RigNet (RNET) 8-K Regulation FD Disclosure

Exhibit 99.1

Selected Financial and Operational Data for the

2012 and 2011 Quarterly Periods

RigNet, Inc. (the “Company”), a leading global provider of remote communication services to the oil and gas industry, presents the following financial and operational data for the 2012 and 2011 quarterly periods, recast based on the Company’s current reportable segments.

As part of RigNet’s continuous review of its business and in connection with the acquisition of Nessco Group Holdings Ltd. (Nessco) in July 2012, the Company evaluated its current core assets and operations, and organized them into three segments based on geographic location. Accordingly, RigNet now considers its business to consist of three reportable segments:

• Americas. The Americas segment provides remote communications services for offshore and onshore drilling rigs and production facilities, as well as, energy support vessels and other remote sites. The Americas segment services are performed out of the Company’s United States and Brazil based offices for onshore and offshore customers and rig sites located on the western side of the Atlantic Ocean primarily in the United States, Mexico and Brazil, and within the Gulf of Mexico.

• Europe/Africa. The Europe/Africa segment provides remote communications services for offshore drilling rigs, production facilities, energy support vessels and other remote sites, as well as, systems integration projects. The Europe/Africa segment services are performed out of the Company’s Norway and United Kingdom based offices for customers and rig sites located on the eastern side of the Atlantic Ocean primarily off the coasts of the United Kingdom, Norway and West Africa.

• Middle East/Asia Pacific (MEAP). The MEAP segment provides remote communications services for onshore and offshore drilling rigs, production facilities, energy support vessels and other remote sites. The MEAP segment services are primarily performed out of the Company’s Qatar and Singapore based offices for customers and rig sites located on the eastern side of the Atlantic Ocean primarily around the Indian Ocean in Qatar, Saudi Arabia and India, around the Pacific Ocean near Australia, and within the South China Sea.

Corporate and Eliminations primarily represents unallocated corporate office activities, interest expenses, income taxes and eliminations.

Segment information has been prepared consistent with the components of the enterprise for which separate financial information is available and regularly evaluated by the chief operating decision-maker for the purpose of allocating resources and assessing performance. Selected segment information for the quarterly periods of 2012 and 2011 is presented below. Prior period information has been recast to conform to the current segment presentation.

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Selected Financial Data

	Three Months Ended									Nine Months Ended September 30, 2012
	March 31,			June 30,			September 30,
	2012			2012			2012
				(in thousands)
Americas:
Revenue	$	11,843		$	12,169		$	13,053		$	37,065
Cost of revenue		5,654			5,593			5,765			17,012
Gross Profit (non-GAAP measure)		6,189			6,576			7,288			20,053
Gross Profit margin		52.3	%		54.0	%		55.8	%		54.1	%
Depreciation and amortization		1,880			1,747			1,909			5,536
Selling, general and administrative		1,639			2,087			2,012			5,738
Operating income	$	2,670		$	2,742		$	3,367		$	8,779
Adjusted EBITDA (non-GAAP measure)	$	4,695		$	4,398		$	5,235		$	14,328
Adjusted EBITDA margin		39.6	%		36.1	%		40.1	%		38.7	%
Europe/Africa(1) :
Revenue	$	9,513		$	9,807		$	21,972		$	41,292
Cost of revenue		3,773			4,560			13,536			21,869
Gross Profit (non-GAAP measure)		5,740			5,247			8,436			19,423
Gross Profit margin		60.3	%		53.5	%		38.4	%		47.0	%
Depreciation and amortization		741			752			1,774			3,267
Selling, general and administrative		872			1,321			2,655			4,848
Operating income	$	4,127		$	3,174		$	4,007		$	11,308
Adjusted EBITDA (non-GAAP measure)	$	4,705		$	4,620		$	5,013		$	14,338
Adjusted EBITDA margin		49.5	%		47.1	%		22.8	%		34.7	%
Middle East/Asia Pacific:
Revenue	$	9,854		$	11,264		$	12,914		$	34,032
Cost of revenue		3,821			4,109			4,512			12,442
Gross Profit (non-GAAP measure)		6,033			7,155			8,402			21,590
Gross Profit margin		61.2	%		63.5	%		65.1	%		63.4	%
Depreciation and amortization		1,302			1,312			1,153			3,767
Selling, general and administrative		950			1,047			1,088			3,085
Operating income	$	3,781		$	4,796		$	6,161		$	14,738
Adjusted EBITDA (non-GAAP measure)	$	5,004		$	6,172		$	7,232		$	18,408
Adjusted EBITDA margin		50.8	%		54.8	%		56.0	%		54.1	%
Corporate and Eliminations:
Revenue	$	—		$	—		$	—		$	—
Cost of revenue		933			900			1,037			2,870
Gross Profit (non-GAAP measure)		(933	)		(900	)		(1,037	)		(2,870	)
Depreciation and amortization		5			(5	)		1			1
Selling, general and administrative		4,742			5,134			5,564			15,440
Operating income	$	(5,680	)	$	(6,029	)	$	(6,602	)	$	(18,311	)
Adjusted EBITDA (non-GAAP measure)	$	(5,121	)	$	(5,100	)	$	(5,088	)	$	(15,309	)
Consolidated RigNet:
Revenue	$	31,210		$	33,240		$	47,939		$	112,389
Cost of revenue		14,181			15,162			24,850			54,193
Gross Profit (non-GAAP measure)		17,029			18,078			23,089			58,196
Gross Profit margin		54.6	%		54.4	%		48.2	%		51.8	%
Depreciation and amortization		3,928			3,806			4,837			12,571
Selling, general and administrative		8,203			9,589			11,319			29,111
Operating income	$	4,898		$	4,683		$	6,933		$	16,514
Adjusted EBITDA (non-GAAP measure)	$	9,283		$	10,090		$	12,392		$	31,765
Adjusted EBITDA margin		29.7	%		30.4	%		25.8	%		28.3	%

(1) Includes acquired Nessco operations beginning July 5, 2012

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	Three Months Ended												Twelve  Months Ended December 31, 2011
	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
	(in thousands)
Americas:
Revenue	$	9,350		$	9,691		$	11,124		$	11,352		$	41,517
Cost of revenue		4,858			4,682			5,553			5,391			20,484
Gross Profit (non-GAAP measure)		4,492			5,009			5,571			5,961			21,033
Gross Profit margin		48.0	%		51.7	%		50.1	%		52.5	%		50.7	%
Depreciation and amortization		1,565			1,601			1,767			1,810			6,743
Selling, general and administrative		1,466			1,519			1,825			3,084			7,894
Operating income	$	1,461		$	1,889		$	1,979		$	1,067		$	6,396
Adjusted EBITDA (non-GAAP measure)	$	3,041		$	3,520		$	3,720		$	2,924		$	13,205
Adjusted EBITDA margin		32.5	%		36.3	%		33.4	%		25.8	%		31.8	%
Europe/Africa:
Revenue	$	7,805		$	8,337		$	8,871		$	9,358		$	34,371
Cost of revenue		2,813			3,069			3,439			3,847			13,168
Gross Profit (non-GAAP measure)		4,992			5,268			5,432			5,511			21,203
Gross Profit margin		64.0	%		63.2	%		61.2	%		58.9	%		61.7	%
Depreciation and amortization		750			788			770			744			3,052
Selling, general and administrative		1,324			1,193			1,256			1,639			5,412
Operating income	$	2,918		$	3,287		$	3,406		$	3,128		$	12,739
Adjusted EBITDA (non-GAAP measure)	$	3,593		$	4,083		$	4,502		$	4,069		$	16,247
Adjusted EBITDA margin		46.0	%		49.0	%		50.7	%		43.5	%		47.3	%
Middle East/Asia Pacific:
Revenue	$	7,312		$	8,166		$	8,985		$	9,321		$	33,784
Cost of revenue		2,864			3,133			3,059			3,279			12,335
Gross Profit (non-GAAP measure)		4,448			5,033			5,926			6,042			21,449
Gross Profit margin		60.8	%		61.6	%		66.0	%		64.8	%		63.5	%
Depreciation and amortization		1,252			1,262			1,226			1,228			4,968
Selling, general and administrative		704			947			867			1,040			3,558
Operating income	$	2,492		$	2,824		$	3,833		$	3,774		$	12,923
Adjusted EBITDA (non-GAAP measure)	$	3,721		$	4,070		$	5,100		$	4,976		$	17,867
Adjusted EBITDA margin		50.9	%		49.8	%		56.8	%		53.4	%		52.9	%
Corporate and Eliminations:
Revenue	$	—		$	3		$	(75	)	$	(245	)	$	(317	)
Cost of revenue		638			515			913			592			2,658
Gross Profit (non-GAAP measure)		(638	)		(512	)		(988	)		(837	)		(2,975	)
Depreciation and amortization		(55	)		(51	)		(46	)		(27	)		(179	)
Selling, general and administrative		3,234			3,166			3,193			2,779			12,372
Operating loss	$	(3,817	)	$	(3,627	)	$	(4,135	)	$	(3,589	)	$	(15,168	)
Adjusted EBITDA (non-GAAP measure)	$	(3,760	)	$	(3,384	)	$	(3,874	)	$	(2,845	)	$	(13,863	)
Consolidated RigNet:
Revenue	$	24,467		$	26,197		$	28,905		$	29,786		$	109,355
Cost of revenue		11,173			11,399			12,964			13,109			48,645
Gross Profit (non-GAAP measure)		13,294			14,798			15,941			16,677			60,710
Gross Profit margin		54.3	%		56.5	%		55.1	%		56.0	%		55.5	%
Depreciation and amortization		3,512			3,600			3,717			3,755			14,584
Selling, general and administrative		6,728			6,825			7,141			8,542			29,236
Operating income	$	3,054		$	4,373		$	5,083		$	4,380		$	16,890
Adjusted EBITDA (non-GAAP measure)	$	6,595		$	8,289		$	9,448		$	9,124		$	33,456
Adjusted EBITDA margin		27.0	%		31.6	%		32.7	%		30.6	%		30.6	%

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Selected Operational Data

	1st Quarter 2011		2nd Quarter 2011		3rd Quarter 2011		4th Quarter 2011		1st Quarter 2012		2nd Quarter 2012		3rd Quarter 2012(3)
Total RigNet:
Offshore drilling rigs (1)		223		219		217		228		233		234		233
U.S. onshore drilling rigs		323		331		330		338		323		308		302
Other sites (2)		372		404		444		488		493		515		550
Total		918		954		991		1,054		1,049		1,057		1,085

(1) Includes jack up, semi-submersible and drillship rigs

(2) Includes production facilities, energy support vessels, international land rigs, completion sites, man-camps, remote offices and supply bases

(3) Excludes Nessco, which is immaterial

Non-GAAP Financial Measures

This exhibit contains the following non-GAAP measures: Gross Profit and Adjusted EBITDA. Gross Profit and Adjusted EBITDA are financial measures that are not calculated in accordance with generally accepted accounting principles, or GAAP. We refer you to the Company’s most recent 10-K filing for the year ended December 31, 2011 for a more detailed discussion of the uses and limitations of our non-GAAP financial measures.

We define Gross Profit as revenue less cost of revenue. This measure is used to evaluate operating margins and the effectiveness of cost management.

We define Adjusted EBITDA as net income (loss) plus interest expense, income tax expense (benefit), depreciation and amortization, impairment of goodwill, (gain) loss on retirement of property and equipment, change in fair value of derivatives, stock-based compensation and IPO or merger/acquisition costs and related bonuses. Adjusted EBITDA should not be considered as an alternative to net income (loss), operating income (loss) or any other measure of financial performance calculated and presented in accordance with GAAP.

About RigNet

RigNet (NASDAQ: RNET) is a leading global provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over thirty countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visitwww.rig.net. RigNet is a registered trademark of RigNet, Inc.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 – that is, statements related to the future, not past, events. Forward-looking statements are based on the current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, individuals should refer to RigNet’s SEC filings. RigNet undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

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