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Stock impact report

RigNet Inc's Recovery Continued in Q3 [The Motley Fool]

RIGNET (RNET) 
Last rignet earnings: 5/7 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.rig.net/investors
Company Research Source: The Motley Fool
The provider of remote communications solutions is starting to win more work, which should boost its financial results in future periods. Matthew DiLallo ( TMFmd19 ) Nov 9, 2018 at 11:04AM RigNet' s ( NASDAQ:RNET ) slow recovery from the impact of the oil market downturn continued during the third quarter. While the company has yet to return to profitability, its net loss continues narrowing as its revenue rises. Meanwhile, its backlog of projects is expanding, which should drive revenue higher as it completes them in the coming quarters. RigNet results: The raw numbers Metric Q3 2018 Q3 2017 Year-Over-Year Change Revenue $64.8 million $50.8 million 27.4% Net income ($2.8 million) ($4.2 million) N/A EPS ($0.15) ($0.23) N/A Data source: RigNet Inc. W Show less Read more
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