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RigNet

RigNet
2000 FOUNDED
PUBLIC STATUS
601-700 EMPLOYEES
RNET STOCK SYMBOL
13 INVESTMENTS
$6.41 SHARE PRICE (As of Tuesday Closing)
Description

RigNet Inc operates as a technology company that provides customized communications services, applications, real-time machine learning, and cybersecurity solutions. It operates through the following segments: The Managed Communications Services segment provides remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites; The Applications and Internet-of-Things segment focuses on the applications over-the-top of the Managed Services segment including Supervisory Control and Data Acquisition (SCADA) and Software as a Service (SaaS); The Systems Integration segment gives design and implementation services for customer telecommunications systems.

Website
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Wireless Communications Equipment
Other Industries
Network Management Software
Stock Exchange
NAS
Primary Office
  • 15115 Park Row
  • Suite 300
  • Houston, TX 77084
  • United States

+1 (281) 000-0000
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RigNet Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$6.15 - $19.15 $128M $6.45 -$3.72 40.8K 20M

RigNet Financials Summary

In Thousands,
USD
TTM
30-Jun-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 261,315 295,822 299,783 426,520
Revenue 242,856 238,854 204,892 220,623
EBITDA (30,209) (27,937) 20,990 30,792
Net Income (70,707) (62,453) (16,176) (11,507)
Total Assets 244,373 258,925 230,094 230,972
Total Debt 115,899 77,027 58,114 61,468
Public Fundamental Data provided by Morningstar, Inc. disclaimer

RigNet Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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RigNet Competitors (8)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nokia Networks Corporate Backed or Acquired Espoo, Finland 000 000000&0
0000000 0000000000 Corporation Melville, NY 0000 00000 000000000 00000
00000 Corporate Backed or Acquired Espoo, Finland 000000 000.00 00000000000 000.00
000000000 Corporate Backed or Acquired Stafford, VA 00 000000&0
000 0000000000 Corporation Middletown, RI 000 000000000
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RigNet Investments & Acquisitions (13)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000000 0000000 18-Apr-2018 000000000000000000 Telecommunications Service Providers 000000 0000000
000000 18-Apr-2018 000000000000000000 Other Commercial Products 000000 0000000
0000000 0000çõ00 0 23-Mar-2018 000000000000000000 000.00 Business/Productivity Software 000000 0000000
000000 000000000 0 28-Jul-2017 000000000000000000 000.00 Wireless Service Providers 000000 0000000
Data Technology Solutions 24-Jul-2017 Merger/Acquisition Other IT Services 000000 0000000
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RigNet Subsidiaries (4)

Company Name Industry Location Founded
Intelie Soluções em Informática Business/Productivity Software Rio de Janeiro, Brazil 2008
000000 Other Commercial Products Lafayette, LA 0000
0000000000 0000000 Telecommunications Service Providers Lafayette, LA 0000
0000 0000000000 00 Other IT Services Breaux Bridge, LA
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RigNet Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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RigNet Executive Team (20)

Name Title Board
Seat
Contact
Info
Steven Pickett Chief Executive Officer & Board Member
Lee Ahlstrom Chief Financial Officer & Senior Vice President
Brendan Sullivan Chief Information Officer & Chief Technology Officer
Erik Gomez Director of Corporate Development
Jackson Markley Vice President, Corporate Development

14 Former Executives

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RigNet Board Members (12)

Name Representing Role Since Contact
Info
Brent Whittington Self Board Member 000 0000
Gail Smith RigNet Board Member 000 0000
James Browning RigNet Chairman & Board Member 000 0000
Keith Olsen Self Board Member 000 0000
Kevin Mulloy Self Board Member 000 0000

4 Former Board Members

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