RigNet, Inc. provides remote communications services for the oil and gas industry in North America and internationally. The Company offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. It offers a communications package of voice, video, networking, and real-time data management to offshore and land-based remote locations. RigNet primarily provides voice-over-Internet-protocol, data, and high-speed Internet access and other value-added services, such as real-time data management solutions, WiFi hotspots and Internet kiosks, video conferencing solutions, wireless intercoms, handheld radios, and telemedicine. The Company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data.

Type
Public
HQ
Houston, US
Founded
2001
Size (employees)
508 (est)
Website
rig.net
RigNet was founded in 2001 and is headquartered in Houston, US
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RigNet Office Locations

RigNet has an office in Houston, Midland, Monterrey, Lafayette and in 9 other locations
Houston, US (HQ)
15115 Park Row Ste 300
Scott, US
1710 W Willow St
Perth, AU
Level 14 Grosvenor Place 197 St Georges Terrace
Macaé, BR
1764 Av. Atlântica
Lagos, NG
1910 Western House Broad St
Stavanger, NO
RigNet AS Maskinveien 24
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RigNet Financials and Metrics

RigNet Financials

RigNet's revenue was reported to be $220.62 m in FY, 2016 which is a 18.7% decrease from the previous period.
USD

Revenue (Q3, 2017)

50.8 m

Gross profit (Q3, 2017)

18.5 m

Gross profit margin (Q3, 2017), %

36.3%

Net income (Q3, 2017)

(4.2 m)

EBIT (Q3, 2017)

(3 m)

Market capitalization (5-Feb-2018)

259.5 m

Cash (3-Feb-2018)

32.9 m

EV

278.1 m
RigNet's current market capitalization is $259.5 m.
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

220.7 m330.2 m271.3 m220.6 m

Revenue growth, %

50%(18%)(19%)

Cost of goods sold

118.9 m188.2 m163.2 m129.8 m

Gross profit

101.8 m142 m108 m90.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

56.9 m75 m80.7 m87.8 m77.7 m75.1 m66.3 m62.3 m54.9 m50.6 m48.1 m49.2 m50.8 m

Cost of goods sold

31.1 m46.5 m45.7 m49.2 m43.9 m39.7 m38.2 m36.3 m33.3 m29.9 m29.9 m33 m32.4 m

Gross profit

25.7 m28.5 m35 m38.6 m33.7 m35.4 m28.1 m26.1 m21.6 m20.8 m18.2 m16.1 m18.5 m

Gross profit Margin, %

45%38%43%44%43%47%42%42%39%41%38%33%36%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

11.4 m50.4 m53.1 m59.7 m59.8 m66.6 m60.5 m57.2 m

Accounts Receivable

45.4 m74.6 m62.1 m48.7 m

Inventories

14.2 m21.3 m7.1 m10.4 m

Current Assets

120 m163.7 m137 m118.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

49.6 m66.7 m61 m61.1 m60.8 m61.5 m64.8 m52 m59.5 m57.2 m55.2 m42.7 m32.9 m

Accounts Receivable

47.2 m65.1 m83 m83.8 m69.1 m71.1 m65.8 m66.7 m51.2 m54.4 m46.9 m47 m49.2 m

Inventories

6.7 m

Current Assets

109.9 m146.4 m157.3 m162.5 m154 m159.1 m156.7 m131.5 m122.9 m125.9 m115.7 m102.4 m90.7 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16.5 m16 m(16.7 m)(11.3 m)

Depreciation and Amortization

21 m29.5 m32.5 m33.6 m

Accounts Payable

1.4 m(7.6 m)(4.9 m)129 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Net Income

2.4 m2.3 m5.7 m5.9 m(942 k)6.1 m(10.9 m)(1.3 m)(4.9 m)(1.4 m)(2 m)(4.2 m)

Depreciation and Amortization

5.5 m6.8 m7.3 m7.5 m8.1 m8.2 m8.1 m8.2 m9 m8.3 m7.3 m

Inventories

6.7 m

Accounts Payable

16.4 m17.1 m7.3 m12.8 m10.6 m7.9 m6.2 m7.2 m10.8 m12.2 m
USDY, 2017

EV/EBIT

-94.2 x

Revenue/Employee

100.1 k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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