NASDAQ$RMNI
Rimini Street Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Announced fiscal second quarter 2020 financial results with revenue up 12.2% year over year.
Rimini Street reported a revenue of $78.4 million, a 12.2% increase year-over-year. The company's gross margin was 61.2%. They had 2,159 active clients, up 13.9% year over year.
- Achieved record quarterly revenue within guidance.
- Delivered quarterly gross margin above guidance.
- Maintained a revenue retention rate over 90 percent.
- Generated $17.9 million of operating cash flow and strengthened the balance sheet with record total cash of $73.0 million at quarter end.
Headline financials
Revenue & EPS history
Rimini Street · Revenue · Quarterly
$78.4M
Revenue by segment
Rimini Street · $99.2M total across 1 segment · Q2 2022
- Subscription revenue$99.2M—100.0%
Forward guidance
The Company is currently providing third quarter 2020 revenue guidance to be in the range of $78.5 million to $80.5 million. The Company is also raising the low-end of full year revenue guidance from $310 million to $314 million and currently providing full year 2020 revenue guidance to be in the range of $314 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 Q2 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
| 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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