NASDAQ$RMNI

Rimini Street Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Achieved record quarterly revenue, matched the high-end of management guidance, and expanded sales capabilities.

Rimini Street reported a revenue of $78.0 million, up 18.5% year over year. The company generated $26.3 million of operating cash flow and net income for the quarter. They also expanded sales capabilities.

  • Revenue was $78.0 million, an increase of 18.5% year over year.
  • Active Clients were 2,077, an increase of 12.1% year over year.
  • Gross margin was 61.3% compared to 63.8% for the same period last year.
  • Net income was $2.5 million compared to $10.3 million for the same period last year.

Headline financials

Total Revenue

$78M

Previous: $66.3M+17.8%
EPS (adj)

$0.11

Previous: $0.07+57.1%
Active Clients

2.1K

Previous: 1.9K+12.1%
Annualized Recurring Revenue

$310M

Previous: $263M+17.9%
Revenue Retention Rate

92.0%

Previous: 92.0%+0.0%
Free Cash Flow

$2.55M

Previous: $11.8M-78.5%
Net Income

$2.55M

Previous: $11.8M-78.5%
Operating Income

$3.75M

Previous: $12.7M-70.5%
Gross Profit

$47.8M

Previous: $42.4M+12.8%
Cash & Equivalents

$57.6M

Previous: $32.3M+78.6%
Total Assets

$201M

Previous: $124M+62.1%
Stock-Based Comp

$1.51M

Previous: $1.16M+30.7%

Revenue & EPS history

Rimini Street · Revenue · Quarterly

$78M

Q1 2020+17.8%vs Q1 2019
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Rimini Street · $99.2M total across 1 segment · Q2 2022

  • Subscription revenue
    $99.2M

Forward guidance

The Company is currently providing second quarter 2020 revenue guidance to be in the range of $77 million to $80 million, and maintaining full year 2020 revenue guidance in the range of $310 million to $320 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.6%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-1.3%

Avg return

30 days after

45%

19 / 42 earnings

Positive

+28.3%

Q4 2021

Best reaction

-34.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+17.8%+13.8%+14.7%
Q4 2025+20.2%+18.5%+4.7%
Q3 2025-15.8%-12.3%-17.9%
Q1 2025-7.7%-6.2%-14.1%
Q4 2024+16.4%+14.1%+13.8%
Q3 2024+4.7%+6.5%+27.8%
Q2 2024-34.9%-41.0%-44.1%
Q1 2024-7.6%-11.2%-6.9%
Q4 2023+5.2%-6.8%+6.2%
Q3 2023+28.1%+26.7%+47.5%
Q2 2023-11.4%-9.3%-12.1%
Q1 2023+10.7%+9.0%+17.2%
Q4 2022+12.9%+14.5%-3.7%
Q3 2022-21.7%-25.0%-24.4%
Q2 2022-9.0%-15.2%-32.5%
Q1 2022-1.2%-0.7%+16.7%
Q4 2021+28.3%+24.2%+36.3%
Q3 2021-29.2%-33.7%-46.6%
Q2 2021-3.1%-8.7%+16.6%
Q1 2021-21.7%-20.8%-8.3%
Q4 2020+16.8%-3.9%+3.8%
Q3 2020+17.1%+27.0%+53.7%
Q2 2020-6.9%-5.4%-26.3%
Q1 2020+8.5%+4.1%+8.9%
Q4 2019+7.1%-0.7%-3.0%
Q3 2019+4.5%-2.3%+1.3%
Q2 2019+3.4%+2.7%-0.2%
Q1 2019+4.7%-0.6%-0.6%
Q4 2018-2.9%+1.5%+0.8%
Q3 2018-12.8%-21.7%-25.4%
Q2 2018-10.8%-25.4%-36.4%
Q1 2018-0.8%-0.8%-7.0%
Q4 2017+2.3%+3.9%-3.9%
Q4 2016+2.3%+3.9%-3.9%
Q3 2017+13.5%+13.3%-5.9%
Q2 2017-0.2%+0.4%+0.5%
Q1 2017-0.2%-0.2%+0.3%
Q3 2016-0.7%+0.5%+0.6%
Q2 2016+0.0%+0.0%+0.5%
Q1 2016-0.3%
Q4 2015+0.0%
Q3 2015+0.0%
Q2 2015
Q1 2015
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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