Research Solutions terminates chief operating officer Scott Ahlberg

Research Solutions, Inc. (NASDAQ:RSSS) terminated Scott Ahlberg from the position of chief operating officer on Monday. The announcement was made in a statement filed with the Securities and Exchange Commission. The $99 million market cap company has shown mixed performance recently, with revenue growing 14.85% but experiencing a significant 28.57% stock price decline over the past six months.

The company, which is incorporated in Nevada and operates in the business services sector, disclosed the departure under Item 5.02 of its Form 8-K, which covers changes in directors or executive officers and related compensatory arrangements. No further details regarding the circumstances of Ahlberg’s termination or any plans for his replacement were provided in the filing. According to InvestingPro data, the company maintains a GOOD financial health score despite current challenges.

Research Solutions’ common stock is listed on the Nasdaq Capital Market under the ticker RSSS. The company has operated as a fully remote business since November 2019, according to information included in the filing.

This report is based on a press release statement submitted to the SEC.

In other recent news, Research Solutions Inc . reported its first-quarter 2025 earnings, which did not meet analyst expectations. The company announced an earnings per share (EPS) of $0.01, falling short of the forecasted $0.03. Despite this, Research Solutions demonstrated a 5% year-over-year increase in total revenue, reaching $12.7 million, with platform subscription revenue growing by 22%. Net income was reported at $216,000, and the company achieved a record adjusted EBITDA of $1.4 million for the quarter. The company’s Annual Recurring Revenue (ARR) increased by 23%, reaching $20.4 million. Additionally, cash and cash equivalents rose significantly to $9.9 million, up from $6.1 million. Analysts from ROTH Capital noted strong year-over-year growth in adjusted EBITDA, indicating potential for further investment in sales and marketing to drive faster growth. The company’s focus on AI product development and strategic alternatives for its cash balance also remains a key area of interest moving forward.

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