2020 Q1 Form 10-Q Financial Statement

#000163528220000032 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $78.03M $65.87M
YoY Change 18.46% 12.63%
Cost Of Revenue $30.20M $23.84M
YoY Change 26.69% 1.26%
Gross Profit $47.83M $42.04M
YoY Change 13.79% 20.29%
Gross Profit Margin 61.3% 63.81%
Selling, General & Admin $40.41M $36.94M
YoY Change 9.39% 19.21%
% of Gross Profit 84.49% 87.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $449.0K $494.0K
YoY Change -9.11% 2.07%
% of Gross Profit 0.94% 1.18%
Operating Expenses $44.09M $30.85M
YoY Change 42.91% 179.88%
Operating Profit $3.747M $11.19M
YoY Change -66.51% -53.23%
Interest Expense $13.00K $232.0K
YoY Change -94.4% -101.09%
% of Operating Profit 0.35% 2.07%
Other Income/Expense, Net -$218.0K $43.00K
YoY Change -606.98% -86.93%
Pretax Income $3.516M $11.00M
YoY Change -68.03% 303.48%
Income Tax $971.0K $705.0K
% Of Pretax Income 27.62% 6.41%
Net Earnings $2.545M $10.29M
YoY Change -75.28% 365.79%
Net Earnings / Revenue 3.26% 15.63%
Basic Earnings Per Share -$0.06 $0.07
Diluted Earnings Per Share -$0.06 $0.06
COMMON SHARES
Basic Shares Outstanding 67.86M shares 64.62M shares
Diluted Shares Outstanding 67.86M shares 69.10M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.60M $32.30M
YoY Change 78.33% 46.15%
Cash & Equivalents $57.63M $32.26M
Short-Term Investments
Other Short-Term Assets $27.20M $9.200M
YoY Change 195.65% -77.4%
Inventory
Prepaid Expenses $15.10M $8.842M
Receivables $75.24M $63.64M
Other Receivables $0.00 $12.99M
Total Short-Term Assets $160.1M $118.2M
YoY Change 35.47% -11.68%
LONG-TERM ASSETS
Property, Plant & Equipment $3.566M $3.673M
YoY Change -2.91% -10.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.40M $2.300M
YoY Change 743.48% -68.49%
Total Long-Term Assets $41.26M $6.013M
YoY Change 586.1% -47.07%
TOTAL ASSETS
Total Short-Term Assets $160.1M $118.2M
Total Long-Term Assets $41.26M $6.013M
Total Assets $201.3M $124.2M
YoY Change 62.13% -14.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.194M $2.921M
YoY Change 112.05% -62.49%
Accrued Expenses $19.12M $25.09M
YoY Change -23.79% -43.74%
Deferred Revenue $195.8M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $1.222M
YoY Change -83.63% -96.65%
Total Short-Term Liabilities $249.1M $228.7M
YoY Change 8.89% -8.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $874.0K $31.20M
YoY Change -97.2% -28.28%
Total Long-Term Liabilities $874.0K $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $249.1M $228.7M
Total Long-Term Liabilities $874.0K $0.00
Total Liabilities $293.0M $260.0M
YoY Change 12.69% -25.92%
SHAREHOLDERS EQUITY
Retained Earnings -$312.1M -$360.5M
YoY Change -13.43% 19.82%
Common Stock $7.000K $7.000K
YoY Change 0.0% 16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$226.4M -$218.0M
YoY Change
Total Liabilities & Shareholders Equity $201.3M $124.2M
YoY Change 62.13% -14.45%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $2.545M $10.29M
YoY Change -75.28% 365.79%
Depreciation, Depletion And Amortization $449.0K $494.0K
YoY Change -9.11% 2.07%
Cash From Operating Activities $26.34M $6.560M
YoY Change 301.46% -64.89%
INVESTING ACTIVITIES
Capital Expenditures -$520.0K -$380.0K
YoY Change 36.84% 18.75%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$520.0K -$380.0K
YoY Change 36.84% 18.75%
FINANCING ACTIVITIES
Cash Dividend Paid $3.931M
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.683M $1.233M
YoY Change -398.7% -131.33%
NET CHANGE
Cash From Operating Activities $26.34M $6.560M
Cash From Investing Activities -520.0K -380.0K
Cash From Financing Activities -$3.683M $1.233M
Net Change In Cash $19.58M $7.493M
YoY Change 161.27% -48.19%
FREE CASH FLOW
Cash From Operating Activities $26.34M $6.560M
Capital Expenditures -$520.0K -$380.0K
Free Cash Flow $26.86M $6.940M
YoY Change 286.97% -63.48%

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PaymentsOfStockIssuanceCosts
294000 USD
CY2020Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3931000 USD
CY2019Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3566000 USD
CY2020Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
56000 USD
CY2019Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
197000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
304000 USD
CY2019Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
782000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3683000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1233000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2552000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19577000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7493000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38388000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25206000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57965000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32699000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
16000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
95000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
897000 USD
CY2019Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
647000 USD
CY2019Q1 rmni Stock Issued Noncash Transactions
StockIssuedNoncashTransactions
134000 shares
CY2020Q1 rmni Temporary Equity Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
TemporaryEquityIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
CY2019Q1 rmni Temporary Equity Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
TemporaryEquityIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
390000 USD
CY2020Q1 rmni Accrued Cash Dividends Paid
AccruedCashDividendsPaid
3910000 USD
CY2019Q1 rmni Accrued Cash Dividends Paid
AccruedCashDividendsPaid
3593000 USD
CY2020Q1 rmni Accrued Paidinkind Dividends Paid
AccruedPaidinkindDividendsPaid
1173000 USD
CY2019Q1 rmni Accrued Paidinkind Dividends Paid
AccruedPaidinkindDividendsPaid
1078000 USD
CY2020Q1 rmni Accretion Of Original Issue Discount And Transaction Costs
AccretionOfOriginalIssueDiscountAndTransactionCosts
1547000 USD
CY2019Q1 rmni Accretion Of Original Issue Discount And Transaction Costs
AccretionOfOriginalIssueDiscountAndTransactionCosts
1359000 USD
CY2020Q1 rmni Temporary Equity Issued For Paidin Kind Dividends
TemporaryEquityIssuedForPaidinKindDividends
1070000 USD
CY2019Q1 rmni Temporary Equity Issued For Paidin Kind Dividends
TemporaryEquityIssuedForPaidinKindDividends
1062000 USD
CY2020Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2019Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
206000 USD
CY2020Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
65188000 USD
CY2020Q1 rmni Working Capital Deficit
WorkingCapitalDeficit
89000000.0 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
2500000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58000000.0 USD
CY2020Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
195800000 USD
CY2020Q1 rmni Cost Of Goods And Services Sold As Percentage Of Revenue
CostOfGoodsAndServicesSoldAsPercentageOfRevenue
0.39
CY2018Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
133000000.0 USD
CY2018Q3 rmni Cash Dividends Payable Percentage
CashDividendsPayablePercentage
0.100
CY2018Q3 rmni Temporary Equity Initial Dividend Period
TemporaryEquityInitialDividendPeriod
P5Y
CY2018Q3 rmni Cash Dividends Payable After Five Year Period Percentage
CashDividendsPayableAfterFiveYearPeriodPercentage
0.130
CY2020Q1 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
6200000 USD
CY2020Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Use of Estimates</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires the Company to make judgments, assumptions, and estimates that affect the amounts reported in its consolidated financial statements and accompanying notes. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes are reasonable under the circumstances, to determine the carrying values of assets and liabilities that are not readily apparent from other sources. The Company’s significant accounting estimates include, but are not necessarily limited to, accounts receivable, valuation assumptions for stock options, deferred income taxes and the related valuation allowances, and the evaluation and measurement of contingencies. To the extent there are material differences between the Company’s estimates and actual results, the Company’s future consolidated results of operation may be affected.</span></div>
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
28049000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
27080000 USD
CY2020Q1 rmni Capitalized Commissions
CapitalizedCommissions
3753000 USD
CY2019Q1 rmni Capitalized Commissions
CapitalizedCommissions
2418000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3330000 USD
CY2019Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2997000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
28472000 USD
CY2019Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
26501000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
235498000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
196706000 USD
CY2019Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
65738000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
78032000 USD
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
65873000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
222654000 USD
CY2019Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
196571000 USD
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
195800000 USD
CY2020Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
26900000 USD
CY2020Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2626000 USD
CY2019Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
5752000 USD
CY2020Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4380000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4367000 USD
CY2020Q1 rmni Dividends Temporary Equity Current
DividendsTemporaryEquityCurrent
3874000 USD
CY2019Q4 rmni Dividends Temporary Equity Current
DividendsTemporaryEquityCurrent
3889000 USD
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
204000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
222000 USD
CY2020Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
688000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1091000 USD
CY2020Q1 rmni Accrued Insurance Costs Current
AccruedInsuranceCostsCurrent
5309000 USD
CY2019Q4 rmni Accrued Insurance Costs Current
AccruedInsuranceCostsCurrent
4388000 USD
CY2020Q1 rmni Other Accrued Expenses Current
OtherAccruedExpensesCurrent
2042000 USD
CY2019Q4 rmni Other Accrued Expenses Current
OtherAccruedExpensesCurrent
3638000 USD
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
19123000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23347000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
0 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
128000 USD
CY2020Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
3900000 USD
CY2020Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
13000 USD
CY2019Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
104000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
13000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
232000 USD
CY2018Q3 us-gaap Preferred Stock Discount On Shares
PreferredStockDiscountOnShares
7000000.0 USD
CY2018Q3 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
1000
CY2018Q3 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
140000000.0 USD
CY2018Q3 rmni Line Of Credit Unpaid Transaction Costs
LineOfCreditUnpaidTransactionCosts
2700000 USD
CY2018Q3 us-gaap Professional Fees
ProfessionalFees
200000 USD
CY2019Q1 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
6500000 USD
CY2019Q2 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
3500000 USD
CY2020Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
180000 shares
CY2020Q1 rmni Temporary Equity Contract Terms Accretion Of Dividends Number Of Years Effective
TemporaryEquityContractTermsAccretionOfDividendsNumberOfYearsEffective
5 effective_year
CY2020Q1 rmni Dividends Payable Noncurrent
DividendsPayableNoncurrent
1200000 USD
CY2020Q1 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
10.00
CY2020Q1 rmni Temporary Equity Liquidation Preference Shares
TemporaryEquityLiquidationPreferenceShares
15600000 shares
CY2020Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
156401 shares
CY2020Q1 rmni Temporary Equity Shares Issued Upon Conversion Per Share
TemporaryEquitySharesIssuedUponConversionPerShare
1 shares
CY2020Q1 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
10.00
CY2020Q1 rmni Equity Instrument Convertible Threshold Trading Days
EquityInstrumentConvertibleThresholdTradingDays
30 day
CY2020Q1 rmni Temporary Equity Conversion Terms Threshold Consecutive Trading Days
TemporaryEquityConversionTermsThresholdConsecutiveTradingDays
P45D
CY2020Q1 rmni Temporary Equity Conversion Terms Threshold Stock Price Minimum
TemporaryEquityConversionTermsThresholdStockPriceMinimum
11.50
CY2020Q1 rmni Temporary Equity Conversion Terms Consecutive Trading Days Prior To Conversion Date
TemporaryEquityConversionTermsConsecutiveTradingDaysPriorToConversionDate
60 day
CY2020Q1 rmni Temporary Equity Conversion Terms Consecutive Trading Days Prior To Conversion Date
TemporaryEquityConversionTermsConsecutiveTradingDaysPriorToConversionDate
60 day
CY2020Q1 rmni Temporary Equity Redemption Rights Prior To Three Year Anniversary Of Closing Value
TemporaryEquityRedemptionRightsPriorToThreeYearAnniversaryOfClosingValue
80000000.0 USD
CY2020Q1 rmni Temporary Equity Liquidation Preference Per Share In Event Of Liquidation Dissolution Or Winding Up Of Company
TemporaryEquityLiquidationPreferencePerShareInEventOfLiquidationDissolutionOrWindingUpOfCompany
1000
CY2020Q1 rmni Temporary Equity Contract Terms Outstanding Percentage Indebtedness Restriction
TemporaryEquityContractTermsOutstandingPercentageIndebtednessRestriction
0.95
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.85
CY2020Q1 rmni Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Other Than Options Grantsin Period Weighted Average Grant Date Fair Value Amount
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsinPeriodWeightedAverageGrantDateFairValueAmount
400000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
8500000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
61000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8677000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.55
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M24D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
61000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.69
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
93000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.61
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
72000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
5.62
CY2020Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
304000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.00
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8269000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.65
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M24D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
7025000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.37
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y3M18D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
7400000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
7300000 USD
CY2020Q1 rmni Sharebased Compensation Arrangementby Sharebased Payment Award Options Not Expectedto Vestdueto Forfeiture Outstanding Number
SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsNotExpectedtoVestduetoForfeitureOutstandingNumber
100000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2885000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
61000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
75000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
72000 shares
CY2020Q1 rmni Sharebased Compensation Arrangement By Sharebased Payment Award Options And Restricted Stock Units Forfeituresin Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndRestrictedStockUnitsForfeituresinPeriod
148000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
2700000 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5669000 shares
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0130
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
4.69
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1510000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1155000 USD
CY2020Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
18100000 shares
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.276
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.064
CY2020Q1 rmni Dividends Payable Next Two Years
DividendsPayableNextTwoYears
20565000 USD
CY2020Q1 rmni Dividends Payable Next Three Years
DividendsPayableNextThreeYears
21189000 USD
CY2020Q1 rmni Dividends Payable Next Four Years
DividendsPayableNextFourYears
21832000 USD
CY2020Q1 rmni Dividends Payable Next Five Years
DividendsPayableNextFiveYears
12292000 USD
CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
75878000 USD
CY2019Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000 USD
CY2020Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
20900000 USD
CY2019Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
22700000 USD
CY2020Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
95000000.0 USD
CY2018Q4 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
2400000 USD
CY2019Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
100000 USD
CY2018Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.130
CY2018Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
200000 USD
CY2018Q4 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
400000 USD
CY2018Q4 us-gaap Debt Instrument Periodic Payment Interest
DebtInstrumentPeriodicPaymentInterest
600000 USD
CY2018Q4 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
200000 USD
CY2018Q4 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
400000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
2700000 USD
CY2019Q1 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1300000 USD
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.264
CY2020Q1 rmni Temporary Equity Conversion Ratio
TemporaryEquityConversionRatio
1
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
2545000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
10294000 USD
CY2020Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3910000 USD
CY2019Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3593000 USD
CY2020Q1 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
1173000 USD
CY2019Q1 us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
1078000 USD
CY2020Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1547000 USD
CY2019Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1359000 USD
CY2020Q1 rmni Net Income Loss Attributable To Parent Net Of Dividends Declared And Accretion
NetIncomeLossAttributableToParentNetOfDividendsDeclaredAndAccretion
-4085000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4085000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3488000 USD
CY2019Q1 rmni Net Income Loss Attributable To Parent Net Of Dividends Declared And Accretion
NetIncomeLossAttributableToParentNetOfDividendsDeclaredAndAccretion
4264000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
776000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67863000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64622000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
15639000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
14370000 shares
CY2020Q1 rmni Weighted Average Number Of Shares Outstanding Basic After Contingently Issuable Shares
WeightedAverageNumberOfSharesOutstandingBasicAfterContingentlyIssuableShares
83502000 shares
CY2019Q1 rmni Weighted Average Number Of Shares Outstanding Basic After Contingently Issuable Shares
WeightedAverageNumberOfSharesOutstandingBasicAfterContingentlyIssuableShares
78992000 shares
CY2020Q1 rmni Temporary Equity Shares Allocable Percent Of Shares If Temporary Equity Converted
TemporaryEquitySharesAllocablePercentOfSharesIfTemporaryEquityConverted
0.187
CY2019Q1 rmni Temporary Equity Shares Allocable Percent Of Shares If Temporary Equity Converted
TemporaryEquitySharesAllocablePercentOfSharesIfTemporaryEquityConverted
0.182
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67863000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64622000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67863000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69101000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
44740000 shares
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
78032000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65873000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1499000 USD
CY2020Q1 rmni Other Lease Cost
OtherLeaseCost
318000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
1817000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18267000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4060000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15018000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19078000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.110
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
5909000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
5439000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
3822000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
2753000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
2604000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
4430000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24957000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5879000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19078000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1500000 USD

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