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RigNet, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2020 10-K, filed Mar 15, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Provides remote communications and managed network services for energy operators, drilling contractors and oilfield service companies; also sells cybersecurity, data-analytics and workforce applications and designs telecommunications systems for energy projects.

Who Were Their Customers?

RigNet serves oil and gas operators, drilling contractors and oilfield service and maritime companies, along with pipeline operators and engineering and construction firms. Apps & IoT sales use direct and indirect channels; RigNet often works as a subcontractor to engineering, procurement and construction firms on systems-integration projects.

How Were They Changing?

Since the FY2020 annual report
  • Apr 30, 2021 Viasat completed its acquisition of RigNet RigNet shares were converted into Viasat shares, and RigNet requested Nasdaq delisting.

Broader customer markets The older report said RigNet was seeking customers beyond upstream oil and gas; the latest describes services for midstream and downstream customers and channel partners serving markets beyond traditional energy.

Revenue over time
Managed Communication Services Applications and Internet-of-Things Systems Integration
$250M$125M$0

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