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Research Solutions fiscal Q3 profit climbs YOY

Research Solutions Inc. said its normalized net income for the fiscal third quarter ended March 31 came to $23,490, an increase from $9,820 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 0.3% from 0.1% in the year-earlier period.

Total revenue decreased on an annual basis to $8.7 million from $8.8 million, and total operating expenses declined year over year to $8.7 million from $8.8 million.

Reported net income totaled $32,380, or 0 cents per share, compared to a loss of $1,820, or a loss of 0 cents per share, in the year-earlier period.