Core Insights - Rimini Street, Inc. is identified as an undervalued technology penny stock with significant potential for investment [1] - The company has made strides in partnerships with SP Electricity North West and Tidewater, enhancing its service offerings and market position [2][3] Group 1: Partnership Developments - SP Electricity North West has resolved SAP system challenges by switching to Rimini Support, resulting in substantial cost savings and improved system reliability [2] - The partnership with Tidewater has expanded to include comprehensive ERP solutions, supporting Tidewater's growth in energy exploration and production [3][4] Group 2: Financial Performance and Analyst Insights - TD Cowen analyst Derrick Wood has reaffirmed a Hold rating on Rimini Street with a price target of $5, noting a mix of positives and challenges in the company's outlook [5] - The company's long-term guidance appears strong, with FY26 revenue and margin projections exceeding prior estimates, although near-term Q4 expectations have fallen short [5] Group 3: Company Overview - Rimini Street, Inc. specializes in enterprise software support and managed services for critical applications, including Oracle and SAP [6]

Company Overview - Rimini Street is a global provider of end-to-end enterprise software support, products, and services, founded in 2005 [16] - The company has over 5,900 signed clients, including 180+ Fortune 500 and Global 100 companies [16] - Rimini Street supports clients in 150+ countries with operations in 21 countries [16] - The average client satisfaction rating on support cases is 4.9 out of 5.0 [16, 28] Financial Performance - Rimini Street's revenue in Q1 2025 was $104.2 million [18, 69] - The annualized subscription revenue was $396 million in Q1 2025 [65] - The gross margin for Q1 2025 was 61.0% [67, 69] - The gross revenue retention rate for Q1 2025 was 88% [63] - As of December 31, 2024, the company had a U S net operating loss carryforward of $135 million [70] Market Opportunity and Solutions - Rimini Street estimates a total serviceable addressable market (SAM) of $33.7 billion for its current offerings [24] - The company sees a $1.1 billion cross-sale opportunity to existing support clients [24] - Rimini Street addresses a $65 billion incremental support opportunity with custom solutions [30] - The company offers support for custom code and global tax, legal, and regulatory support for more than 150 countries [35]