Rimini street, inc. (RMNI)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
ASSETS
Current assets:
Cash and cash equivalents

57,632

37,952

41,725

49,847

32,264

24,771

23,488

24,853

22,116

21,950

6,862

1

1

9,385

2

132

871

12,457

1,045

1,110

98

Restricted cash

333

436

436

436

435

435

434

10,634

32,374

18,077

8,727

-

-

18,852

-

-

-

102

-

-

-

Accounts receivable, net of allowance of $1,280 and $1,608, respectively

75,242

111,574

61,829

71,423

63,642

80,599

42,546

63,416

71,024

63,525

33,711

-

-

55,324

-

-

-

39,978

-

-

-

Deferred contract costs, current

11,779

11,754

-

-

-

11,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivable

-

-

-

-

12,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

15,096

15,205

11,198

11,470

8,842

7,657

9,124

8,706

8,264

8,560

7,650

241

256

5,748

233

263

83

5,077

15

21

-

Total current assets

160,082

176,921

115,188

133,176

118,170

124,694

75,592

107,609

133,778

112,112

56,950

242

257

89,309

236

396

955

57,614

1,060

1,131

371

Cash and marketable securities held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

157,897

173,227

-

172,972

172,916

172,842

-

172,564

172,535

-

Long-term assets:
Property and equipment, net of accumulated depreciation and amortization of $10,138 and $9,847, respectively

3,566

3,667

3,605

3,793

3,673

3,634

3,632

3,899

4,130

4,255

4,244

-

-

4,559

-

-

-

4,133

-

-

-

Operating lease right-of-use assets

18,267

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred contract costs, noncurrent

16,693

16,295

-

-

-

15,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred debt issuance costs, net

-

-

-

-

-

-

0

2,834

3,177

3,520

3,313

-

-

3,950

-

-

-

0

-

-

-

Deferred offering costs

-

-

-

-

-

-

0

2,831

-

-

-

-

-

-

-

-

-

-

-

-

273

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

3,957

-

-

-

-

-

-

-

-

-

-

Deposits and other

1,622

3,089

1,632

1,769

1,406

1,438

1,338

1,387

3,347

1,565

972

-

-

965

-

-

-

919

-

-

-

Deferred income taxes, net

1,107

1,248

907

987

934

909

-

-

-

719

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

-

-

-

-

921

940

729

-

640

-

-

595

-

-

-

75

-

-

-

Total assets

201,337

201,220

121,332

139,725

124,183

146,523

81,483

119,500

145,161

122,171

70,076

158,140

173,485

99,378

173,208

173,312

173,798

62,741

173,625

173,667

-

LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Current maturities of long-term debt

-

-

0

0

1,222

2,372

2,735

3,677

36,448

15,500

11,750

-

-

24,750

-

-

-

14,814

-

-

-

Accounts payable

6,194

2,303

2,580

3,509

2,921

12,851

9,574

12,416

7,788

10,137

9,256

-

-

8,839

-

-

-

3,823

-

-

-

Accrued compensation, benefits and commissions

23,905

27,918

22,337

21,860

18,922

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation, benefits and commissions

-

-

-

-

-

22,503

20,483

18,420

17,462

18,154

-

-

-

18,304

-

-

-

-

-

-

-

Other accrued liabilities

19,123

23,347

22,506

21,700

25,094

20,424

23,434

28,509

28,242

32,553

-

-

-

18,346

-

-

-

-

-

-

-

Operating lease liabilities, current

4,060

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, current

195,800

205,771

-

-

-

167,747

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232

Accrued expenses

-

-

-

-

-

-

-

-

-

-

39,253

125

133

-

379

941

1,066

26,152

20

10

8

Deferred insurance settlement

-

-

-

-

-

-

-

0

0

-

13,230

-

-

0

-

-

-

-

-

-

-

Liability for embedded derivatives

-

-

-

-

-

-

-

7,800

1,100

-

9,800

-

-

5,400

-

-

-

0

-

-

-

Advances from related party

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Deferred revenue

-

-

167,000

190,900

180,580

-

143,578

167,879

160,028

152,390

125,882

-

-

137,293

-

-

-

91,145

-

-

-

Accrued litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121,411

-

-

-

Total current liabilities

249,082

259,339

214,447

237,983

228,739

225,897

199,804

238,701

251,068

228,734

209,171

125

133

212,932

-

-

-

257,345

-

-

-

Deferred underwriting fees

-

-

-

-

-

-

-

-

-

-

-

6,037

6,037

-

6,037

6,037

6,037

-

6,037

6,037

-

Promissory note - related party

-

-

-

-

-

-

-

-

-

-

-

2,980

2,682

-

1,192

388

-

-

-

-

-

Long-term liabilities:
Deferred revenue, noncurrent

26,900

29,727

-

-

-

28,959

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, noncurrent

15,018

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current maturities

-

-

-

-

-

-

0

72,364

56,391

66,613

68,406

-

-

63,314

-

-

-

0

-

-

-

Deferred revenue

-

-

33,489

28,637

28,148

-

31,018

32,506

35,582

29,182

27,082

-

-

27,538

-

-

-

15,933

-

-

-

Accrued PIK dividends payable

1,153

1,156

1,149

1,115

1,059

1,056

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

874

2,275

-

-

-

2,011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

2,326

2,181

2,038

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued PIK dividends payable

-

-

-

-

-

-

846

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for redeemable warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

7,269

-

-

-

-

-

-

-

Liability for redeemable warrants

-

-

-

-

-

-

-

-

-

-

21,336

-

-

-

-

-

-

0

-

-

-

Other long-term liabilities

-

-

-

-

-

-

1,979

5,825

7,931

7,943

4,129

-

-

1,835

-

-

-

-

-

-

-

Deferred rent and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,782

-

-

-

Advance from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

Promissory note - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

Total liabilities

292,981

292,497

251,411

269,916

259,984

257,923

233,647

349,396

350,972

332,472

330,124

9,143

8,854

312,888

7,609

7,366

7,104

275,060

6,057

6,047

356

Commitments and contingencies (Note 8)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

Authorized 180 shares; issued and outstanding 156 shares and 155 shares as of March 31, 2020 and December 31, 2019, respectively. Liquidation preference of $156,401, net of discount of $22,368 and $155,231, net of discount of $23,915, as of March 31, 2020 and December 31, 2019, respectively.

134,033

131,316

128,638

126,012

120,851

113,998

113,245

-

-

0

-

143,997

159,630

-

160,598

160,946

161,693

-

-

-

-

Ordinary shares subject to possible redemption, 16,250,688 shares at redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

162,567

162,619

-

Stockholders’ deficit:
Preferred stock; $0.0001 par value. Authorized 99,820 shares (excluding 180 shares of Series A Preferred Stock); no other series has been designated

0

0

0

0

0

0

0

0

0

0

19,542

0

0

0

0

0

0

9,635

0

0

0

Convertible Class A common stock, Value

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

0

-

-

-

Convertible Class B common stock, Value

-

-

-

-

-

-

-

-

-

-

103

-

-

-

-

-

-

101

-

-

-

Common stock; $0.0001 par value. Authorized 1,000,000 shares; issued and outstanding 68,032 and 67,503 shares as of March 31, 2020 and December 31, 2019, respectively

7

7

7

7

7

6

6

6

6

6

0

0

0

2

0

0

0

0

0

0

0

Additional paid-in capital

88,668

93,484

97,896

101,887

105,455

108,347

110,895

97,663

95,987

94,967

21,676

8,020

7,995

19,102

7,027

6,680

5,932

16,664

5,058

5,006

24

Accumulated other comprehensive loss

-2,242

-1,429

-1,898

-1,636

-1,566

-1,567

-1,596

-1,219

-904

-867

-886

-

-

-1,046

-

-

-

-546

-

-

-

Accumulated deficit

-312,110

-314,655

-354,722

-356,461

-360,548

-332,184

-374,714

-326,346

-300,900

-304,407

-300,484

-3,021

-2,996

-251,110

-2,027

-1,680

-933

-238,173

-59

-7

-9

Total stockholders' deficit

-225,677

-222,593

-258,717

-256,203

-256,652

-225,398

-265,409

-229,896

-205,811

-210,301

-260,048

5,000

5,000

-213,510

5,000

5,000

5,000

-212,319

5,000

5,000

15

Total liabilities, redeemable preferred stock and stockholders' deficit

201,337

201,220

121,332

139,725

124,183

146,523

81,483

119,500

145,161

122,171

70,076

158,140

173,485

99,378

173,208

173,312

173,798

62,741

173,625

173,667

371

Allowance for Doubtful Accounts Receivable, Current

1,280

1,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-