RigNet Announces Second Quarter 2019 Earnings Results
RIGNET (RNET)
Last rignet earnings: 5/7 04:20 pm
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US:NASDAQ Investor Relations:
investor.rig.net/investors
Company Research
Source: GlobeNewswire
HOUSTON, Aug. 05, 2019 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET, the “Company”), the leading provider of ultra-secure, intelligent networking solutions and specialized applications, announced today its results for the quarter ended June 30, 2019. Increased quarterly revenue 4.9% to $60.3 million compared to the prior quarter Net loss of $6.2 million or $0.32 per share; compared to net loss of $12.0 million or $0.63 per share in the prior quarter Increased quarterly Adjusted EBITDA by 16.6% to $9.8 million compared to the prior quarter Increased Managed Communications Services (MCS) Sites served by 1.8% to 1,384 compared to the prior quarter Project backlog of $37.1 million “RigNet delivered solid operating results in the second quarter of 2019, growing total revenue by 4.9% and improving Adjusted EBITDA by 16.6% compared to the prior quarter,” said Steven Pickett, Chief Executive Officer and President. “We continue to see positive developments across all three segments of Ri
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