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 Metrics

RigNet Financial Metrics

Revenue (2016)

$220.6 m

Revenue growth (2015-16), %

(19%)

Gross profit

$90.9 m

Gross profit margin (2016), %

41%

Net income (2016)

($11.3 m)

Market capitalization (28-Apr-2017)

$352.5 m

Closing share price (28-Apr-2017)

$20

Cash (31-Dec-2016)

$57.2 m
RigNet's current market capitalization is $352.5 m.
RigNet's revenue was reported to be $220.6 m in FY, 2016 which is a 19% decrease from the previous period.
FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$220.7 m$330.2 m$271.3 m$220.6 m

Revenue growth, %

50%(18%)(19%)

Cost of goods sold

$118.9 m$188.2 m$163.2 m$129.8 m

Gross profit

$101.8 m$142 m$108 m$90.9 m

Gross profit Margin, %

46%43%40%41%

Operating expense total

$73.6 m$107.9 m$119.4 m$223.1 m

EBIT

$28.2 m$34.1 m($11.4 m)($2.5 m)

EBIT margin, %

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

Interest expense

$1.2 m$1.6 m$2.3 m$2.2 m$2.1 m$2.7 m

Pre tax profit

$25.7 m$31.4 m($14.3 m)($5.5 m)

Income tax expense

$6.5 m$8.7 m$9.2 m$15.4 m$2.4 m($5.8 m)

Net Income

$16.5 m$16 m($16.7 m)($11.3 m)
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$11.4 m$50.4 m$53.1 m$59.7 m$59.8 m$66.6 m$60.5 m$57.2 m

Accounts Receivable

$45.4 m$74.6 m$62.1 m$48.7 m

Inventories

$14.2 m$21.3 m$7.1 m$10.4 m

Current Assets

$120 m$163.7 m$137 m$118.7 m

PP&E

$59.1 m$76.2 m$72.5 m$59.8 m

Goodwill

$34.5 m$30.1 m$18.1 m$22 m

Total Assets

$238.8 m$299.8 m$258.1 m$231 m

Accounts Payable

$13.7 m$13.6 m$6.8 m$9.1 m

Current Liabilities

$42.3 m$55 m$43 m$34.9 m

Additional Paid-in Capital

$128.9 m$137.7 m$143 m$147.9 m

Retained Earnings

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

Total Equity

$124.8 m$142.1 m$123.3 m$112.6 m

Financial Leverage

1.9 x2.1 x2.1 x2.1 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$16.5 m$16 m($16.7 m)($11.3 m)

Depreciation and Amortization

$21 m$29.5 m$32.5 m$33.6 m

Accounts Receivable

($5.5 m)($15 m)$10.9 m$18.3 m

Inventories

Accounts Payable

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

Cash From Operating Activities

$28 m$43.8 m$37 m$39.2 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 m$30.5 m($7.2 m)($15.4 m)

Income Taxes Paid

$10.6 m$10.6 m$9.8 m$5.3 m

Free Cash Flow

$58.2 m$83.9 m$71.3 m$52.8 m

RigNet Market Value History

RigNet Online Presence

RigNet Company Life

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