RigNet, Inc. (NASDAQ:RNET) provider of digital technology solutions to engery industry will be discussing 2Q20 financial results with the investment community.on 7th August 2020 at 11:00 AM eastern time.
The financial results for the quarter are released after the U.S. market close on Thursday 6th August 2020
Those interested in listening to the conference call live via the Internet can visit www.rig.net
Quarterly Results
RigNet, Inc. posted loss for the second quarter of $ 0.21 per share, from the revenue of $ 53.39 million. The quarterly revenues down 11.50 percent compared with the same quarter last year. According to street consensus, RNET was expected to report 2Q20 loss of $ 0.62 per share from revenue of $ 48.42 million. The bottom line results beat street analysts by $ 0.41 or 66.13 percent, at the same time, top line results outshined analysts by $ 4.97 million or 10.26 percent.
RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally. The company operates through three segments: Managed Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration. The Managed Services segment provides remote communication, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites.
