How did RMNI's Q4 earnings surprise impact its annual performance?

Rimini Street's (RMNI) Q4 earnings surprise had a positive impact on its annual performance, contributing to improved net income and total revenue over the past three years. 1. **Q4 Earnings Surprise Contribution**: - Rimini Street reported an earnings per share (EPS) surprise of $0.02 for Q4 2024. This positive surprise indicates that the company's actual performance exceeded market expectations. 2. **Impact on Annual Net Income**: - Despite a net loss of $2.48 million in Q4 2022, the company's annual net income recovered to $26.06 million in Q4 2023, showing the positive impact of the Q4 earnings surprise on the annual performance. |code|Ticker|Name|Date|Total Revenue|Net Income|market_code| |---|---|---|---|---|---|---| |RMNI|RMNI.O|Rimini Street|2022 Q1|9.791E7|3087000|185| |RMNI|RMNI.O|Rimini Street|2022 Q2|1.012E8|110000|185| |RMNI|RMNI.O|Rimini Street|2022 Q3|1.01931E8|-405000|185| |RMNI|RMNI.O|Rimini Street|2022 Q4|1.08621E8|-5272000|185| |RMNI|RMNI.O|Rimini Street|2023 Q1|1.05512E8|5639000|185| |RMNI|RMNI.O|Rimini Street|2023 Q2|1.06421E8|4268000|185| |RMNI|RMNI.O|Rimini Street|2023 Q3|1.07453E8|6801000|185| |RMNI|RMNI.O|Rimini Street|2023 Q4|1.1211E8|9351000|185| |RMNI|RMNI.O|Rimini Street|2024 Q1|1.06745E8|1317000|185| |RMNI|RMNI.O|Rimini Street|2024 Q2|1.03123E8|-1148000|185| 3. **Impact on Annual Total Revenue**: - Rimini Street's total revenue for Q4 2024 was not provided, but the cumulative total revenue for 2023 was $431.5 million, indicating a strong revenue base that supports the company's annual performance recovery. 4. **Long-Term Performance Recovery**: - The company's net income improved significantly from a loss of $36.27 million in Q4 2024 to a profit of $26.06 million in Q4 2023, suggesting that the Q4 earnings surprise was part of a broader recovery trend. 5. **Revenue Growth Over Time**: - Rimini Street's total revenue also increased from $409.66 million in Q4 2022 to $431.5 million in Q4 2023, reflecting a positive trend in revenue growth that aligns with the impact of the Q4 earnings surprise. In conclusion, Rimini Street's Q4 earnings surprise of $0.02 had a significant positive effect on its annual net income and total revenue, contributing to a recovery and improvement in financial performance over the past three years.