established in 2005, rimini street is the leading independent provider of enterprise software support for for oracle and sap enterprise software and is opening a huge market with tens of thousands of qualified target prospects. rimini street replaces annual support from oracle and sap with an award-winning support program priced at 50% of the current annual support fees. the company is widely recognized by clients, leading industry analysts (including gartner, forrester, nucleus), and financial analysts as the leader in a large, fast growing market with tremendous upside and an extremely strong value proposition that resonates with cios and cfo’s. with tight it budgets and flat global economic growth, it and procurement professionals are actively looking for proven methods to cut costs while improving service. accelerating company growth •pre-ipo company •nearly 1,000 clients signed industry recognition •named to cio uk’s “20 companies to watch in 2012” annual hotlist of tech
Company profile
Ticker
RMNI
Exchange
Website
CEO
Seth A. Ravin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GP Investments Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
RSI International Holdings, Inc. • RSI International Holdings, LLC • Rimini Street Australia Pty Limited • Rimini Street GmbH • Rimini Street (HK) Ltd. • Rimini Street Ltd. • Rimini Street AB • Rimini Street Israel, Ltd. • Rimini Street Brazil Serviços de Tecnologia Ltda. • Rimini Street India Operations ...
RMNI stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
8 Apr 24
8-K
Regulation FD Disclosure
28 Feb 24
S-8
Registration of securities for employees
28 Feb 24
8-K
Rimini Street Announces Fiscal Fourth Quarter and Annual 2023 Financial and Operating Results
28 Feb 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Regulation FD Disclosure
22 Feb 24
8-K
Departure of Directors or Certain Officers
19 Jan 24
8-K
Regulation FD Disclosure
8 Dec 23
8-K
Regulation FD Disclosure
28 Nov 23
8-K
Regulation FD Disclosure
7 Nov 23
Transcripts
RMNI
Earnings call transcript
2023 Q4
28 Feb 24
RMNI
Earnings call transcript
2023 Q3
1 Nov 23
RMNI
Earnings call transcript
2023 Q2
2 Aug 23
RMNI
Earnings call transcript
2023 Q1
3 May 23
RMNI
Earnings call transcript
2022 Q4
1 Mar 23
RMNI
Earnings call transcript
2022 Q3
3 Nov 22
RMNI
Earnings call transcript
2022 Q2
7 Aug 22
RMNI
Earnings call transcript
2022 Q1
8 May 22
RMNI
Earnings call transcript
2021 Q4
3 Mar 22
RMNI
Earnings call transcript
2021 Q3
4 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 108.66 mm | 108.66 mm | 108.66 mm | 108.66 mm | 108.66 mm | 108.66 mm |
Cash burn (monthly) | 5.10 mm | 861.08 k | (no burn) | (no burn) | 2.71 mm | (no burn) |
Cash used (since last report) | 34.62 mm | 5.84 mm | n/a | n/a | 18.40 mm | n/a |
Cash remaining | 74.04 mm | 102.82 mm | n/a | n/a | 90.26 mm | n/a |
Runway (months of cash) | 14.5 | 119.4 | n/a | n/a | 33.3 | n/a |
Institutional ownership, Q3 2023
70.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 101 |
Opened positions | 14 |
Closed positions | 28 |
Increased positions | 38 |
Reduced positions | 28 |
13F shares | Current |
---|---|
Total value | 123.21 bn |
Total shares | 63.56 mm |
Total puts | 12.20 k |
Total calls | 3.20 k |
Total put/call ratio | 3.8 |
Largest owners | Shares | Value |
---|---|---|
Adams Street Partners | 23.57 mm | $51.84 bn |
127 Capital | 5.51 mm | $13.17 mm |
Conifer Management, L.L.C. | 4.92 mm | $10.82 bn |
Vanguard | 4.53 mm | $9.98 bn |
BLK Blackrock | 3.54 mm | $7.79 bn |
Brooktree Capital Management | 2.82 mm | $6.20 bn |
Diamond Hill Capital Management | 2.37 mm | $5.21 bn |
Union Square Park Capital Management | 1.39 mm | $3.06 bn |
Acadian Asset Management | 1.36 mm | $2.99 mm |
Pacific Ridge Capital Partners | 1.21 mm | $2.66 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Apr 24 | Maddock Kevin | Common Stock | Sell | Dispose S | No | No | 2.977 | 8,210 | 24.44 k | 107,231 |
8 Apr 24 | Michael L. Perica | Common Stock | Sell | Dispose S | No | No | 2.977 | 30,588 | 91.06 k | 141,517 |
8 Apr 24 | Nancy Lyskawa | Common Stock | Sell | Dispose S | No | No | 2.977 | 8,772 | 26.11 k | 123,531 |
8 Apr 24 | Ravin Seth A. | Common Stock | Sell | Dispose S | No | No | 2.977 | 82,071 | 244.33 k | 425,955 |
8 Apr 24 | Rowe David W. | Common Stock | Sell | Dispose S | No | No | 2.977 | 10,888 | 32.41 k | 385,941 |
Press releases
Rimini Street Appoints Martyn Hoogakker as GVP & General Manager for EMEA Region
10 Apr 24
Rimini Street to Report First Quarter 2024 Financial Results on May 2, 2024
3 Apr 24
New Oracle Database Survey Shows Customers Satisfied with Current Releases but Concerned with Cost, Effort, and Upgrades Required to Maintain and Support
21 Mar 24
Rimini Street Announces Fiscal Fourth Quarter and Annual 2023 Financial and Operating Results
28 Feb 24
Rimini Street Korea Ranked 8th in Nation by Best Workplaces™ Korea and Awarded Best Workplaces™ for Parents and Most Respected CEO
22 Feb 24