companies that matter most in the knowledge Management
2008 -Outsell Inc. Best Practices and Vendor Score Card for overall services and performance

 
 
SUMMARY FINANCIAL INFORMATION

 

Additional Financial Information (FINANCIAL INFORMATION SUMMARY) / Yahoo Finance (RSSS) (note 5)
 
Key Notes to Financial Performance
 
Q2 Fiscal 2013(note3.)
 
·         Adjusted EBITDA of $422,000, a $1.4M increase over Q2 FY2012
·         20% gross profit as a percentage of revenue, a 5% increase over Q2 FY2012
·         $11.5M in revenue from US Operations, a 29% increase over Q2 FY2012
·         $14M in consolidated revenue, up 16% over Q2 FY2012
·         Reaffirm guidance of $1M in adjusted EBITDA from US Operations for FY2013
 
Q1 Fiscal 2013(note3.)
 
·         Adjusted EBITDA of $221,000, a $1.5M increase over Q1 FY2012
·         23% gross profit as a percentage of revenue, an 8 point increase over Q1 FY2012
·         $7.1M in revenue from US Operations, a 4% increase over Q1 FY2012
·         $9.5M in consolidated revenue, down 3% over Q1 FY2012
·         Reaffirm guidance of $1M in adjusted EBITDA from US Operations for FY2013
·         Stabilization of European subsidiary TAAG.
 
Fiscal 2012(note3.)
 
·         43M revenue, up 28% from 2011 (33.5M)
·         18.8% Gross Profit 2012 compared to 11.7% Gross Profit 2011
·         10M articles delivered to +1000 accounts in +100 countries
·         $2.5M impairment acquisition charges of TAAG, Pools Press, and intellectual property licenses
·         US Operations well positioned for profitability in 2012 because of gross margin improvements and expense reduction measures performed during the year.

Q3 Fiscal 2012(note3.)
 
·         $251,000 income from operations before depreciation and amortization, stock-based compensation, and impairment charges.
·         $2.3M one-time impairment charge related to TAAG and intellectual property licenses
·         Gross Profit as a % of revenue increased from 8.7% (2011) to 22.5% (2012)
·         31% increase in total revenue to $10 million from $7.6 million in 2011 third quarter

 
Management Referenced Commentaries
 
"We couldn't be happier to report the continuation of the positive adjusted EBITDA trend we started last quarter.  Our adjusted EBITDA improved by 142% compared to the same quarter last year, and by 91% compared to our previous quarter.  This was a very strong quarter for us despite the holidays and disruption in the US market caused by hurricane Sandy.  Our US operations at Reprints Desk are running very smoothly.  During the quarter we were able to not only increase our revenue and customer base, but we were also able to make substantial technology, human resource, and process improvements which improved our ability to satisfy our customers that are growing in number on a daily basis." -  Peter Derycz, President & CEO (note3.)
 
Alan Urban, Chief Financial Officer, added "Everything appears to be going up and to the right.  Compared to the same quarter last year we experienced a 29% increase in revenue from US Operations, and a 16% increase in consolidated revenue.  In addition, our adjusted EBITDA was $422,000 for the quarter, bringing our year to date EBITDA to $643,000."  Mr. Urban continued, "Again our adjusted EBITDA swung in the right direction compared to the same quarter last year, this time by $1.4M.  We reaffirm our guidance of $1M in adjusted EBITDA from US operations for the fiscal year." (note3.)
 
1 Year Chart History



3 Month Chart History



Information References & Notes Table
 
(note 1.)       http://www.scribd.com/doc/23809037/Derycz-Scientific-Investor-Presentation
                      http://www2.reprintsdesk.com/About/Management.aspx
 
(note 2.)       http://finance.yahoo.com/news/derycz-scientific-announces-corporate-name-110000546.html
 
(note 3.)       http://www2.reprintsdesk.com/News/PressReleaseDetail.aspx?prid=101
                      http://www2.reprintsdesk.com/News/PressReleaseDetail.aspx?prid=105
                      http://www2.reprintsdesk.com/News/PressReleaseDetail.aspx?prid=108
                      http://www2.reprintsdesk.com/News/PressReleaseDetail.aspx?prid=110
                      http://www2.reprintsdesk.com/News/PressRelease.aspx
 
(note 4.)       http://www2.reprintsdesk.com/News/Awards.aspx
                      http://www2.reprintsdesk.com/News/PressRelease.aspx
                      http://www2.reprintsdesk.com/About/Responsibility.aspx
 
(note 5.)       http://ca.finance.yahoo.com/q/bs?s=RSSS&annual
                      http://ca.finance.yahoo.com/q/cf?s=RSSS&annual
                      http://ca.finance.yahoo.com/q/hp?s=RSSS&a=02&b=12&c=2012&d=02&e=13&f=2013&g=m

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