Research Solutions, Inc

Good afternoon, everyone, and thank you for participating in today's conference call to discuss Research Solutions' financial and operating results for its fiscal 2025 third quarter ended March 31, 2025. As a reminder, this call is being recorded. I would now like to turn the conference over to your host, John Beisler, Investor Relations. Please go ahead.

Thank you, Operator, and good afternoon, everyone. Thank you for joining us today for Research Solutions' third quarter fiscal year 2025 earnings call. On the call with me today are Roy W. Olivier, President and Chief Executive Officer, Bill Northern, Chief Financial Officer, and Josh Nicholson, Chief Strategy Officer. After the market closed this afternoon, the company issued a press release announcing its results for the third quarter of fiscal 2025. The release is available on the company's website at researchsolutions.com. Before we begin our prepared remarks, I would like to remind you that some of the statements made today will be forward-looking and are made under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied due to a variety of factors. We refer you to Research Solutions' recent filings with the SEC for a more detailed discussion of the risks and uncertainties that could impact the company's future operating results and financial condition. Also on today's call, management will reference certain non-GAAP financial measures, which we believe provide useful information for investors. The reconciliation of those measures to GAAP measures is included in today's earnings press release as well. Finally, I would like to again remind everyone that this call will be recorded and made available for a replay via a link on the company's website. I would now like to turn the call over to President and CEO Roy W. Olivier. Roy? Thank you, Stephen.

Overall, I'm pleased with the Q3 results. The investments we have been making in sales and marketing are starting to pay off. We had strong gross and net ARR bookings across all three sales teams. The net new deployment number of 43 during the quarter takes us up to 150 on a trailing 12 month basis. And I'm happy with that number. We were all excited to have taken ARR above 20 million for the first time. And the 1.2 million incremental ARR for the quarter is a strong result as well. I also want to note that our AI-based products are showing strong growth. On a year-over-year basis, growth is strong across the board, but in the B2B enterprise license segment, we saw 180% increase over the previous year quarter. We will talk about our AI strategy in more detail later, but it is working. And I think the results should provide some comfort to our investors that we are on the right track and have the right strategy in place to provide AI based solutions that research intensive organizations need and want. I'm now going to pass the call over to Bill to walk through our fiscal third quarter financial results in detail. After Bill's portion, I will be back to address where we are in more detail. And Joss Nicholson, the founder of CITE and our chief strategy officer, will provide some additional context about our AI strategy. Bill?