RigNet is a leading global provider of digital technology solutions to the oil and gas industry, focusing on serving offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to more than 1,200 remote sites in over 45 countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. RigNet is a registered trademark of RigNet, Inc.
Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
2001
Size (employees)
508 (est)-6%
Website
rig.net
RigNet was founded in 2001 and is headquartered in Houston, US

RigNet Office Locations

RigNet has offices in Houston, Aberdeenshire, Lagos, Singapore and in 8 other locations
Houston, US (HQ)
300 1880 S Dairy Ashford Rd
Macaé, BR
1764 Av. Atlântica
Scott, US
1710 W Willow St
Stavanger, NO
Rig Net As Maskinveien 24
Perth, AU
Level 14 Grosvenor Place 197 St Georges Terrace
Singapore, SG
8 Kallang Avenue Aperia Tower 1, #06 01/02
Lagos, NG
1910 Western House Broad St
Aberdeenshire, GB
Discovery Drive Arnhall Business Park, Westhill

RigNet Data and Metrics

RigNet Financial Metrics

RigNet's revenue was reported to be $220.6 m in FY, 2016 which is a 19% decrease from the previous period.
USD

Revenue (FY, 2016)

220.6 m

Revenue growth (FY, 2015 - FY, 2016), %

(19%)

Gross profit (FY, 2016)

90.9 m

Gross profit margin (FY, 2016), %

41%

Net income (FY, 2016)

(11.3 m)

EBIT (FY, 2016)

(2.5 m)

Market capitalization (27-Jun-2017)

284.8 m

Closing share price (27-Jun-2017)

16.1

Cash (31-Dec-2016)

57.2 m
RigNet's current market capitalization is $284.8 m.
USDFY, 2011FY, 2012FY, 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

Gross profit Margin, %

46%43%40%41%

Operating expense total

73.6 m107.9 m119.4 m223.1 m

EBIT

28.2 m34.1 m(11.4 m)(2.5 m)

EBIT margin, %

13%10%(4%)(1%)

Interest expense

1.2 m1.6 m2.3 m2.2 m2.1 m2.7 m

Pre tax profit

25.7 m31.4 m(14.3 m)(5.5 m)

Income tax expense

6.5 m8.7 m9.2 m15.4 m2.4 m(5.8 m)

Net Income

16.5 m16 m(16.7 m)(11.3 m)
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

PP&E

59.1 m76.2 m72.5 m59.8 m

Goodwill

34.5 m30.1 m18.1 m22 m

Total Assets

238.8 m299.8 m258.1 m231 m

Accounts Payable

13.7 m13.6 m6.8 m9.1 m

Current Liabilities

42.3 m55 m43 m34.9 m

Additional Paid-in Capital

128.9 m137.7 m143 m147.9 m

Retained Earnings

(4.7 m)10.9 m(6 m)(17.6 m)

Total Equity

124.8 m142.1 m123.3 m112.6 m

Financial Leverage

1.9 x2.1 x2.1 x2.1 x
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 Receivable

(5.5 m)(15 m)10.9 m18.3 m

Accounts Payable

1.4 m(7.6 m)(4.9 m)129 k

Cash From Operating Activities

28 m43.8 m37 m39.2 m

Capital Expenditures

(30.2 m)(40.2 m)(34.3 m)(13.6 m)

Cash From Investing Activities

(28.8 m)(65.3 m)(33.3 m)(19.4 m)

Long-term Borrowings

(7.2 m)(8.6 m)(8.6 m)(16.6 m)

Cash From Financing Activities

3.2 m30.5 m(7.2 m)(15.4 m)

Income Taxes Paid

10.6 m10.6 m9.8 m5.3 m

Free Cash Flow

58.2 m83.9 m71.3 m52.8 m
Y, 2016

Financial Leverage

2.1 x

RigNet Market Value History

RigNet Online and Social Media Presence

RigNet Company Life and Culture

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