secwatch.observer — SEC 8-K summary
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Issuer:     Rimini Street, Inc. (RMNI)
CIK:        0001635282
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001635282-24-000175
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 Q3 revenue down 2.6% to $104.7M; net loss of $43.1M; suspends guidance due to Oracle litigation
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- Revenue $104.7M, down 2.6% YoY; operating loss of $49.6M vs income of $11.2M.
- Net loss per share $0.47; non-GAAP net income $19.9M, up from $12.1M.
- Wind down of Oracle PeopleSoft services; PeopleSoft revenue ~8% of total (9 months).
- Suspended business outlook due to ongoing Oracle litigation uncertainty.
- Reorganization costs $1.4M in Q3; expects further costs in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1635282/000163528224000175/0001635282-24-000175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1635282/000163528224000175/rmni-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001635282-24-000175

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