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

Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001635282-23-000176
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rimini Street Q2 revenue $106.4M (+5.2% YoY); net income jumps to $4.3M from $0.1M
--------------------------------------------------------------------------------

- Revenue $106.4M, up 5.2% YoY; subscription revenue 96.3% of total.
- Net income $4.3M ($0.05 diluted EPS) vs $0.1M ($0.00) prior year; operating income $10.3M.
- International revenue $52.4M, up 10.9% YoY; North America posted record Q2 sales invoicing.
- Adjusted EBITDA $15.8M vs $11.0M last year; cash and short-term investments $140.7M.
- Repurchased $1.0M of common stock at avg price $4.09 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000176/0001635282-23-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000176/rmni-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001635282-23-000176

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