Research Solutions, Inc. Financial Ratios — RSSS Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	-41.53	-44.03	1.83	-20.78	9.62	-5.13	-18.4	-14.91	-9.42	-5.25	-1.8	-9.62	2.94	-11.89	2.88
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2.51	- -	-4.94
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.92	- -	17.01
Gross Margin (%)	11.66	18.78	20.99	19.15	19.36	23.39	23.71	26.23	28.98	31.03	32.39	36.5	38.99	44.01	49.32
EBITDA Margin (%)	-13.45	-6.09	1.11	-2.87	-0.69	-4.94	-11.2	-6.05	-3.74	-2.22	-0.74	-4.46	0.45	0.2	7.22
Operating Margin (%)	-15.69	-9.66	-0.25	-3.65	-1.24	-5.32	-11.9	-6.99	-4.27	-2.68	-1	-4.52	0.31	-1.68	4.69
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33.65	- -	68.71
Pretax Margin (%)	-16.14	-16.01	0.42	-3.75	-1.6	-5.54	-11.93	-6.77	-3.99	-2.49	-0.89	-4.93	1.53	-8.23	2.75
Profit Margin (%)	-16.14	-15.26	0.42	-6.55	2.43	-2.07	-8.91	-5.99	-3.33	-2.13	-0.9	-4.96	1.52	-8.49	2.58
Net Income to Common Margin (%)	-16.14	-15.26	0.42	-6.55	2.43	-2.07	-8.91	-5.99	-3.33	-2.13	-0.9	-4.96	1.52	-8.49	2.58
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.97	- -	6.14
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	4	3	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	2	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	-0.79	-0.98	1.55	-0.55	- -	- -	-0.15	-0.19	-0.19	-0.12	- -	- -	- -	- -	- -
Net Debt/EBITDA	0.28	0.78	-3.24	2.29	6.11	5.1	2	2.9	4.97	13.52	46.8	7.21	-80.01	-69.22	-3.45
Total Debt/EBIT	-0.67	-0.62	-6.9	-0.43	- -	- -	-0.14	-0.17	-0.17	-0.1	- -	- -	- -	- -	- -
Net Debt/EBIT	0.24	0.49	14.43	1.8	3.42	4.74	1.88	2.51	4.35	11.19	34.5	7.13	-116.11	8.15	-5.32
EBITDA to Interest Expense	-31.28	-11.82	5.64	-59.25	-12.27	-68.5	-240.41	-423.79	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-33.83	-13.68	4.27	-64.4	-17.54	-79.79	-246.55	-445.48	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	-36.49	-18.75	-1.27	-75.17	-21.95	-73.72	-255.31	-489.54	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-43.22	-118	-156.59	-175.18	-213.65	-125.76	-142.11	-196.08	-196.77	-142.79	-126.7	-135.48	-103.02	-62.77	-54.23
Long-Term Debt/Equity (%)	23.9	- -	160.45	- -	- -	- -	7.56	6.36	2.62	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-34.03	-7.47	-3.82	-0.74	- -	- -	-1.89	-1.09	-0.39	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	7.88	7.22	5.65	1.25	- -	- -	2.61	2.09	0.76	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	60.89	-589.14	248.54	-107.37	- -	- -	10.11	10.01	6.88	1.63	- -	- -	- -	- -	- -
Total Debt/Capital (%)	-86.68	-22.06	-5.92	-2.92	- -	- -	-2.52	-1.71	-1.03	-0.38	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	20.07	21.32	8.75	4.97	- -	- -	3.5	3.3	2	0.54	- -	- -	- -	- -	- -
Net Debt to Equity	-21.79	470.37	-519.96	447.11	-123.91	-100.59	-132.9	-149.67	-176.57	-191.63	-202.77	-217.11	-184.78	-52.16	-87.79
Net Debt/Capital (%)	18.23	13.85	10.97	10.84	8.25	28.09	24.9	20.36	20.88	30.65	33.92	31.49	37.59	18.84	32.84
EBITDA	-5	-3	1	-1	- -	-1	-3	-2	-1	-1	- -	-1	- -	- -	4
EBITDA-CapEx	-5	-3	- -	-1	- -	-1	-3	-2	-1	-1	- -	-2	- -	- -	4
Operating Income (Loss)	-5	-4	- -	-1	- -	-1	-3	-2	-1	-1	- -	-1	- -	-1	2

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.29	0.27	0.21	0.2	0.23	0.96	0.73	0.76	0.73	0.94	0.96	0.87	0.93	0.34	0.48
Current Ratio	1.26	0.9	0.95	0.86	1.17	1.92	1.52	1.48	1.39	1.48	1.47	1.4	1.47	0.82	0.78
Quick Ratio	1.02	0.82	0.84	0.63	1.09	1.87	1.42	1.42	1.35	1.38	1.37	1.31	1.36	0.73	0.76
CFO/Avg Current Liab	-0.69	0.18	-0.01	0.05	-0.04	0.03	-0.06	-0.08	0.08	0.28	0.17	-0.04	0.25	0.22	0.32
Common Equity/Total Assets	-43.22	-118	-156.59	-175.18	-213.65	-125.76	-142.11	-196.08	-196.77	-142.79	-126.7	-135.48	-103.02	-62.77	-54.23
Long-Term Debt/Equity (%)	23.9	- -	160.45	- -	- -	- -	7.56	6.36	2.62	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-34.03	-7.47	-3.82	-0.74	- -	- -	-1.89	-1.09	-0.39	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	7.88	7.22	5.65	1.25	- -	- -	2.61	2.09	0.76	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	60.89	-589.14	248.54	-107.37	- -	- -	10.11	10.01	6.88	1.63	- -	- -	- -	- -	- -
Total Debt/Capital (%)	-86.68	-22.06	-5.92	-2.92	- -	- -	-2.52	-1.71	-1.03	-0.38	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	20.07	21.32	8.75	4.97	- -	- -	3.5	3.3	2	0.54	- -	- -	- -	- -	- -
CFO/Total Liabilities	-43.01	15.82	-1.11	5.03	-5.57	2.93	-5.32	-9.06	7.81	24.3	16.26	-3.44	23.33	11.77	21.82
CFO/CapEx	-13.88	4.79	-0.78	6.7	-3.49	0.94	-5.93	-6.98	36.42	- -	94.11	-9.42	71.68	49.66	364.63
Altman's Z-Score	2.98	1.76	4.99	1.45	3.45	2.23	1.32	3.9	5.33	3.83	4.31	2.41	2.96	1.57	2.39

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	6.02	6.59	7.96	6.24	6.97	4.41	4.59	5.77	6.59	6.95	6.93	6.61	6.61	6.85	6.97
Days Sales Outstanding	60.68	55.35	45.84	58.48	52.39	82.75	79.58	63.29	55.42	52.55	52.68	55.24	55.2	53.3	52.35
Inventory Turnover	77.26	61.93	134.31	126.56	267.62	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	4.72	5.89	2.72	2.88	1.36	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	5.09	4.14	4.19	2.84	5.86	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	71.76	88.11	87.2	128.58	62.26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	-6.36	-26.87	-38.64	-67.21	-8.51	82.75	79.58	63.29	55.42	52.55	52.68	55.24	55.2	53.3	52.35
Inventory to Cash Days	55.96	49.46	43.13	55.6	51.02	82.75	79.58	63.29	55.42	52.55	52.68	55.24	55.2	53.3	52.35
Inventories	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	47	23	31	21	19	19	23	46	66	59	74	47	55	74	88
- Cash & Cash Equivalents	3	3	2	2	1	6	6	5	5	9	11	11	14	6	12
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	4	3	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	48	22	30	19	18	13	18	41	61	49	63	36	41	68	76
Total Capital	-4	-12	-13	-15	-15	-16	-17	-19	-20	-21	-21	-23	-22	-26	-25
Total Debt/Capital (%)	-86.68	-22.06	-5.92	-2.92	- -	- -	-2.52	-1.71	-1.03	-0.38	- -	- -	- -	- -	- -
Total Debt / EV	0.07	0.12	0.03	0.02	- -	- -	0.02	0.01	- -	- -	- -	- -	- -	- -	- -
EV/Sales	1.43	0.52	0.66	0.68	0.56	0.54	0.69	1.47	2.12	1.59	2	1.11	1.09	1.51	1.55
EV/EBITDA	- -	- -	59.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	243.65	766.01	21.4
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	353.61	- -	32.99
EV/Cash Flow to Firm	- -	10.21	- -	39.29	- -	64.63	- -	- -	105.93	20.45	33.92	- -	12.19	19.01	10.8
EV/Free Cash Flow to Firm	- -	8.59	255.77	34.31	- -	32.85	- -	- -	103.1	20.45	33.57	- -	12.02	18.63	10.77
Diluted Market Cap	47	23	31	21	20	19	23	46	66	59	74	47	59	74	90
Diluted Enterprise Value	48	22	30	19	18	13	18	41	61	49	63	36	46	68	78
EV per Share	3.2	1.31	1.75	1.12	1.02	0.74	0.76	1.75	2.56	2	2.44	1.38	1.54	2.34	2.47
TTM Sales	34	43	45	28	32	24	26	28	29	31	32	33	38	45	49
TTM EBITDA	-5	-3	1	-1	- -	-1	-3	-2	-1	-1	- -	-1	- -	- -	4
TTM Operating Income	-5	-4	- -	-1	- -	-1	-3	-2	-1	-1	- -	-1	- -	-1	2
TTM Cash Flow to Firm	-5	2	- -	- -	- -	- -	- -	-1	1	2	2	- -	3	4	7
TTM Free Cash Flow to Firm	-5	3	- -	1	- -	- -	- -	-1	1	2	2	- -	3	4	7

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	-9.97	9.6	1,163.08	37.81	-83.48	50.31	-63.35	-88.27	111.79	24.26	39.39	-126.12	17.33	20.32	12.84
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	353.61	- -	32.99
Enterprise Value	48	22	30	19	18	13	18	41	61	49	63	36	41	68	76
Low Price	1.85	0.55	0.65	0.9	0.51	0.49	0.68	0.66	1.5	2.05	1.87	1.69	1.7	2	2.32
EV/Sales	1.43	0.52	0.66	0.68	0.56	0.54	0.69	1.47	2.12	1.59	2	1.11	1.09	1.51	1.55
EV/EBITDA	- -	- -	59.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	243.65	766.01	21.4
Price/Earnings	- -	- -	160.6	- -	24.79	- -	- -	- -	- -	- -	- -	- -	95.86	- -	69.58
Price/Earnings Average	-8.1	-3.88	110.89	-15.81	20.15	-30.61	-10.64	-17.43	-56.01	-109.4	-216.37	-37.78	95.09	-19.76	72.65
Price/Earnings High	-10.65	-8.22	182.9	-22.62	29.74	-42.83	-12.36	-27.97	-68.97	-149.56	-269.13	-52.77	115.13	-26.68	102.79
Price/Earnings Low	-5.12	-1.44	57.99	-8.31	11.49	-17.49	-6.89	-9.23	-37.21	-76.65	-170.6	-27.35	79.88	-15.25	56.24
Price/Book Value	-6.17	-1.61	-2.21	-1.31	-1.27	-1.23	-1.29	-2.34	-3.23	-2.77	-3.47	-2.04	-2.44	-2.8	-3.52
Price/Book Value Average	-5.74	-1.79	-1.52	-1.86	-1.04	-0.98	-1.37	-1.5	-2.62	-3.43	-2.88	-2.67	-2.42	-2.85	-3.68
Price/Book Value High	-7.55	-3.79	-2.51	-2.66	-1.53	-1.37	-1.59	-2.4	-3.23	-4.68	-3.58	-3.73	-2.93	-3.84	-5.2
Price/Book Value Low	-3.63	-0.66	-0.8	-0.98	-0.59	-0.56	-0.89	-0.79	-1.74	-2.4	-2.27	-1.94	-2.03	-2.2	-2.85
Price/Tangible Book Value	19.88	-45.68	161.63	-43.61	17.56	3.23	5.35	13.96	21.84	12.08	13.71	9.63	7.98	-4.78	-7.26
Price/Tangible Book Value Average	18.48	-50.68	111.6	-62.24	14.28	2.57	5.67	8.92	17.74	14.91	11.37	12.63	7.91	-4.86	-7.58
Price/Tangible Book Value High	24.3	-107.37	184.08	-89.03	21.07	3.59	6.59	14.32	21.84	20.38	14.14	17.64	9.58	-6.57	-10.72
Price/Tangible Book Value Low	11.68	-18.75	58.37	-32.7	8.14	1.47	3.67	4.72	11.78	10.45	8.96	9.14	6.65	-3.75	-5.87
Price/Sales	1.41	0.53	0.68	0.73	0.6	0.8	0.89	1.63	2.3	1.89	2.34	1.43	1.45	1.65	1.79
Price/Sales Average	1.31	0.59	0.47	1.04	0.49	0.63	0.95	1.04	1.87	2.33	1.94	1.87	1.44	1.68	1.87
Price/Sales High	1.72	1.25	0.77	1.48	0.72	0.89	1.1	1.68	2.3	3.19	2.42	2.62	1.75	2.26	2.65
Price/Sales Low	0.83	0.22	0.24	0.54	0.28	0.36	0.61	0.55	1.24	1.63	1.53	1.36	1.21	1.29	1.45
Price/Cash Flow	-9.26	11.6	-321.61	43.46	-57.82	103.64	-52.67	-75.62	114.86	24.26	39.81	-112.73	16.19	20.73	12.54
Price/Cash Flow Average	-8.6	12.88	-222.06	62.04	-47	82.3	-55.87	-48.35	93.28	29.96	33.01	-147.81	16.06	21.07	13.09
Price/Cash Flow High	-11.31	27.28	-366.28	88.74	-69.38	115.16	-64.91	-77.56	114.86	40.95	41.06	-206.46	19.45	28.45	18.52
Price/Cash Flow Low	-5.44	4.76	-116.14	32.6	-26.81	47.02	-36.18	-25.59	61.97	20.99	26.03	-107.03	13.49	16.26	10.14
Price/Free Cash Flow Average	-9.27	10.65	803.07	53.98	-67.86	39.95	-67.2	-56.44	90.78	29.96	32.67	-165.37	17.19	20.65	13.41
Price/Free Cash Flow High	-12.19	22.57	1,324.62	77.2	-100.18	55.9	-78.07	-90.53	111.79	40.95	40.63	-230.98	20.81	27.89	18.97
Price/Free Cash Flow Low	-5.86	3.94	420	28.36	-38.71	22.83	-43.52	-29.87	60.32	20.99	25.76	-119.74	14.44	15.94	10.38
EV/Sales Average	1.33	0.58	0.45	0.99	0.45	0.38	0.74	0.88	1.69	2.04	1.6	1.55	1.08	1.54	1.62
EV/Sales High	1.74	1.24	0.75	1.43	0.68	0.63	0.89	1.51	2.12	2.89	2.07	2.29	1.39	2.13	2.4
EV/Sales Low	0.85	0.21	0.22	0.49	0.24	0.11	0.41	0.39	1.06	1.34	1.19	1.03	0.85	1.16	1.2
EV/EBITDA Average	-9.87	-9.49	40.35	-34.3	-64.31	-7.7	-6.61	-14.56	-45.17	-91.77	-215.53	-34.73	241.06	779.79	22.49
EV/EBITDA High	-12.93	-20.35	67.73	-49.81	-97.85	-12.81	-7.98	-24.99	-56.72	-130.39	-279.5	-51.37	308.7	1,077.17	33.26
EV/EBITDA Low	-6.29	-3.37	20.23	-17.19	-34.05	-2.21	-3.63	-6.44	-28.4	-60.29	-160.04	-23.16	189.71	585.86	16.63
EV/EBIT Average	-8.46	-5.98	-179.85	-27.03	-35.94	-7.15	-6.22	-12.61	-39.52	-75.94	-158.88	-34.32	349.86	-91.85	34.68
EV/EBIT High	-11.09	-12.83	-301.93	-39.26	-54.69	-11.9	-7.51	-21.64	-49.63	-107.9	-206.03	-50.76	448.02	-126.88	51.27
EV/EBIT Low	-5.4	-2.12	-90.19	-13.55	-19.03	-2.05	-3.42	-5.57	-24.85	-49.89	-117.97	-22.88	275.32	-69.01	25.65
Last Price	3.15	1.34	1.8	1.2	1.1	1.08	0.99	1.95	2.78	2.37	2.86	1.78	2.04	2.55	2.87
High Price	3.85	3.15	2.05	2.45	1.32	1.2	1.22	2	2.78	4	2.95	3.26	2.45	3.5	4.24
Enterprise Value Average	44	25	20	28	14	9	19	25	49	63	51	51	41	69	80
Enterprise Value High	58	53	34	41	22	15	23	42	61	90	66	76	52	95	118
Enterprise Value Low	28	9	10	14	8	3	10	11	31	42	38	34	32	52	59

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	17	17	17	18	18	24	24	24	24	26	26	27	29	32	32
Diluted Weighted Avg Shares	15	17	17	17	18	18	23	23	24	25	26	26	29	29	32
Basic Weighted Avg Shares	15	17	17	17	17	18	23	23	24	25	26	26	27	29	31
Revenue per Share	2.24	2.51	2.66	1.65	1.83	1.36	1.11	1.19	1.21	1.25	1.22	1.25	1.4	1.55	1.6
EBITDA per Share	-0.3	-0.15	0.03	-0.05	-0.01	-0.07	-0.12	-0.07	-0.05	-0.03	-0.01	-0.06	0.01	- -	0.12
Operating Income per Share	-0.35	-0.24	-0.01	-0.06	-0.02	-0.07	-0.13	-0.08	-0.05	-0.03	-0.01	-0.06	- -	-0.03	0.07
Basic EPS, GAAP	-0.36	-0.38	0.01	-0.11	0.04	-0.03	-0.1	-0.07	-0.04	-0.03	-0.01	-0.06	0.02	-0.13	0.04
Basic EPS from Cont Ops	-0.36	-0.38	0.01	-0.06	-0.03	-0.08	-0.13	-0.08	-0.05	-0.03	-0.01	-0.06	0.02	-0.13	0.04
Diluted EPS, GAAP	-0.36	-0.38	0.01	-0.11	0.04	-0.03	-0.1	-0.07	-0.04	-0.03	-0.01	-0.06	0.02	-0.13	0.04
Diluted EPS from Cont Ops	-0.36	-0.38	0.01	-0.06	-0.03	-0.08	-0.13	-0.08	-0.05	-0.03	-0.01	-0.06	0.02	-0.13	0.04
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.34	0.12	-0.01	0.03	-0.02	0.01	-0.02	-0.03	0.02	0.1	0.07	-0.02	0.13	0.12	0.23
Free Cash Flow per Basic Share	-0.36	0.09	-0.01	0.02	-0.02	- -	-0.02	-0.03	0.02	0.1	0.07	-0.02	0.12	0.12	0.23
Cash & Equivalents per Share	0.19	0.18	0.1	0.11	0.08	0.34	0.25	0.21	0.22	0.38	0.42	0.4	0.5	0.21	0.4
Book Value per Share	-0.51	-0.83	-0.82	-0.92	-0.86	-0.88	-0.77	-0.83	-0.86	-0.85	-0.82	-0.87	-0.84	-0.91	-0.82
Tangible Book Value per Share	0.16	-0.03	0.01	-0.03	0.06	0.33	0.19	0.14	0.13	0.2	0.21	0.18	0.26	-0.53	-0.4

Research Solutions, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)