NASDAQ$RMNI
Rimini Street Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Achieved record quarterly revenue above guidance, record new sales invoicing and backlog, calculated billings growth, quarterly gross margin above guidance, maintained a revenue retention rate, produced another consecutive quarter of net income, further strengthened the balance sheet with record total cash, and generated operating cash flow.
Rimini Street announced fiscal third quarter 2020 financial results with quarterly revenue of $82.5 million, up 19.3% year over year, and quarterly calculated billings of $68.3 million, up 33.3% year over year.
- Revenue was $82.5 million, an increase of 19.3% compared to the same period last year.
- Annual Recurring Revenue was $327 million, an increase of 18.6% compared to the same period last year.
- Active Clients were 2,365, an increase of 16.4% compared to the same period last year.
- Net income was $3.3 million compared to $1.4 million for the same period last year.
Headline financials
Revenue & EPS history
Rimini Street · Revenue · Quarterly
$82.5M
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 fourth quarter 2020 revenue guidance to be in the range of $82.5 million to $83.5 million. The Company is also raising full year revenue guidance to be in the range of $321.5 million to $322.5 million, up from a 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 Q3 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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