Rimini Street Q4 revenue up 1.9% to $114.2M; full year net loss of $36.3M; suspends guidance citing Oracle litigation

Rimini Street, Inc.

2024-FY EPS reported -$0.40 revenue$428,753,000

Q4 revenue $114.2M (+1.9% YoY); GAAP net income $6.7M ($0.07 EPS) vs $9.4M prior year period.
Full year revenue $428.8M (-0.6%); GAAP net loss $36.3M ($0.40 loss per share) vs net income of $26.1M in 2023.
Annualized Recurring Revenue $414.8M (-4.1%); active clients 3,081 (+1.4%); revenue retention rate 88% vs 90%.
Cash and short-term investments $88.8M vs $125.3M at year-end 2023; Q4 billings $172.1M (+7.1% YoY).
Suspends business outlook due to uncertainty from ongoing litigation with Oracle.

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