RigNet Inc Is Still Trying to Find Its Footing
RigNet (NASDAQ: RNET) continues to muddle along as the energy industry begins a slow recovery process from one of its deepest downturns in decades. Revenue, for example, was down double digits from last year's second quarter, though up slightly from the first quarter. Meanwhile, its net loss did the opposite, improving versus the year-ago quarter but deepening sequentially. On the plus side, the company continues to generate free cash flow, expand its market share, and diversify into new markets, which positions it to deliver better results in future quarters.
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Q2 2017
Source: Fool.com
