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RigNet, Inc. Common Stock, also called RigNet, is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. Read More It operates through the following segments: Managed Services, Applications & Internet-of-Things, Systems Integration and Corporate. The Managed Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications & Internet-of-Things segment focuses on the applications over-the-top of the Managed Services segment including Supervisory Control and Data Acquisition (SCADA) and Software as a Service (SaaS) offerings including BlackTIE and CyphreLink encryption, weather monitoring primarily in the North Sea (MetOcean), real-time data monitoring and machine-to-machine learning, and certain other value-added services such as Adaptive Video Intelligence (AVI). The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.
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Seeking AlphaMay 11
RigNet, Inc. CEO Steven Pickett on Q1 2019 Results - Earnings Call Transcript
RigNet, Inc. (NASDAQ:RNET) Q1 2019 Earnings Conference Call May 7, 2019 11:00 AM ET Company Participants Lee Ahlstrom - Senior Vice President and Chief Financial Officer Steven Pickett - President and Chief Executive Officer Conference Call Participants Allen Klee - Maxim Group Walter Chancellor - Macquarie Capital Inc. Operator Ladies and gentlemen, welcome to RigNet's First Quarter 2019 Earnings Conference Call. My name is Skyler and I'll be your coordinator for today. At this time, all participan...
The Motley FoolMay 7
RigNet's Results Continue to Show Improvement in Q1
RigNet (NASDAQ:RNET) has struggled in recent years due to the downturn in the offshore drilling market. Industry conditions, however, are starting to improve, thanks to higher oil prices and a reduction in offshore drilling costs. The uptick in that market, as well as the company's efforts to diversify, are starting to boost its financial results, which was evident in the first quarter. RigNet results: The raw numbers Metric Q1 2019 Q1 2018 Year-Over-Year Change Revenue $57.5 million $53.8 million 6.8% Ne...
Yahoo FinanceMay 6
RigNet Announces First Quarter 2019 Earnings Results
HOUSTON, May 06, 2019 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET, the “Company”), the leading provider of intelligent networking solutions and specialized applications, today reported results for the quarter ended March 31, 2019. Increased quarterly revenue 7% compared to the first quarter 2018 to $57.5 million Net loss of $12.0 million or $0.63 per share; compared to first quarter 2018 net loss of $5.6 million or $0.31 per share Increased quarterly Adjusted EBITDA by 13.0% year-over-year to $8.4 m...
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