STW Resources Holding Corp. announced earnings results for the fourth quarter and full year of 2014. For the quarter, revenues were $4,597,520, or 25% of total annual revenues. The improved results were primarily attributable to expanding the oilfield services business and growing the water technology services business segment. This growth is attributable to improved demand for the company's services due to improving market conditions in the oil & gas exploration industry.

For the year, revenues increased to $18,608,028 during 2014 from $1,945,631 in 2013. The rapid growth during 2014 with a focus on market share and expansion of services offerings has resulted in increased operating expenses that contributed to the reported net loss of $14,898,378. However, the net loss includes $5,847,310 of non-cash charges relating to the change in the company's derivative liability, stock-based compensation, depreciation, and other non-cash expenses. As such, the company's net loss on a non-GAAP basis, exclusive of these non-cash charges, was $9,058,068.