RigNet (RNET) Posts Q2 Loss of $0.27/Share

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RigNet Announces Second Quarter 2016 Earnings Results

August 8, 2016 4:26 PM EDT

Quarterly revenue of $54.9 million consisting of: Managed Services revenue of $50.2 million,Telecoms Systems Integration (TSI) revenue of $4.7 million  Quarterly GAAP Net Loss attributable to common stockholders of $4.8 million, $0.27 per shareQuarterly Adjusted EBITDA of $8.6 million

HOUSTON, Aug. 08, 2016 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ: RNET), a leading global provider of digital technology solutions focusing on serving energy facilities, maritime vessels and other global remote locations, today reported quarterly results for the quarter ended June 30, 2016.

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