Rignet, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 15, 2021 at 08:36 am EDT
RigNet, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 47.047 million compared to USD 64.096 million a year ago. Operating loss was USD 1.681 million compared to operating Income of USD 5.613 million a year ago. Net loss was USD 9.108 million compared to USD 523,000 a year ago. Basic loss per share from continuing operations was USD 0.44 compared to USD 0.03 a year ago. For the full year, sales was USD 207.921 million compared to USD 242.931 million a year ago. Operating loss was USD 33.409 million compared to USD 2.070 million a year ago. Net loss was USD 45.808 million compared to USD 19.156 million a year ago. Basic loss per share from continuing operations was USD 2.22 compared to USD 0.97 a year ago.