RigNet, Inc. is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. It operates through the following segments: Managed Communications Services (MCS), Applications & Internet-of-Things (Apps & IoT), Systems Integration (SI) and Corporate. The Managed Communications Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications & Internet-of-Things segment provides applications over-the-top of the network layer including Software as a Service (SaaS) offerings such as a real-time machine learning and AI data platform, edge computing solution services. The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.
Company profile
Ticker
RNET
Exchange
Website
CEO
Steven Pickett
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
1.Automation Communications Engineering Corp. • 2.Safety Controls, Inc. • 3.Cyphre Security Solutions LLC • 4.Intelie Solucoes em Informatica S.A. • 5.Intelie Technology LLC • 6.Intelie, Inc. • 7.RigNet Mozambique Limitada • 8.RigNet Ghana Limited • 9.RigNet SatCom, Inc. • 10.LandTel, Inc. ...
IRS number
760677208
RNET stock data
Latest filings (excl ownership)
15-12B
Securities registration termination
10 May 21
EFFECT
Notice of effectiveness
4 May 21
EFFECT
Notice of effectiveness
4 May 21
POS AM
Prospectus update (post-effective amendment)
30 Apr 21
POS AM
Prospectus update (post-effective amendment)
30 Apr 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Apr 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Apr 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Apr 21
S-8 POS
Registration of securities for employees (post-effective amendment)
30 Apr 21
8-K
Termination of a Material Definitive Agreement
30 Apr 21
Transcripts
RNET
Earnings call transcript
2020 Q3
8 Nov 20
RNET
Earnings call transcript
2020 Q2
11 Aug 20
RNET
Earnings call transcript
2020 Q1
14 May 20
RNET
Earnings call transcript
2019 Q4
5 Mar 20
RNET
Earnings call transcript
2019 Q3
10 Nov 19
RNET
Earnings call transcript
2019 Q2
10 Aug 19
RNET
Earnings call transcript
2019 Q1
11 May 19
RNET
Earnings call transcript
2018 Q4
16 Mar 19
RNET
Earnings call transcript
2018 Q3
9 Nov 18
RNET
Earnings call transcript
2018 Q2
12 Aug 18
Latest ownership filings
Financial summary
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Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 13.53 mm | 13.53 mm | 13.53 mm | 13.53 mm | 13.53 mm | 13.53 mm |
Cash burn (monthly) | 1.62 mm | 80.92 k | 772.67 k | 3.25 mm | (no burn) | (no burn) |
Cash used (since last report) | 64.45 mm | 3.22 mm | 30.79 mm | 129.37 mm | n/a | n/a |
Cash remaining | -50.92 mm | 10.31 mm | -17.25 mm | -115.84 mm | n/a | n/a |
Runway (months of cash) | -31.5 | 127.4 | -22.3 | -35.7 | n/a | n/a |
Institutional ownership, Q3 2021
23.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 19.77 mm |
Total shares | 5.01 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
KKR Group Partnership | 5.00 mm | $0.00 |
BNP Paribas Arbitrage | 4.82 k | $19.77 mm |