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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 209M | 1.5% |
| Gross Profit | 64M | 4.3% |
| Cost of Revenue | 93M | 8.6% |
| Operating expense | 113M | 83.3% |
| Net Income | -43M | 3654.4% |
| EBITDA | -49M | 2875.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 344M | 6.4% |
| Total Liabilities | 421M | 4.2% |
| Shares Outstanding | 91M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -19M | 395.9% |
| Cash from investing | -670,000 | 21.7% |
| Cash from financing | -1M | 136.1% |
EPS
Financial Highlights for Rimini Street in Q3 '24
Rimini Street reported a revenue of 209M, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 64M, marking a 4.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 93M, a -8.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 113M, showing a 83.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -43M, showing a -3654.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -49M, showing a -2875.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Rimini Street faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
