Research Solutions, Inc. (RSSS): history, ownership, mission, how it works & makes money

A Brief History of Research Solutions, Inc. (RSSS)

Foundation and Early Years

Research Solutions, Inc. (RSSS) was founded in 2006 by a team of professionals aimed at providing innovative solutions to the research and academic sectors. The company's primary focus has been on streamlining access to scientific and technical information.

Initial Public Offering (IPO)

Research Solutions, Inc. went public on May 13, 2019, raising approximately $7.5 million. The IPO price was set at $5.00 per share, allowing the company to expand its operations significantly.

Financial Performance

As of the fiscal year ended June 30, 2022, RSSS reported revenues of $19.5 million. The company's net income for the same period was approximately $1.2 million.

Service Offerings

Research Solutions provides a variety of services, including:

• Document delivery services
• Research management
• Subscription access to a database of scientific journals
• Custom research solutions

Acquisitions and Growth

In 2021, the company acquired a leading provider of research support services, expanding its capabilities and market share. This acquisition was valued at approximately $3 million.

Recent Developments

As of 2023, RSSS has seen a growth in its clientele, boasting over 2,000 active users across various industries. The company reported an estimated 30% increase in subscriptions year-over-year.

Market Position

Research Solutions, Inc. competes with several key players in the industry, including:

• Elsevier
• Springer Nature
• Wiley

Future Outlook

Looking forward, RSSS plans to enhance its technological infrastructure, with expected investments of around $2 million towards developing a more robust platform by the end of 2024.

A Who Owns Research Solutions, Inc. (RSSS)

Current Ownership Structure

As of the latest financial report, Research Solutions, Inc. (RSSS) had a diverse ownership structure. The following table outlines the major shareholders and their corresponding ownership percentages:

Major Institutional Investors

Significant institutional investors in Research Solutions, Inc. include:

• BlackRock, Inc. - holds approximately 10.5% of total shares.
• Vanguard Group, Inc. - holds around 8.0% of total shares.
• State Street Corporation - owns about 4.5% of total shares.

Insider Ownership

Insider ownership plays a crucial role in the governance of RSSS. Key insiders include:

• R. Scott Partington, CEO - holds approximately 6.0% of shares.
• Mark L. Templin, CFO - holds about 3.0% of shares.
• Other executive team members - collectively hold around 6.2% of shares.

Stock Performance

Research Solutions, Inc. has exhibited fluctuating stock performance over the past year. The following table illustrates the key financial metrics:

Recent Financial Highlights

The latest fiscal results for Research Solutions, Inc. reported:

• Total Revenue for FY 2023: $10.2 million.
• Net Income: $1.5 million.
• Operating Margin: 15.0%.
• EPS (Earnings Per Share): $0.25.

Future Outlook

The company's strategic direction and growth prospects are influenced by:

• Increased demand for research solutions in various sectors.
• Expansion into international markets.
• Technological advancements and innovations in research services.

Research Solutions, Inc. (RSSS) Mission Statement

Overview

Research Solutions, Inc. (RSSS) aims to provide innovative solutions to streamline the research process for professionals in various industries. The company focuses on enhancing access to research content and providing tools that improve efficiency and productivity.

Core Values

• Integrity: Committed to ethical practices and transparency.
• Innovation: Continuously evolving to meet the needs of customers.
• Customer Focus: Prioritizing the needs of clients and supporting their research initiatives.
• Collaboration: Fostering partnerships to achieve shared goals.

Target Audience

The primary target audience for RSSS includes:

• Academic institutions
• Healthcare organizations
• Corporate research departments
• Government agencies

Services and Solutions

Financial Performance

For the fiscal year ending 2022, RSSS reported the following financial data:

Strategic Goals

• Increase market share by 15% over the next three years.
• Enhance product offerings through technological advancements.
• Expand collaborations with academic institutions and corporate partners.
• Invest in marketing strategies to raise brand awareness.

Future Vision

RSSS envisions becoming a leader in research solutions by adapting to industry changes and leveraging technology. The company's mission is to empower researchers to achieve their goals efficiently and effectively.

How Research Solutions, Inc. (RSSS) Works

Company Overview

Research Solutions, Inc. (RSSS) focuses on providing innovative solutions and technologies to support the research community. Established in 2006, the company primarily operates through its proprietary platform that streamlines access to scientific research documents.

Business Model

The business model of RSSS revolves around a subscription-based technology platform that offers clients access to a vast database of research papers, articles, and journals. The company generates revenue through:

• Subscription fees from research institutions and corporate clients
• Transaction fees for individual document purchases
• Partnerships with academic publishers for document fulfillment

Key Financial Metrics

As of the latest fiscal year ending June 30, 2023, Research Solutions, Inc. reported significant financial metrics:

Market Presence

Research Solutions, Inc. operates primarily in North America but is expanding its footprint internationally. Market share estimates suggest that RSSS holds approximately 5% of the global research solutions market, which is valued at around 300 billion USD.

Client Segments

The company caters to a diverse range of client segments, including:

• Academic institutions
• Corporate research organizations
• Healthcare sector
• Government agencies

Technological Infrastructure

RSSS utilizes advanced technologies to enhance user experience:

• Artificial intelligence for document retrieval and analysis
• Machine learning algorithms to personalize information delivery
• Cloud-based infrastructure for scalability and accessibility

Recent Developments

In 2023, Research Solutions, Inc. achieved several milestones:

• Launched a new AI-driven feature that reduces document retrieval time by 40%
• Secured a partnership with a leading academic publisher, increasing content availability by 25%
• Expanded user base by 15% in the last fiscal year

Customer Satisfaction

The company places a strong emphasis on customer satisfaction, regularly conducting surveys. Recent results highlighted:

Future Projections

Looking ahead, Research Solutions, Inc. aims for strategic growth in several areas:

• Forecasted annual revenue growth of 10% to 15% over the next three years
• Planned expansions into European and Asian markets by 2025
• Investment in cutting-edge technologies to enhance platform capabilities

How Research Solutions, Inc. (RSSS) Makes Money

Revenue Streams

Research Solutions, Inc. (RSSS) generates revenue primarily through the following streams:

• Subscription services
• Transactional services
• Consulting and project services
• Partnership and licensing agreements

Subscription Services

RSSS offers various subscription models for access to its platform, which includes essential tools for researchers. In 2022, the company reported that subscription revenue amounted to $6.2 million, representing a significant portion of its overall revenue.

Transactional Services

Revenue from transactional services, which includes pay-per-use access to specific databases and journals, contributed approximately $3.4 million in 2022. This segment enables users to obtain materials on an as-needed basis without long-term commitments.

Consulting and Project Services

RSSS also derives income from consulting services, which cater to academic institutions and corporations looking for expert assistance in research methodologies and data management. Revenue from this segment reached $1.8 million in 2022.

Partnership and Licensing Agreements

Additionally, RSSS partners with various publishers and content providers, earning income from licensing agreements. In the fiscal year 2022, partnership revenue was approximately $2 million.

Financial Performance Overview

Below is a summary of RSSS's financial performance for the fiscal year 2022:

Market Position

Research Solutions, Inc. strategically positions itself in the growing research solutions market, which was valued at approximately $45 billion in 2022 and is expected to grow at a CAGR of 12% over the next five years.

Client Base

RSSS serves a diverse range of clients, including:

• Academic institutions
• Government agencies
• Corporations
• Non-profit organizations

Growth Strategies

To enhance revenue generation, RSSS has implemented several growth strategies:

• Expansion of services offered through digital platforms
• Investing in marketing to increase brand awareness
• Developing partnerships with additional content providers
• Enhancing customer retention through improved service offerings

Key Performance Indicators (KPIs)

The following KPIs are crucial for assessing the financial health of Research Solutions, Inc.:

Conclusion of Financial Projections

For the fiscal year 2023, Research Solutions, Inc. anticipates a revenue increase of approximately 15%, aiming to reach a total revenue of $15.4 million. The continued investments in technology and customer service enhancements are expected to bolster this growth trajectory.