Rignet, inc. (RNET)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

58,761

64,096

60,993

60,332

57,510

60,244

64,770

60,007

53,833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue

-

-

-

-

-

-

-

-

-

-

-

-

48,072

-

50,612

54,911

62,341

52,186

66,318

75,106

77,650

86,656

87,819

80,656

75,043

59,707

56,856

51,329

52,818

49,280

47,939

33,240

31,210

29,786

28,905

26,197

24,467

24,234

22,550

Expenses:
Cost of revenue (excluding depreciation and amortization)

37,950

-

35,662

-

36,456

-

40,734

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue (excluding depreciation and amortization)

-

-

-

36,519

-

-

-

36,246

33,681

-

32,385

33,038

29,875

30,347

29,860

33,276

36,276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue (excluding depreciation and amortization)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,191

39,736

43,933

-

49,217

45,656

46,521

32,692

31,140

25,927

29,122

26,878

24,850

15,162

14,181

-

12,964

11,399

-

10,516

10,454

Cost of revenue (excluding depreciation and amortization)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,173

-

-

Depreciation and amortization

6,931

7,366

7,172

7,679

8,912

8,398

8,413

8,356

7,987

7,978

7,999

7,552

7,316

7,995

8,305

9,013

8,243

8,070

8,094

8,211

8,096

7,855

7,530

7,280

6,797

5,381

5,450

5,249

4,969

4,963

4,837

3,806

3,928

3,755

3,717

3,600

3,512

3,561

3,837

Change in fair value of earn-out/contingent consideration

-

-

-

1,284

-

-

-750

2,778

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill and intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

23,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling and marketing

2,812

2,701

2,784

2,952

3,793

2,978

2,728

4,189

2,949

2,379

2,400

2,132

1,436

1,613

1,724

1,943

1,892

2,380

2,129

2,262

2,678

4,406

1,599

1,764

1,529

3,076

937

1,029

787

803

891

729

658

639

584

591

462

682

428

General and administrative

13,829

10,325

12,377

14,458

16,470

12,073

14,666

12,768

13,686

13,441

11,011

9,878

10,512

14,076

10,476

13,576

15,341

13,369

13,538

15,794

20,491

17,633

17,772

16,154

14,843

10,400

13,036

11,530

11,760

10,351

10,428

8,860

7,545

7,903

6,557

6,234

6,266

5,587

5,007

Total expenses

84,663

58,483

57,995

62,892

65,631

111,518

65,791

64,337

58,303

59,346

53,795

52,600

49,139

52,752

50,365

58,205

61,752

66,867

74,544

66,003

75,198

79,428

76,118

70,854

69,690

51,549

50,563

43,735

46,638

42,995

41,006

28,557

26,312

25,406

23,822

21,824

21,413

20,346

19,726

Operating loss

-25,902

5,613

2,998

-2,560

-8,121

-51,274

-1,021

-4,330

-4,470

-2,532

-2,951

-3,438

-1,067

7

247

-3,294

589

-14,681

-8,226

9,103

2,452

7,228

11,701

9,802

5,353

8,158

6,293

7,594

6,180

6,285

6,933

4,683

4,898

4,380

5,083

4,373

3,054

3,888

2,824

Other income (expense):
Interest expense

1,528

1,667

1,784

1,269

1,238

1,196

807

1,007

959

949

689

613

619

668

729

643

668

533

502

508

511

551

588

565

481

904

432

440

507

625

611

129

187

219

235

349

446

412

350

Other income (expense), net

-321

494

-486

-93

72

44

-658

112

506

71

209

-260

113

84

-426

315

-286

-74

-362

160

-569

-684

-432

-51

651

-294

-873

313

614

-317

-341

239

-74

250

328

123

-88

-395

-94

Loss before income taxes

-27,751

4,440

728

-3,922

-9,287

-52,426

-2,486

-5,225

-4,923

-3,410

-3,431

-4,311

-1,573

-577

-908

-3,622

-365

-15,288

-9,090

8,755

1,372

-

10,681

9,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of preferred stock derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

-12,206

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,523

-

4,988

7,467

6,287

5,343

5,981

4,793

4,637

4,411

5,176

4,147

2,520

3,143

-9,826

Income tax benefit (expense)

-980

4,877

998

2,204

2,666

-2,735

312

-926

603

2,397

762

-101

414

3,149

540

1,234

902

-4,329

1,789

2,635

2,314

3,996

4,751

3,438

3,215

1,513

2,581

2,552

2,512

1,850

2,808

1,932

2,143

1,760

299

1,946

2,497

2,661

1,226

Net loss

-26,771

-437

-270

-6,126

-11,953

-49,691

-2,798

-4,299

-5,526

-5,807

-4,193

-4,210

-1,987

-3,726

-1,448

-4,856

-1,267

-10,959

-10,879

6,120

-942

1,997

5,930

5,748

2,308

5,447

2,407

4,915

3,775

3,493

3,173

2,861

2,494

2,053

5,475

2,201

23

482

-11,052

Less: Net loss (income) attributable to:
Less: Net loss attributable to non-redeemable, non-controlling interest

70

86

224

30

30

30

49

30

30

-138

39

39

39

39

210

-105

66

81

65

81

87

81

73

81

113

54

60

54

40

-

-

-

-

-

-

-

-

-

-

Less: Net income (loss) attributable to Non-redeemable, non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-65

8

82

-

24

81

48

49

81

Redeemable, non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

Net loss attributable to RigNet, Inc. stockholders

-26,841

-523

-494

-6,156

-11,983

-49,721

-2,847

-4,329

-5,556

-5,669

-4,232

-4,249

-2,026

-3,765

-1,658

-4,751

-1,333

-11,040

-10,944

6,039

-1,029

1,916

5,857

5,667

2,195

5,393

2,347

4,861

3,735

3,379

3,238

2,853

2,412

1,972

5,451

2,120

-25

433

-11,143

COMPREHENSIVE LOSS
Net loss

-26,771

-437

-270

-6,126

-11,953

-49,691

-2,798

-4,299

-5,526

-5,807

-4,193

-4,210

-1,987

-3,726

-1,448

-4,856

-1,267

-10,959

-10,879

6,120

-942

1,997

5,930

5,748

2,308

5,447

2,407

4,915

3,775

3,493

3,173

2,861

2,494

2,053

5,475

2,201

23

482

-11,052

Foreign currency translation

-7,157

2,329

-2,913

178

158

41

-3,897

-2,192

1,600

-338

1,737

905

861

-2,181

-363

-2,133

542

-1,231

-4,595

3,255

-4,583

-4,844

-4,126

841

1,012

130

3,553

-1,486

-4,591

-

2,643

-

-

-

-

-

-

-

-

Foreign currency translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,334

1,113

-

-1,296

510

-

-

-

Foreign currency translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-825

1,417

-1,184

Comprehensive loss

-33,928

1,892

-3,183

-5,948

-11,795

-49,650

-6,695

-6,491

-3,926

-6,145

-2,456

-3,305

-1,126

-5,907

-1,811

-6,989

-725

-12,190

-15,474

9,375

-5,525

-2,847

1,804

6,589

3,320

5,577

5,960

3,429

-816

4,510

5,816

1,527

3,607

1,399

4,179

2,711

848

-

-

Less: Comprehensive income attributable to non-controlling interest

70

86

224

30

30

30

49

30

30

-138

39

39

39

39

210

-105

66

81

65

81

87

81

73

81

113

54

60

54

40

114

-65

8

82

129

-24

81

48

-

-

Comprehensive loss attributable to RigNet, Inc. stockholders

-33,998

1,806

-3,407

-5,978

-11,825

-49,680

-6,744

-6,521

-3,956

-6,007

-2,495

-3,344

-1,165

-5,946

-2,021

-6,884

-791

-12,271

-15,539

9,294

-5,612

-2,928

1,731

6,508

3,207

5,523

5,900

3,375

-856

4,396

5,881

1,519

3,525

1,318

4,155

2,630

800

1,899

-12,236

LOSS PER SHARE - BASIC AND DILUTED
Net loss attributable to RigNet, Inc. common stockholders

-26,841

-523

-494

-6,156

-11,983

-49,721

-2,847

-4,329

-5,556

-5,669

-4,232

-4,249

-2,026

-3,765

-1,658

-4,751

-1,333

-11,040

-10,944

6,039

-1,029

1,916

5,857

5,667

2,195

5,393

2,347

4,861

3,735

3,379

3,238

2,853

2,412

1,972

5,451

2,120

-25

433

-11,143

Less: Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

910

808

Less: Adjustment to redeemable, non-controlling interest redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-75

-10

Net income (loss) attributable to RigNet, Inc. common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,451

2,120

-25

-552

-11,941

Net loss per share attributable to RigNet, Inc. common stockholders, basic

-1.34

0.00

-0.02

-0.32

-0.63

-2.65

-0.15

-0.23

-0.31

-0.32

-0.23

-0.24

-0.11

-0.21

-0.09

-0.27

-0.08

-0.64

-0.62

0.35

-0.06

0.11

0.34

0.32

0.13

0.31

0.15

0.30

0.24

0.21

0.21

0.18

0.16

0.13

0.35

0.14

0.00

-0.10

-2.24

Net loss per share attributable to RigNet, Inc. common stockholders, diluted

-1.34

0.00

-0.02

-0.32

-0.63

-2.65

-0.15

-0.23

-0.31

-0.32

-0.23

-0.24

-0.11

-0.21

-0.09

-0.27

-0.08

-0.63

-0.62

0.34

-0.06

0.11

0.33

0.31

0.12

0.30

0.13

0.28

0.22

0.20

0.19

0.17

0.14

0.12

0.32

0.13

0.00

-0.10

-2.24

Weighted average shares outstanding, basic

20,081

21,327

19,970

19,082

18,949

19,162

18,905

18,639

18,146

18,092

18,086

17,985

17,873

18,043

17,782

17,634

17,613

17,607

17,567

17,499

17,463

17,084

17,443

17,490

17,267

17,202

16,148

15,963

15,759

15,687

15,647

15,566

15,464

15,444

15,443

15,420

15,241

5,319

5,319

Weighted average shares outstanding, diluted

20,081

21,327

19,970

19,082

18,949

19,162

18,905

18,639

18,146

18,092

18,086

17,985

17,873

18,043

17,782

17,634

17,613

17,213

17,567

17,893

17,463

17,508

17,987

18,108

17,993

17,791

17,630

17,480

17,327

17,039

17,104

16,977

16,948

18,281

16,840

16,894

15,241

5,319

5,319