Rimini Street Q1 revenue up 1.2% to $106.7M; net income drops to $1.3M from $5.6M; guidance suspended

Rimini Street, Inc.

2024-Q1 EPS reported $0.01 revenue$106,745,000

Q1 revenue $106.7M (+1.2% YoY); net income $1.3M ($0.01 EPS) vs $5.6M ($0.06 EPS).
Gross margin 59.8% (down from 62.7%); Adjusted EBITDA $10.7M vs $16.6M YoY.
Guidance suspended citing ongoing Oracle litigation; no 2024 outlook provided.
Refinanced $70.9M debt with $75M term loan + $35M revolver (5-yr; SOFR+2.75%-3.5%).
Hired Steven Hershkowitz as CRO and Martyn Hoogakker as EMEA GM.

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 0.95

Rimini Street, Inc. reported fiscal first quarter ended March 31, 2024 results: revenue $106.7 million, net income $1.3 million, EPS $0.01.

Period: fiscal first quarter ended March 31, 2024
Revenue: $106.7 million
Net income: $1.3 million
EPS: $0.01
Result: reported results

Exact text from the filing

Revenue was $106.7 million for the 2024 first quarter, an increase of 1.2% compared to $105.5 million for the same period last year.

View on SEC.gov

268 earnings releases filed in the last 30 days. Browse all earnings releases →

Rimini Street, Inc. filing history →

Source: SEC EDGAR

accession 0001635282-24-000108

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.