A spotlight to change in income: Rimini Street, Inc. (NASDAQ: RMNI)
On 14 May 2020, Rimini Street, Inc. (NASDAQ: RMNI) spotted trading -25.36% off 52-week high price. On the other end, the stock has been noted 84.23% away from the low price over the last 52-weeks. The stock changed -1.68% to recent value of $4.09. The stock transacted 51331 shares during most recent day however it has an average volume of 86.03K shares. The company has 63.72M of outstanding shares and 18.75M shares were floated in the market.
Rimini Street, Inc. (RMNI) recently reported results for the fourth quarter and for the fiscal year ended December 31, 2019.
Fourth Quarter 2019 Financial Highlights
- Revenue was $76.1M for the 2019 fourth quarter, a raise of 11.7% contrast to $68.1M for the 2018 fourth quarter.
- Annualized Subscription Revenue was about $302M for the 2019 fourth quarter, a raise of 11.4% contrast to $271M for the 2018 fourth quarter.
- Active Clients as of December 31, 2019 were 2,063, a raise of 14.5% contrast to 1,802 Active Clients as of December 31, 2018.
- Revenue Retention Rate was 92% for the trailing 12 months ended December 31, 2019 contrast to 91% for the comparable period ended December 31, 2018.
- Gross margin was 60.2% for the 2019 fourth quarter contrast to 64.6% for the 2018 fourth quarter.
- Operating income was $1.6M for the 2019 fourth quarter contrast to $6.6M for the 2018 fourth quarter.
- Non-GAAP Operating Income was $5.1M for the 2019 fourth quarter contrast to $13.0M for the 2018 fourth quarter.
- Net loss was $0.2M for the 2019 fourth quarter contrast to net income of $5.4M for the 2018 fourth quarter.
- Non-GAAP Net Income was $3.3M for the 2019 fourth quarter contrast to $11.8M for the 2018 fourth quarter.
- Adjusted EBITDA for the 2019 fourth quarter was $4.7M contrast to $13.0M for the 2018 fourth quarter.
- Basic and diluted earnings per share attributable to ordinary stockholders was a net loss per share of $0.10 for the 2019 fourth quarter contrast to a net loss per share of $0.01 for the 2018 fourth quarter.
Full Year 2019 Financial Highlights
- Revenue was $281.1M for 2019, a raise of 10.9% contrast to $253.5M for 2018.
- Gross margin increased to 62.6% for 2019 contrast to 62.1% for 2018.
- Operating income was $22.1M for 2019 contrast to $29.5M for 2018.
- Non-GAAP Operating Income was $26.8M for 2019 contrast to $35.2M for 2018.
- Net income was $17.5M for 2019 contrast to a net loss of $64.0M for 2018.
- Basic and diluted net loss per share attributable to ordinary stockholders was $0.12 for 2019 contrast to a net loss of $1.22 for 2018.
- Non-GAAP Net Income was $22.0M for 2019 contrast to Non-GAAP Net Loss of $4.7M for 2018.
- Adjusted EBITDA was $27.0M for 2019 contrast to $35.3M for 2018.
Reconciliations of the non-GAAP financial measures provided in this press release to their most directly comparable GAAP financial measures are provided in the financial tables included at the end of this press release. An explanation of these measures, why we believe they are meaningful and how they are calculated is also included under the heading “About Non-GAAP Financial Measures and Certain Key Metrics.”
Its earnings per share (EPS) expected to touch remained 90.10% for this year while earning per share for the next 5-years is expected to reach at 25.00%. RMNI has a gross margin of 62.60% and an operating margin of 11.80% while its profit margin remained 1.40% for the last 12 months. According to the most recent quarter its current ratio was 0.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.78% from the mean of 20 days, 1.46% from mean of 50 days SMA and performed -5.06% from mean of 200 days price. Company’s performance for the week was -2.62%, 9.07% for month and YTD performance remained 5.41%.

Jasmine Gerber – Market Movers
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