RigNet, Inc. (RNET) [Rocket]

Overview

RigNet, Inc. (RNET)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/14/2022	SC 13G/A	ArrowMark Colorado Holdings LLC reports a 0% stake in RigNet, Inc.
06/10/2021	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
05/10/2021	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]:
05/04/2021	4	Form 4 - Statement of changes in beneficial ownership of securities:
05/04/2021	4	Mulloy Kevin C. (Director) has filed a Form 4 on RigNet, Inc.
05/04/2021	4	OHARA KEVIN J (Director) has filed a Form 4 on RigNet, Inc.
05/04/2021	4	Ahlstrom Lee Michael (Senior Vice President & CFO) has filed a Form 4 on RigNet, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
Revenues	207.9	242.9	238.9	204.9	220.6	271.3	330.2	220.7
Revenue growth	-14.4%	1.7%	16.6%	-7.1%	-18.7%	-17.8%	49.6%	36.5%
Cost of goods sold	134.2	152.3	149.8	130.8	129.8	163.2	188.2	118.9
Gross profit	73.7	90.7	89.0	74.1	90.9	108.0	142.0	101.8
Gross margin	35.5%	37.3%	37.3%	36.2%	41.2%	39.8%	43.0%	46.1%
Sales and marketing	9.6	12.2	12.8	8.3	7.2	9.4	9.3	5.8
General and administrative	43.8	53.6	53.2	44.8	53.5	63.2	66.4	46.7
EBITA	4.8	5.2	-6.6	-10.3	-3.2	-11.3	34.1	28.2
EBITA margin	2.3%	2.1%	-2.8%	-5.0%	-1.5%	-4.1%	10.3%	12.8%
Amortization of intangibles	7.0	9.0
EBIT	-2.2	-3.8	-6.6	-10.3	-3.2	-11.3	34.1	28.2
EBIT margin	-1.1%	-1.6%	-2.8%	-5.0%	-1.5%	-4.1%	10.3%	12.8%
Pre-tax income	-39.0	-8.0	-65.1	-12.7	-5.5	-14.3	31.4	25.7
Income taxes	6.6	10.7	-2.7	3.5	5.8	2.4	15.4	9.2
Tax rate			4.2%				49.1%	35.6%
Net income	-45.5	-18.8	-62.3	-16.2	-11.3	-16.7	16.0	16.5
Net margin	-21.9%	-7.7%	-26.1%	-7.9%	-5.1%	-6.1%	4.8%	7.5%

Diluted EPS	($2.21)	($0.95)	($3.33)	($0.90)	($0.64)	($0.95)	$0.89	$0.94
Shares outstanding (diluted)	20.6	19.8	18.7	18.0	17.8	17.5	17.9	17.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.