RigNet (Nasdaq: RNET) reported earnings on March 7. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), RigNet beat slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.

Gross margins dropped, operating margins shrank, net margins grew.

Revenue details
 RigNet logged revenue of $49.3 million. The four analysts polled by S&P Capital IQ predicted revenue of $48.8 million on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $29.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.21. The four earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. Non-GAAP EPS of $0.21 for Q4 were 75% higher than the prior-year quarter's $0.12 per share. GAAP EPS of $0.20 for Q4 were 67% higher than the prior-year quarter's $0.12 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 45.5%, much worse than the prior-year quarter. Operating margin was 10.5%, 420 basis points worse than the prior-year quarter. Net margin was 6.9%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $50.0 million. On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $215.7 million. The average EPS estimate is $1.09.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RigNet is buy, with an average price target of $24.38.

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