Event-Driven Stocks

RigNet, Inc.

Communication Services · Communications Services, NEC · DE · SEC filings ↗ · Compare ⊕

Signs● 2 good● 4 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY20FY19FY18FY17FY16FY15
Revenue$207.9M$242.9M$238.9M$204.9M$220.6M—
Operating income−$33.4M−$2.1M−$61.1M−$10.0M−$2.5M−$11.4M
Net income−$45.8M−$19.2M−$62.5M−$16.2M−$11.5M−$17.0M
Total assets$182.8M$251.0M$258.9M$230.1M$231.0M$258.1M
Total liabilities$181.5M$204.1M$202.9M$122.8M$118.4M$134.8M
Equity$1.2M$46.7M$55.9M$107.2M$112.4M$123.2M
EPS (diluted)$-2.22$-0.97$-3.34$-0.90$-0.65$-0.97
Shares out.20.0M19.5M18.2M18.0M17.8M17.6M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2020
Operating margin
−16.1%
Net margin
−22.0%
Return on equity
−3959.2%
Return on assets
−25.1%
Return on capital (ROCE)
−30.0%
Liabilities / assets
99.3%
Debt / equity
156.87×
Book value / share
$0.06
Revenue growth (YoY)
−14.4%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2020
Altman Z″ (distress)
-3.57distress
Accruals / assets
−42.9%clean
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
37
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 100Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 4 warning● 2 good
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Insider transactions

SEC Form 4 · most recent
0 acquisitions12 disposalsnet −950,667 shares · last 12
InsiderDateTypeSharesPrice
Olsen KeithDirectorApr 30, 2021D82,097—
Mulloy Kevin C.DirectorApr 30, 2021D69,787—
Ohara Kevin JDirectorApr 30, 2021D103,523—
Ahlstrom Lee MichaelOfficer — Senior Vice President &amp; CFOApr 30, 2021D80,558—
Browning James HDirectorApr 30, 2021D95,038—
Barnett James Arden JrOfficer — SVP of Government ServicesApr 30, 2021D27,731—
Smith Gail PDirectorApr 30, 2021D65,400—
De Vibe DitlefDirectorApr 30, 2021D86,828—
Olivier Errol JamesOfficer — SVP &amp; Chief Operating OfficerApr 30, 2021D4,405—
Pickett Steven EdwardOfficer — Chief Executive OfficerApr 30, 2021D182,317—
Sullivan BrendanOfficer — CTO/CIOApr 30, 2021D55,545—
Whittington BrentDirectorApr 30, 2021D97,438—

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)