NASDAQ$RMNI
Rimini Street Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported an increase in revenue and net income, driven by expanded solutions portfolio and new client acquisitions.
Rimini Street announced its Q1 2023 financial results, with revenue increasing by 7.8% year-over-year to $105.5 million. The company reported a net income of $5.6 million, up 82.7% year-over-year. The company exceeded first quarter 2023 guidance.
- Revenue increased by 7.8% year-over-year to $105.5 million.
- Net income increased by 82.7% year-over-year to $5.6 million.
- Gross margin improved to 62.7% compared to 62.0% in the prior year.
- Launched expanded solutions portfolio, including Rimini ONE.
Headline financials
Revenue & EPS history
Rimini Street · Revenue · Quarterly
$106M
Revenue by segment
Rimini Street · $99.2M total across 1 segment · Q2 2022
- Subscription revenue$99.2M—100.0%
Forward guidance
The Company is providing second quarter 2023 revenue guidance to be in the range of $105.0 million to $107.0 million and maintaining full year 2023 revenue guidance to be in the range of $420.0 million to $430.0 million. The Company is also maintaining full year 2023 Adjusted EBITDA guidance in the range of $52 million to $58 million.
Tailwinds
- Second quarter 2023 revenue guidance to be in the range of $105.0 million to $107.0 million
- Maintaining full year 2023 revenue guidance to be in the range of $420.0 million to $430.0 million.
- Maintaining full year 2023 Adjusted EBITDA guidance in the range of $52 million to $58 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 2023
+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
| Quarter | Report date | Reaction (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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