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RigNet, Inc. logo
RigNet, Inc. RNET

RigNet, Inc. Income Statement 2020-2011 | RNET

Brief overview of revenue and earnings at RigNet, Inc.

The figures are compared over a five-year interval. According to figures from RigNet, Inc., revenue changed from $271 million to $208 million over five years. Overall revenue changed by −23.3%, equal to an annualized rate of about −5.2%. The decline points to a contraction in the scale of the business.

Gross profit was 75.6 million dollars at the start and 51.1 million dollars at the end of the period (−32.4%). At the margin level, the figure shifted from 27.9% to 24.6%. The margin decline reflects a less favorable sales-and-cost structure.

Over the period, EBITDA shifted from 35.4 million dollars to 24.1 million dollars, a change of −31.7%. EBITDA moved broadly in line with revenue. EBITDA margin moved from 13% to 11.6%. The EBITDA margin stayed near its previous level.

Net income moved from −$17 million at the start to −$45.8 million at the end. Larger losses indicate rising pressure on the business.

Market value was $256 million at the start and $156 million at the end. Market expectations deteriorated over the period.

Financial takeaway

The results contain several connected negative signals. The most visible risks are lower investor confidence, a weaker final result and pressure from direct costs. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement RigNet, Inc.

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

156 M 90.6 M 250 M 303 M 354 M 256 M 593 M 765 M 333 M 246 M

Shares

19.8 M 19.8 M 18.7 M 18 M 17.8 M 17.5 M 17.3 M 16.3 M 15.6 M 15.4 M

Net Income

-45.8 M -19.2 M -62.5 M -16.2 M -11.5 M -17 M 15.6 M 16.3 M 11.9 M 9.52 M

Revenue

208 M 243 M 239 M 205 M 221 M 271 M 330 M 221 M 162 M 109 M

EBITDA

24.2 M 27.3 M 26.2 M 20.9 M 31.5 M 35.4 M 66.3 M 49.3 M 40.3 M 31.5 M

Operating Expenses

53.4 M 65.9 M 66 M 52.9 M 59.4 M 72.6 M 75.7 M 52.6 M 40.3 M 43.8 M

General and Administrative Expenses

43.8 M 53.6 M 53.2 M 44.5 M 52.2 M 63.2 M 69.1 M 48.8 M 37.2 M 27 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company RigNet, Inc. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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