secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001635282-23-000203
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 Q3 revenue $107.5M (+5.4%), net income $6.8M vs loss year ago
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000203/0001635282-23-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528223000203/rmni-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001635282-23-000203

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