NASDAQ$RMNI

Rimini Street Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Achieved record fourth quarter and fiscal year revenue, exceeded management guidance, increased gross margin, and continued to improve the balance sheet with reduced debt and increased cash.

Rimini Street reported an 11.7% increase in Q4 revenue year-over-year, reaching $76.1 million. The company's active clients increased by 14.5% to 2,063. However, gross margin decreased to 60.2% compared to the previous year. The company is providing Q1 2020 revenue guidance to be in the range of $76 million to $78 million, and for full year 2020 revenue guidance to be in the range of $310 million to $320 million.

  • Q4 revenue increased by 11.7% year-over-year to $76.1 million.
  • Annualized Subscription Revenue increased by 11.4% year-over-year to approximately $302 million.
  • Active Clients increased by 14.5% year-over-year to 2,063.
  • Gross margin was 60.2% compared to 64.6% for the 2018 fourth quarter.

Headline financials

Total Revenue

$76.1M

Previous: $67.7M+12.4%
EPS (adj)

$0.05

Previous: $0.14-64.3%
Active Clients

2.1K

Previous: 1.8K+14.5%
Annualized Recurring Revenue

$302M

Previous: $271M+11.4%
Revenue Retention Rate

92.0%

Previous: 91.0%+1.1%
Net Income

-$207K

Previous: $2.34M-108.8%
Operating Income

$1.62M

Previous: $3.58M-54.8%
Gross Profit

$45.8M

Previous: $43.6M+5.1%
Cash & Equivalents

$38M

Previous: $24.8M+53.2%
Total Assets

$201M

Previous: $147M+37.3%
Stock-Based Comp

$1.7M

Previous: $1.25M+36.1%

Revenue & EPS history

Rimini Street · Revenue · Quarterly

$76.1M

Q4 2019+12.4%vs Q4 2018
Beat estimate in 10 of 13 quarters(77%)
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 first quarter 2020 revenue guidance to be in the range of $76 million to $78 million, and for full year 2020 revenue guidance to be 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 Q4 2019

Historical avgQ4 2019

+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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