Earnings call transcript Q4 2023

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Operator

Good afternoon, and welcome to the Research Solutions Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Steven Hooser, Investor Relations. ahead. go Please

Steven Hooser

and us Gary, full everyone. you Thank fiscal Thank for good Research joining today earnings and Solutions' for XXXX you, call. afternoon, fourth year quarter

with is and Bill Nurthen, for announcing release Financial Olivier, XXXX. call on On afternoon, Roy closed the its full the Chief company's website fiscal today a the The Executive and Chief results company Officer. W. issued the year the Officer, of President me researchsolutions.com. available market and quarter this After fourth are release press at

Actual would Before or to the risks begin Roy due be We results under future Act impact with and their the operating variety results of expressed Bill to today Solutions XXXX. Securities detailed made you those more prepared that condition. forward-looking and of the may a remarks, financial a some differ implied discussion Private recent I factors. Research to are of could SEC filings made Reform the you like materially refer that and will remind company's from Litigation the statements for of

for on measures A release Also management certain information reference financial reconciliation which afternoon. the this call issued we is useful provide of will measures those included measures to believe press GAAP non-GAAP in today's investors. earnings

available and I via would Finally, like the company's to this call for replay made website. on remind be recorded that will everyone link the

Roy call the to turn W. Roy? to like over now would Olivier. I

Roy W. Olivier

XXXX us our Thank and you, fourth quarter everyone Steven, results. and fiscal to for thanks joining

or all of customers. an generating cash, financial the full growth, adjusted on that continuing continued after several several year and products these and to beyond. generating the profitability, completing and efforts for our in to lay progress integrating features organic fiscal we report new EBITDA groundwork new Bill's I'll and GAAP things and acquisition, and full detail review results the Our ‘XX record in for while our respects, deliver in team's results. in generating nice proud I'm FY positive accomplished were

the can customers, ARR we more an in expanding powered In speak acquisition our AI acquisition and into through We're platform sell number and we about of this July prospects I'll of our customers. ResoluteAI, this our of accomplishments solutions the management long-term TAM our ResoluteAI's tools technologies. and with excited NLP base and addition, terms expanding XXst, opportunities the of to by provides the cross-selling shortly. of growing on medium acquisition unique broad search announced capabilities about advanced knowledge

pass fiscal But it first, Bill? and over like through year-end to to results Bill to our detail. XXXX walk I'd financial fourth in quarter

Bill Nurthen

and I quarter you, fourth begin afternoon, of of our with for Thank will everyone. results fiscal Roy, the recap XXXX. a good

fiscal fourth of Our revenue. XXXX. was from a the million, we approximately two $XX total revenue now the have XX% quarter quarters, increase in generated total over In last $XX million

quarter. Our increased including XX% of fourth from in primarily our to customer driven by deployments and revenue a platform base platform last net XX in a existing million, increase year, gain of subscription net $X.X the upsells

annual the elevated budgets terms. sequentially how we for churn where Please $X.X economic existing non-GAAP quarter approximately currently define other with release revenue tightening few year-over-year, up in and a we are ARR, or customers their annual X% experiencing some recurring see base. press ended and the environment but We use continued million revenue, in today's within growth customer reflecting slower XX% and our recurring and

was part the transaction. rest million acquired of in $X.X organic, $X.X from revenue FIZ from XX% million of A was that fourth customers growth of to approximately quarter coming the over as X% increased XXXX. it little Our transaction of the and

increase fiscal quarter The of XXXX. count the the fiscal from quarter active in from second compared for year contracts transaction count acquisition same in FIZ customer total was X,XXX X,XXX ago. third related to to is the of customer customer period quarter in which certain of XXXX, primarily the the our effective Our a became

costs. for was an increase improvement margin margin XXX ongoing year the XX.X%, a towards quarter of XXXX. our mix the to point fourth gross the quarter due point basis improvement basis margin labor with recorded our points from was proportionately fourth to business platform prior The in Gross shift revenue of quarter our The business. costs. platforms to, from as ability the increased higher service over XX.X%, related business XX lower labor transaction service XX XX.X%. prior we with The proportionally more be increase the year more continue customers able Gross primarily to was quarter again, to to lower basis margin revenue fourth transaction

of in operating the expenses were much $X.X offset restricted quarter categories from stock quarter shares experienced higher in fiscal company's prices year. that a executive implemented plan million, attained. restricted compensation slight if which in the quarter. plan to stock year We for increase which expense in this lower Total all long-term related stock are one the an expense long-term were new prior vest decrease pretty operating by the is the stock second market the only Recall cost

income the a in per Net of quarter two in result $XXX,XXX represents quarter. result. $XXX,XXX and diluted a four the quarter income in year loss last compared or three the share a the This of for $XXX,XXX such net $X.XX was positive negative $X.XX share was $XXX,XXX prior with to quarters for year-ago quarter. GAAP per EBITDA to consecutive Adjusted quarters the compared or

million XX.X% Now compared full XXXX. the turning to million to $XX.X total increased fiscal $XX.X XXXX, year revenue fiscal in to

company press experienced that the decade since growth this is has is over well. release, a as and rate the growth first the rate double-digit highest the in time in mentioned As

ARR end $X.X revenue XXXX. increased year-over-year the compared was for at Our platform million. subscription fiscal $X.X the year million XX% to to million of $X.X full

year from Total XX% platform deployments XXX, XXX of a were a as ago. June of deployments XX, increase or net

experience the fiscal to as more pronounced through customer segments moved was due regarding in primarily churn, platform mentioned which year, my some did I growth in elevated As like QX, certain we biotech. we overall in remarks slowing

this we to believe material is either of macroeconomic process. competitors. more change experiencing are going to that However, we do manage losses is being business, in are or simply to customers a without as choosing acquired, related research where their It not product out a situations more continue third-party to

growth, for the amount where growth, of is been organic. revenue revenues, inflection to as appear flat grow, an Transaction increase speaking primarily to fiscal a new million, start XX% this would exciting grow historically, contributed was where to platform an The are better was it down FIZ the we This customers we've the our fiscal can year acquisition experience been growth $XX business slightly about transactions onboarded We XXXX. which our however, again. be such would as at in margins. be doing transaction in point to from have now we that and that place

As full from we for of The previous margin, mix result look was a due at platform year. ongoing fiscal gross basis the gross point to XXXX, year increase the XX%, margin the XXX was revenue. shift

fiscal services well due lower margin business due platform also XX.X% was labor in and to compared compared transaction business However, some our proportionally business both as to costs software our and due it primarily to XXXX. serve costs in Gross margin XX.X% costs gross to which was pricing to the labor XX.X% revenue. XX.X% in XXXX. copyright for in platform This lower in in Gross lower revenue initiatives servicing to this margins. to our was expand as fiscal transaction expansion lines. margin was This was

in operating Total $XX.X compared expenses in fiscal million fiscal million to prior XXXX $XX.X year. were the

to going flat essentially and were that XXXX, expenses likely this in operating in recruiting compared not expense, year compensation XXXX expenses to roughly stock forward. $XXX,XXX includes Excluding fiscal fiscal are repeat

in fiscal time in for loss million result year. $X $X.XX the was or share one-type negative EBITDA is of whereas the adjusted This a some fiscal in per a XXXX over The or compared GAAP a million was year $XXX,XXX, $XXX,XXX year. profit Adjusted to company income related it of in for to recorded items. unique fiscal profit $X.X the fiscal $X.XX past, previous a a the was per since EBITDA XXXX XXXX diluted such $X compared prior million typically company record. share and true XXXX the operational was profit, Net or first in to

XX, and outstanding and cash XXXX million in as company of cash million our versus to aforementioned lead million did year sheet, $XX.X in our There borrowings no also cash flow June of cash. $X.X high balance XXXX. the and credit, XXth, were no on or $X.X long-term to a debt XXXX, profit flow line from we fiscal million revolving equivalents have Cash $XX.X is was an liabilities. Turning generated under operations June increase Company in which achievement.

to holdback the an ResoluteAI for of close of had on which close we the On million. of is level transaction $X.X enterprise $X.X date, consideration At XX capital. working value the than the $X.X of ARR date had The certain total July million acquisition months related times they million, upon based includes of X.X that ARR. less from XXst, announced a closing items earn-out

ahead, matter this time. it outlook, navigating some presently related As and proxy is are through at extent, to we to the to quantify material near-term hard expenses the look are as definitely we our clouding

expenses our items quite continuing July to transactions. disclosed, closed will legal in additional In These on are work addition, previously we the in materially professional serve two QX. to service as and we transaction increase related Resolute and pending all

As year in our we the positive fiscal quarter. to for a year flow only also result, Keep I and in expect first we the in us had cash positive QX. be adjusted last executive bonuses flow $XXX,XXX mind, or of positive not would QX cash EBITDA in our prior pay

QX picture expenses provide our to M&A-related will give breakdown a help and a operational our of report we clearer When we proxy-related of performance. numbers,

All saw see or that expensive, and of have core things not of do our mentioned cash the we the anything impacting The has I year profit unique not exited fiscal change material do do the said, fundamentally our XXXX. they we business, alter changed that flow or of we business and while items long-term the I that momentum business. of as what are that profile

business and feel will of in early issues behind us and the foundation in serve back move year the the we part half the that we fiscal strongly the through as well We fiscal building M&A put XXXX beyond. that year are will of proxy

Roy? to the call I'll Roy. turn back now

Roy W. Olivier

Bill. Thanks,

in a several a my been ago, business over in of the mentioned past comments areas of few tremendous the amount moments there's As progress year.

and I'll some our results. in results, some up strategic are for groundwork the through show laying quickly you those. walk future Some of

the those the acquisition new for the business or of to on DocDel FIZ, customer and profitable of and cross over transactional XXX an move six a and us XXX business, already completed FIZ had which past foundation have build via to we documents to about from customers purchased Research transaction strong helped the agreed platform months. side laying upsell. and On Solutions, in XXX of customers, is over

which a that is small and As through a earn-out, reminder, funded primarily an pays for was essentially itself. payment acquisition upfront

In those addition, serviced by from existing the customers is team. incremental DocDel being revenue our

We in has overall responsible provide opportunities to in up. or Library And AGS niche of market headcount a success our working be which Royal win, and declined to Article their we access overall revenues of partly solution workflow are their in on may -- symbolic this recently Our hybrid covered gone publishing reported costs. expect worldwide us. open titles opening that OA this as not or symbolic entitlements academic the Scholar The documents for the increase several is have by that area other which segment. Danish is for reduce libraries customer Galaxy

this As the reminder, upsell will a in platform provides to a in DocDel long term short revenue the opportunity increase the term. our participating libraries and

product-led space. to we've year, both individuals a and as to for also corporate to through cross along relevant of of past BXC onboard our academic enterprise directly new traffic top step as products upsells, Article focused deals Galaxy. base believe funnel strategy building capability key a this and them the individual and in sells user for enterprise the growing leverage Over and drive and We on our partnership is growth

on material guest have us upgrade users users to on monthly have convert identify sale We helped to we rates them those landing recently SAS a We a workflows, a revenue our that our in eventually which We BXC based fiscal XX,XXX of have the and DocDel updated product, customer. increased will have approximately working guest time, and platform and XXXX. over DocDel are BXC checkout those believe seen conversion to percentage the year users. platform

continue AI-based platform features. on the make the Regarding features, several new delivering including we products, product to progress side, new

highlighting and ChatGPT the added users and by of AI-based documents have recommendation recognition, terms we label to in our year, engine documents. allows accelerate capability PICO searching PICO past recognition the an Over PICO label to screening platforms.

for Patient documents recommendation engine doing one reminder, Comparison a are Outcome. to a and them see PICO list of without Intervention allows As AI-based stands The Population reviewing manual the screening. users they like

of our to articles released solution they allows way gain recently they summaries for providing or seconds, in a and fast an ChatGPT few then what of for the that a article articles Finally, need. to a ask group confidence easier access thus are users users

We future to see to take positioned the invest our we of we new marketing the the of believing and parts advantage to foreseeable will but continue in recover and in in upsells, that sales sales, economy headwinds be to that have want will business, continued and upswing. churn

seen impressive rebuilding invested we fiscal of DocDel a our the at rates to XXXX grew We sales email from revenue a year beginning including days XXXX, improved conversion the ‘XX, demo ‘XX, improvements In to at reducing We XX% percentage doubling from marketing open the some from to traffic by lead platform to to website late department We book year. end our the over average and our sale during the by XX days have the year XX our of ‘XX Xx XX BXC year. from by fiscal increased the our days doubling funnel requests demo during in points. year.

following increased by attended We to by traffic our also lastly, XXX%. demos media blog our our our during XX%, by and And social double improved the XX%, signups BXC by we year.

us in we environment continue the of back as the think platform help terms While bounce we're spending, we and progress improves. see a sales in making challenging to areas related economy groundwork these will

We in line operational ARR that think us year grow also made up several investments improvements future. well and to we during the the

CRM sales, we platform those our one services and the moved that Some of are, churn, company into upsell new teams. marketing

a or teams for expect in churn we As and implemented configure price sales tool, the part and the for quote team that and launch of that, new CPQ October. tool, to upsell

expect that close software for We and tool our rates improve acquisition the customers. to our journey

of year in and do flexibility engineering formally also Scrum increasing development releases moved us when We needed. we teams. software a flexible and engineering the And methodology single while our for company to development also both has greater more increasing We a and Agile moved allow team the product capacity. software adaptability to resulted number software this per will

our the For we've time the FY we framework. Andy ‘XX, company OKRs implemented OKR is for full under the around been also year for first plan. FYI, to executing entire working make aligned operational Grove's sure

the very active. stayed we've also front, On acquisition

we entire to the a markets the increase that As typically a have bring will July innovation to acquisition product in new growing we markets, acquisition the above, mentioned much as users our of AI pursued. well provide value ecosystem to completed ability range solutions in FIZ larger in our current will chain as that of not technologies customer This and announced of expertise solutions, variety successfully and research ResoluteAI.

search modules as capability opinion and landscaping, months rolling ResoluteAI cross-sell In can into six innovation or trial, verticals term, with technology today, enhancing This we out review post-closing, TAM clinical addition into we our and with In total we systematic Resolute's we the in out short new to Curedatis. the provide market plan chain the our our on literature solution serve these improved include materially versus customer platform, or addressable five our as do of leader, along our integrating which solutions solutions. to not XX and Those service increases the we define that the workflows document value four landscaping competitive product, providing base. the solutions integrating today. delivery key roll into areas advanced platform, ResoluteAI

our SaaS provides short, long-term In critical execute capability, our search software our to ResoluteAI strategy. the AI all expanding which capability, foundation advanced to ability and offerings, our our of for is

ability few and academic will share acquisitions and and both a release press EBITDA extending which $X LOI our generating the stage, ago, two cash in markets. about revenue. deepen while our serve flow, have to use in million recurring well market growing knowledge discovery, and in add search Both as positive cases we mentioned As are could management as and in are corporate weeks additional

those have to to expect We more report soon. on

see While are that in we're what in think going progress to in we we continued we the continue improvements the headwinds short-term forward. business are business, about result the making areas will in excited many

other than the members make in comments very our remain are earlier, believe we to we and excited excellent time. I areas. about have report future. many in issue, no the this Regarding and continuing Board proxy news our Bill's to independent Management progress strategy at

-- that, back like I'd With turn for over the to Operator? to turn the call Q&A. it operator

Operator

will Instructions] from begin [Operator session. question first We with Please question-and-answer Baldry the Richard go is Our now Capital. Roth ahead.

Richard Baldry

the Thanks. past, backdrop, given little impact sequential down. about to macro you acquisition likely up on has in and a seasonality to, recent bit how impact bit the a sort the Can think seasonality from talk QX In side? the little revenue we revenues oscillated the should of

Roy W. Olivier

Bill, do one? address you want to that

Bill Nurthen

Yeah, sure.

I QX still each get years can seasonal see in think seen rates know still year the have same in respect growth growth be summer. of perspective, our QX were bit that as and little those and down rates a on seen the -- what the in prior is, double to QX the you trends is just usually transaction rates just from a from they quarter. digit QX, expectation But will being transactions. prior step But sort digit still we a think growth achieve due double to with off which QX, I we of I in think we we've will we'll

Roy W. Olivier

our Resolute is the Galaxy a acquisitions, expect of product, Article new sales. product impact of than typical from QX much larger logos We new or sale. expensive in terms in don't a terms more so lumpier Resolute it's material In

I wouldn't a QX. in expect our So big on uptick Resolute

Richard Baldry

in of materially. driven, marketing more fairly in marketing that there should Was on drove sales type terms change going we sequentially, over-accruals, it Then meaningful modeling strategies down that, any or side, that the to productivity-driven, bonus factor or that forward? came and headcount was a reversals,

Roy W. Olivier

a and comment wasn't accruals. the headcount meaningful Bill change there on can to strategy, Yeah, but

Bill Nurthen

through our definitely, accelerators We rate, and Yeah, things of so we I just some in for And the on platform QX over-attainment sales, accelerators. a hit to this the reps a not that. did of accrue hit and use the go those slowness kind number as would year, year like Rich. we -- as of not conservatively run with year back of the half they the

quarter. reversed there. And so a Roy those fourth number I of this, fundamentally there's in the say as nothing said, changed accruals will

effect not (ph) in expenses it's back But before. seen So was are where going more QX like you've above the go to up them [accrual] reversal.

Richard Baldry

And what would too expansions consolidation Thanks. obviously more at again or about or market more you're similar under you're oriented? directly then, they to TAM talking now, doing without looking LOIs, be what the extensions

Roy W. Olivier

is but combined, segment, I is in of materially. of there our a interesting It Resolute’s least it expands new products. of corporate, even than you mean advisor derive products and not and that the the significant base. one my if a academic government one of capability in And There's of some us say typically we we very we are have our enhance I XX% these when about less in has because only the conference post-Resolute. webcast but And explains today three-part did at fairly add academic a Research new an And which we into our -- also not kind their corporate, both which detail. a to cross-sell will and think majority reflects of more into Solutions will their I product it of a another But into academic a us strategy revenue basically opportunity, little a month segment which footprint, case, with materially this capability presentation segment, have, of revenue. product ago. do

Richard Baldry

numbers. for it. and your Got adjusted on help the congrats EBITDA Thanks record

Roy W. Olivier

you. Thank

Bill Nurthen

Thanks.

Operator

The question go Please is Group. with ahead. Klee Maxim from next Allen

Allen Klee

Yes, talking Is did losing bottom they when around or ARR. that earn-out, second, be about it you hi. you said while if Good it's it get overall what mean that say million negative million? gets it's meant so, that that the else? Should $X you around ResoluteAI, afternoon. think something assuming in how that you million that? And you. about the line? going Thank money, Starting And impact on to a should around with we if does to did will were you have $X.X we it the now, earn-out, $X.X be

Roy W. Olivier

FYI, detail has into your I ResoluteAI it addresses By bit about want we Bill, of X-K an that But over you the that and to the those? turn did Bill, FAQ questions. to way, file some goes attached take do acquisition go before and more an ahead a

Bill Nurthen

just I'll with real start Yeah, to something. the question clarify acquisition quick just terms just

assumed it's basically times, close, enterprise million. $X.X an the basically earn-out after X.X of yeah, is months XX X.X value their So less times the ARR,

on how work earn-out With that's it should impact do it we how Resolute. X-K the respect we that will drag be math for that a as I expect Roy performance, in on put will disclose there $XXX,XXX cash disclosed, So basically do to would think that. to that. in acquisition, the per they the improve did in two things say did We about to month. working near we when are we that burning the term. One, about I performance were

already we steps is of a number On the there side, taken. cost have that

will service their the cut the have that we we as week to think we have bring related about $XXX,XXX some on of We of And cloud we discretionary out about there's big that a in revenue they their ideas be then of cut the to working of transaction, component in business. well. -- first $XXX,XXX how down costs the sort costs of

for Roy cross-sell be important mentioned, six aspect The this to products is up. are, Those will other as cross-sell get we probably activity ready of months. working not our

working to say which that is transaction value timeframe cash again, we about and I the selling we Roy is positive. that really are start feel talking that is is. the two February flow as those And and that you on, involves deals in that another profitable sort is an transaction them. acquisition discussed. of, last would You are, where strategy one deals The mentioned, the other piece January, of, thing But are

one So sort come cash happened can flow do performance that some this of to just our from Resolute’s improvement in have accretively to we We on, operational as execute a think well. we that of was, addition steps first. other and profit standpoint

Allen Klee

you. Thank

so as In you excluding think about terms like think I'm of okay, growth revenues, costs how proxy ‘XX viewing how -- like, how the you budgeting acquisitions? to other you're the about do to one-time related relative -- in and to expense what kind would -- of operating fiscal

Bill Nurthen

is of say new costs well But there investments associated high costs probably up are to dealing payroll headcount all acquisitions material. the X%, from to a growth basically as we're to business. I rates with will would the material Yeah, so are sort that average about we're in answer we're launching related legal raises proxy or to business the expenditures in We business, done is, essentially of issue amount the perspective budgeting getting go as What on that give core is X%. and not otherwise the the Sure. expenses. employees very the not core our the which with additional

itemize kind of versus with of but transparent is goes back in and we'll operational acquisition unique. really there business script. and sort side. things clear the QX, give report everybody my on stuff we the is But to comments material changed, are what out we about hasn't when be we're it -- some dealing Core what will think this we a so, picture And

out will I in long term. and the term short the investment prove to be wise the get in-house. But in us these will spend they impact deals legal think that in done to

Allen Klee

two any is you've Okay, the ARR, of that's do either things for incrementally think macro great. reason reasonable a that? think terms then adding change Do rate might added or you run the taking? ARR, how you're rate that you of probably forward, quarters to kind going that And quarterly about actions the last or in of of that's there done think

Roy W. Olivier

don't know environment concerned of macro I answer We seeing. remain to about we're how the Well, do some that.

to thing. have see that to a that spending want in others are of through seats and companies number of reduce their freezes We of that continuing lot reducing sort spend place,

am concerned that specific that, about data have I I support any I number. to but know don't So, a

Allen Klee

have housekeeping you count average share and share maybe was what a quarter? the fourth I what Okay, Can us question. tell the is for current your count

Roy W. Olivier

Bill?

Bill Nurthen

Yeah, is shortly, for put outstanding. our XX.X million probably, We'll was quarter at XX.X end. count that sure. Current out million share it shares filing K probably and will show about

shares. as think for I average, think I far As -- XX.X around the for year, basically is -- it XX.X the million a was that the million on diluted basis --

Allen Klee

great. Okay,

thank you Okay, much. so

Roy W. Olivier

you. Thank

Operator

Artko next Capital. from Rabover Please is go Peter with ahead. The question Instructions] [Operator

Peter Rabover

like a on the battle. first guys. Well, make I'd of proxy to statement Hey, kind

incredibly been And and a engage more think negative shareholder embarrassing in this. Peter for I Paul's has presence it's to as positive. even Paul than

if happy you're your to listening, Paul, And more so, help stake. buy out we're than

to settled as be possible encourage as matter this that's stuff going to and expensive stop the highly would I very for soon on. So

and hope you you an point new I I was customers was like a it. questions, if increasing that mentioned wondering on Bill, inflection very I elaborate to said, guys So you stop little And With transaction growth. with embarrassing that bit. respect platform have there could

Bill Nurthen

are which a our growth sometimes company of even the typically I negative huge transaction transactions. side to they spend. on on moving customers, then customers benefits is transaction the lot its platform platform. Yeah, the of transaction seen low platform, was And savings we've is growth they of sort and I a existing to what the pretty that the business again, on and that -- think cost one so on historically -- the rate mean, basically their the And go of when offers savings experiencing of historically,

saying, so still that The And hey, offset if onboard fiscal because XXXX, we to was older customers they transactions and are which a us here each that growth. rates material to tend that's on to think those start in those I transactions year but seeing their going we to what overall headwind especially basically flat company growth annual been extent, we're year to lesser analysis are that we the have for customers transactions are did, continue in new getting. customers down. typically -- the look savings to again we XXXX, And the a fee fiscal at at basically, did then materially who three year as times transaction to spend

growth as see is growth rather growth about, move of but talked we exaggerated expect growth into of Now we that that of the little QX as organic is this FIZ, more than fiscal organic and less in we year. bit continue can a I that QX, which because

a like that's past that. predict hard sort where just And turned or have some of been, the always the to down in I think in corner, whereas we So trend again, it's cases we've been flat.

Peter Rabover

Okay, very was great. off That helpful. Thanks. now. jump I'll

Roy W. Olivier

Thank you.

Operator

would for remarks. to Roy turn conference our This any Olivier over I question-and-answer back concludes like to closing session. the

Roy W. Olivier

a our Well, you to speaking on November you. And today. first call our great in thanks, XXXX thank us to We to discuss joining everyone, results. quarter Have fiscal for forward day. look

Operator

Thank for you now presentation. is concluded. today's attending conference The

You disconnect. may now

Research Solutions (RSSS) 13 Sep 232023 Q4 Earnings call transcript