Rignet, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
March 04, 2020 at 04:05 pm EST
RigNet, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was USD 64.096 million compared to USD 60.244 million a year ago. Operating loss was USD 5.613 million compared to operating Income of USD 51.274 million a year ago. Net loss was USD 523,000 compared to USD 49.721 million a year ago. Basic loss per share was USD 0.03 compared to USD 2.62 a year ago. For the full year, sales was USD 242.931 million compared to USD 238.854 million a year ago. Operating income was USD 2.070 million compared to USD 61.095 million a year ago. Net loss was USD 19.156 million compared to USD 62.453 million a year ago. Basic loss per share was USD 0.97 compared to USD 3.34 a year ago.