secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001635282-23-000052
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street Q4 revenue $108.6M (+9.4% YoY), net loss $5.3M; FY2022 revenue $409.7M
--------------------------------------------------------------------------------

- Q4 revenue $108.6M (+9.4% YoY); full year revenue $409.7M (+9.4% YoY).
- Q4 net loss $5.3M ($0.06 loss per share) vs net income $70.1M ($0.81 EPS) in prior year.
- Q4 operating loss $5.6M vs operating income $12.7M prior year; Non-GAAP operating income $15.0M.
- Full year 2022 net loss $2.5M vs net income $75.2M in 2021; Adjusted EBITDA $52.3M.
- Credit facility amended to convert LIBOR to SOFR; added back Oracle litigation costs to EBITDA definition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000052/0001635282-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000052/rmni-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001635282-23-000052

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