Rignet, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 06, 2020 at 03:26 am IST
RigNet, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 48.722 million compared to USD 60.993 million a year ago. Operating loss was USD 3.041 million compared to operating Income of USD 2.998 million a year ago. Net loss was USD 5.537 million compared to USD 494,000 a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.02 a year ago. For the nine months, sales was USD 160.874 million compared to USD 178.835 million a year ago. Operating loss was USD 31.728 million compared to USD 7.683 million a year ago. Net loss was USD 36.700 million compared to USD 18.633 million a year ago. Basic loss per share from continuing operations was USD 1.69 compared to USD 0.94 a year ago.