Coil Tubing Technology, Inc. announced earnings results for the year ended December 31, 2013. For the year, the company reported revenues of $6,143,000 as compared to $7,765,000 for the same period ended a year ago. A decrease of $1,622,000 or 21%.

This decrease follows the 2013 decline in demand for coil tubing services from its customers. Primary and fully-diluted net loss per share was $0.06. Primary and fully-diluted net income per share for the twelve months ended December 31, 2012, was $0.05 and $0.04, respectively.

The company's operations continue to provide cash flow which totaled $694,000 in 2013 as compared to $817,000 in 2012.