Rimini Street Q3 revenue $101.9M (+6.6% YoY); net loss $0.4M vs income $1.9M YoY

Rimini Street, Inc.

2022-Q3 EPS reported $0.03 revenue$301,041,000

Revenue $101.9M (+6.6% YoY); subscription revenue $99.9M (98.1% of total).
Gross margin 61.5% vs 65.1% YoY; operating income $2.0M vs $7.5M.
Net loss $0.4M vs net income $1.9M; non-GAAP net income $8.3M vs $13.0M.
Active clients 3,010 (+7.8%); Revenue Retention Rate 94% (from 93%).
Oracle withdrew counterclaims for monetary relief; trial on remaining equitable claims set Nov 29, 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rimini Street, Inc. reported third quarter ended September 30, 2022 results: revenue $101.9 million, net income -$0.4 million, EPS $0.00.

Period: third quarter ended September 30, 2022
Revenue: $101.9 million
Net income: -$0.4 million
EPS: $0.00
Result: reported results

Exact text from the filing

Third Quarter 2022 Financial Highlights • Revenue was $101.9 million for the 2022 third quarter, an increase of 6.6% compared to $95.6 million for the same period last year. • U.S. revenue was $53.4 million, an increase of 5.8% compared to $50.5 million for the same period last year. • International revenue was $48.5 million, an increase of 7.4% compared to $45.2 million for the same period last year. • Annualized Recurring Revenue was $399.8 million for the 2022 third quarter, an increase of 6.2% compared to $376.6 million for the same period last year. • Active Clients as of September 30, 2022 were 3,010, an increase of 7.8% compared to 2,793 Active Clients as of September 30, 2021. • Revenue Retention Rate was 94% for the trailing twelve months ended September 30, 2022 and 93% for the comparable period ended September 30, 2021. • Subscription revenue of $99.9 million, which accounted for 98.1% of total revenue for the 2022 third quarter compared to subscription revenue of $94.1 mill

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Rimini Street, Inc. filing history →

Source: SEC EDGAR

accession 0001635282-22-000210

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