secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001635282-22-000210
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528222000210/0001635282-22-000210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528222000210/rmni-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001635282-22-000210

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer