Research Solutions
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Research Solutions's past years’ income statements indicate that its last revenue has increased compared to the previous period by 18% to $44,623,899. Profit margin reached -8%. Total operating expenses were $20,409,709.
Profit Margin
| 2015 | 31.90M | 774.21K | 2.43% |
|---|---|---|---|
| 2016 | 34.36M | -497.85K | -1.45% |
| 2017 | 25.74M | -2.29M | -8.91% |
| 2018 | 28.01M | -1.67M | -5.99% |
| 2019 | 28.79M | -1.17M | -4.08% |
| 2020 | 31.05M | -779.68K | -2.51% |
| 2021 | 31.75M | -285.08K | -0.9% |
| 2022 | 32.93M | -1.63M | -4.96% |
| 2023 | 37.70M | 571.62K | 1.52% |
| 2024 | 44.62M | -3.78M | -8.49% |
RSSS Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 44.62M | 37.70M | 32.93M | 31.75M | 31.05M | 28.79M | 28.01M | 25.74M | 34.36M | 31.90M |
Cost of revenue | 24.98M | 23.00M | 20.91M | 21.47M | 21.42M | 20.45M | 20.66M | 19.64M | 27.86M | 25.72M |
Gross profit | 19.64M | 14.70M | 12.01M | 10.28M | 9.63M | 8.34M | 7.34M | 6.10M | 6.50M | 6.17M |
Operating exp. | ||||||||||
Research and development | 5.44M | 3.74M | 3.71M | 2.64M | 2.12M | 2.13M | 1.79M | 1.47M | 0 | 0 |
Selling and marketing | 3.44M | 2.28M | 2.27M | 2.07M | 2.50M | 2.07M | 2.18M | 3.38M | 5.28K | 0 |
Total operating expenses | 20.40M | 14.46M | 13.50M | 10.60M | 10.47M | 9.57M | 9.30M | 9.16M | 6.92M | 6.57M |
Operating income | -769.54K | 238.60K | -1.48M | -318.99K | -832.36K | -1.23M | -1.95M | -3.08M | -420.70K | -494.45K |
Other income (expenses), net | -2.90M | 338.61K | -136.74K | 37.10K | 80.04K | 82.80K | 66.19K | 11.86K | -31.61K | -16.84K |
Income before tax | -3.67M | 577.22K | -1.62M | -281.88K | -771.85K | -1.14M | -1.89M | -3.07M | -469.69K | -511.29K |
Income tax expense | 113.07K | 5.60K | 7.62K | 3.20K | 7.83K | 27.04K | 39.77K | 35.49K | 28.16K | 30.89K |
Net income | -3.78M | 571.62K | -1.63M | -285.08K | -779.68K | -1.17M | -1.67M | -2.29M | -497.85K | 774.21K |
Earnings per share | ||||||||||
Basic EPS | -0.13 | 0.02 | -0.06 | -0.01 | -0.03 | -0.04 | -0.07 | -0.09 | -0.02 | 0.04 |
Diluted EPS | -0.13 | 0.01 | -0.06 | -0.01 | -0.03 | -0.04 | -0.07 | -0.09 | -0.02 | 0.04 |
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