Rimini Street Q3 revenue $107.5M (+5.4%), net income $6.8M vs loss year ago

Rimini Street, Inc.

2023-Q3 EPS reported $0.19 revenue$319,386,000

Revenue $107.5M, up 5.4% YoY; subscription revenue $104.1M (96.9% of total).
Net income $6.8M ($0.08 EPS) vs net loss $0.4M (-$0.00) in Q3 2022; operating income $11.2M vs $2.0M.
Adjusted EBITDA $18.2M, up from $10.0M; Non-GAAP net income $12.1M vs $8.3M.
Billings $60.5M, up 21.7% YoY; Annualized Recurring Revenue $416.3M (+4.1%).
Cash and short-term investments $128.1M, roughly flat vs $129.7M year ago.

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 the fiscal third quarter ended September 30, 2023 results: revenue $107.5 million, net income $6.8 million, EPS $0.08 per share.

Period: the fiscal third quarter ended September 30, 2023
Revenue: $107.5 million
Net income: $6.8 million
EPS: $0.08 per share
Result: reported results

Exact text from the filing

go-to-market execution,” stated Seth A. Ravin, Rimini Street’s co-founder, president, CEO and chairman of the board. Select Third Quarter 2023 Financial Highlights • Revenue was $107.5 million for the 2023 third quarter, an increase of 5.4% compared to $101.9 million for the same period last year. • U.S. revenue was $55.7 million, an increase of 4.3% compared to $53.4

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Rimini Street, Inc. filing history →

Source: SEC EDGAR

accession 0001635282-23-000203

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