2023 Q2 Form 10-Q Financial Statement

#000163528223000137 Filed on May 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $106.4M $105.5M
YoY Change 5.16% 7.76%
Cost Of Revenue $39.35M $39.34M
YoY Change 5.37% 5.74%
Gross Profit $67.07M $66.17M
YoY Change 5.04% 9.0%
Gross Profit Margin 63.03% 62.71%
Selling, General & Admin $56.15M $52.71M
YoY Change 1.96% 2.04%
% of Gross Profit 83.71% 79.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $636.0K $613.0K
YoY Change -1.4% 6.24%
% of Gross Profit 0.95% 0.93%
Operating Expenses $56.15M $55.48M
YoY Change -3.47% 1.32%
Operating Profit $10.92M $10.69M
YoY Change 92.05% 79.82%
Interest Expense -$1.687M -$1.339M
YoY Change -29.68% 228.09%
% of Operating Profit -15.44% -12.53%
Other Income/Expense, Net $580.0K $528.0K
YoY Change -136.78% 152.63%
Pretax Income $9.188M $9.874M
YoY Change 195.24% 84.8%
Income Tax $4.920M $4.235M
% Of Pretax Income 53.55% 42.89%
Net Earnings $4.268M $5.639M
YoY Change 3780.0% 82.67%
Net Earnings / Revenue 4.01% 5.34%
Basic Earnings Per Share $0.05 $0.06
Diluted Earnings Per Share $0.05 $0.06
COMMON SHARES
Basic Shares Outstanding 88.91M shares 88.81M shares
Diluted Shares Outstanding 89.27M shares 89.06M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $140.7M $135.0M
YoY Change -12.2% -14.61%
Cash & Equivalents $123.5M $116.2M
Short-Term Investments $17.13M $18.79M
Other Short-Term Assets $39.26M $37.52M
YoY Change 17.28% 12.94%
Inventory
Prepaid Expenses $21.24M $19.91M
Receivables $85.07M $89.32M
Other Receivables $0.00 $0.00
Total Short-Term Assets $265.0M $261.8M
YoY Change -5.79% -7.35%
LONG-TERM ASSETS
Property, Plant & Equipment $14.27M $12.88M
YoY Change -12.93% -24.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $91.59M $93.43M
YoY Change 3.46% 5.9%
Total Long-Term Assets $105.9M $106.3M
YoY Change 0.9% 1.02%
TOTAL ASSETS
Total Short-Term Assets $265.0M $261.8M
Total Long-Term Assets $105.9M $106.3M
Total Assets $370.9M $368.1M
YoY Change -3.98% -5.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.632M $5.956M
YoY Change -20.26% 64.53%
Accrued Expenses $58.08M $58.43M
YoY Change -8.98% -6.94%
Deferred Revenue $259.1M $257.3M
YoY Change 1.45% 3.54%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.258M $5.349M
YoY Change 70.8% 45.99%
Total Short-Term Liabilities $329.2M $329.6M
YoY Change -0.56% 2.99%
LONG-TERM LIABILITIES
Long-Term Debt $67.11M $68.56M
YoY Change -7.92% -12.96%
Other Long-Term Liabilities $36.58M $1.896M
YoY Change 1180.71% -33.52%
Total Long-Term Liabilities $103.7M $70.45M
YoY Change 36.9% -13.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $329.2M $329.6M
Total Long-Term Liabilities $103.7M $70.45M
Total Liabilities $432.9M $438.2M
YoY Change -6.44% -5.78%
SHAREHOLDERS EQUITY
Retained Earnings -$218.4M -$222.6M
YoY Change -1.9% -0.03%
Common Stock $9.000K $9.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.116M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity -$62.06M -$70.12M
YoY Change
Total Liabilities & Shareholders Equity $370.9M $368.1M
YoY Change -3.98% -5.08%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $4.268M $5.639M
YoY Change 3780.0% 82.67%
Depreciation, Depletion And Amortization $636.0K $613.0K
YoY Change -1.4% 6.24%
Cash From Operating Activities $13.11M $8.643M
YoY Change -12.18% -81.15%
INVESTING ACTIVITIES
Capital Expenditures $1.066M $1.029M
YoY Change -186.18% -312.16%
Acquisitions
YoY Change
Other Investing Activities $272.0K $683.0K
YoY Change
Cash From Investing Activities -$794.0K -$346.0K
YoY Change -35.81% -28.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.247M -$1.101M
YoY Change -66.12% -73.13%
NET CHANGE
Cash From Operating Activities 13.11M $8.643M
Cash From Investing Activities -794.0K -$346.0K
Cash From Financing Activities -2.247M -$1.101M
Net Change In Cash 10.06M $7.161M
YoY Change 42.69% -81.39%
FREE CASH FLOW
Cash From Operating Activities $13.11M $8.643M
Capital Expenditures $1.066M $1.029M
Free Cash Flow $12.04M $7.614M
YoY Change -25.5% -83.57%

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CY2023Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2312000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable
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CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
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-14844000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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45849000 usd
CY2023Q1 us-gaap Payments To Acquire Productive Assets
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1029000 usd
CY2022Q1 us-gaap Payments To Acquire Productive Assets
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CY2023Q1 us-gaap Payments To Acquire Investments
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CY2022Q1 us-gaap Payments To Acquire Investments
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CY2023Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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CY2022Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Payments Of Stock Issuance Costs
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CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1125000 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
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CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
47000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
71000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
375000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7161000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38475000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
119990000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116595000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
158465000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1112000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
568000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2794000 usd
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
544000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
168000 usd
CY2023Q1 rmni Working Capital Surplus Deficit
WorkingCapitalSurplusDeficit
67800000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5600000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116600000 usd
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
18800000 usd
CY2023Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
257300000 usd
CY2023Q1 rmni Cost Of Goods And Services Sold As Percentage Of Revenue
CostOfGoodsAndServicesSoldAsPercentageOfRevenue
0.37
CY2021Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
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CY2021Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P5Y
CY2021Q3 rmni Long Term Debt Maturities Repayments Of Principal Percentage In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalPercentageInNextTwelveMonths
0.05
CY2021Q3 rmni Long Term Debt Maturities Repayments Of Principal Percentage In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalPercentageInYearTwo
0.05
CY2021Q3 rmni Long Term Debt Maturities Repayments Of Principal Percentage In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalPercentageInYearThree
0.075
CY2021Q3 rmni Long Term Debt Maturities Repayments Of Principal Percentage In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalPercentageInYearFour
0.075
CY2021Q3 rmni Long Term Debt Maturities Repayments Of Principal Percentage In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalPercentageInYearFive
0.10
CY2023Q1 rmni Lessee Lease Liability Payments Due Next Rolling Twelve Months
LesseeLeaseLiabilityPaymentsDueNextRollingTwelveMonths
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CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="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="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="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 </span></div>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 accounting estimates include, but are not necessarily limited to, valuation of accounts receivable, valuation assumptions for stock options and leases, 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 operations may be affected.
CY2023Q1 rmni Contract With Customer Liability Revenue Recognized Including Current Billings
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentBillings
105512000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
40726000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
36509000 usd
CY2023Q1 rmni Capitalized Commissions
CapitalizedCommissions
3162000 usd
CY2022Q1 rmni Capitalized Commissions
CapitalizedCommissions
6525000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4589000 usd
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4213000 usd
CY2023Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
39299000 usd
CY2022Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38821000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
299921000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300268000 usd
CY2023Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
92972000 usd
CY2022Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
97671000 usd
CY2022Q1 rmni Contract With Customer Liability Revenue Recognized Including Current Billings
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentBillings
97910000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
287381000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300029000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
556100000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
287400000 usd
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
556900000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300000000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
257300000 usd
CY2023Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
6481000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
6878000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4783000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
9184000 usd
CY2023Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
20000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
2526000 usd
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
372000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
333000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2185000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2229000 usd
CY2023Q1 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
6982000 usd
CY2022Q4 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
6979000 usd
CY2023Q1 rmni Other Accrued Expenses Current
OtherAccruedExpensesCurrent
4745000 usd
CY2022Q4 rmni Other Accrued Expenses Current
OtherAccruedExpensesCurrent
4547000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
25568000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
32676000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 usd
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
1339000 usd
CY2022Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
808000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P2Y
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P4Y
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000 usd
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000 usd
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
600000 shares
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3200000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
3500000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
400000 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
7543000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
3541000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
695000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
482000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
82000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
175000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
129000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
10293000 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.55
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0405
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
4.78
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1976000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3051000 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
3400000 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
5.64
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.429
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.422
CY2023Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
800000 usd
CY2022Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
800000 usd
CY2023Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
11700000 usd
CY2022Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
8100000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5639000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
3087000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88690000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87124000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89061000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88485000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11208000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23654000 shares
CY2023Q1 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
20000000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1147000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1403000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
20209000 usd
CY2023Q1 us-gaap Aoci Debt Securities Available For Sale Without Allowance For Credit Loss Cumulative Gain Loss After Tax
AociDebtSecuritiesAvailableForSaleWithoutAllowanceForCreditLossCumulativeGainLossAfterTax
175000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
20384000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
105512000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
97910000 usd
CY2023Q1 rmni Lessee Operating Lease Terms Days Notice Required To Terminate
LesseeOperatingLeaseTermsDaysNoticeRequiredToTerminate
30 day
CY2023Q1 rmni Other Lease Cost
OtherLeaseCost
48000 usd
CY2022Q1 rmni Other Lease Cost
OtherLeaseCost
193000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
1195000 usd
CY2022Q1 us-gaap Lease Cost
LeaseCost
1596000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6325000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7142000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4047000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4223000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8093000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9094000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12140000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
13317000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y29D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.103
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
3831000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
4647000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
3055000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
2445000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
208000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
0 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14186000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2046000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12140000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1100000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 usd

Files In Submission

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exhibit311q12023.htm Edgar Link pending
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rmni-20230331_cal.xml Edgar Link unprocessable
rmni-20230331_lab.xml Edgar Link unprocessable
rmni-20230331_pre.xml Edgar Link unprocessable
rmni-20230331_htm.xml Edgar Link completed