Coil Tubing Technology, Inc. reported earnings results for the year ended December 31, 2012. For the year, the company reported revenues of $7,764,984 as compared to revenues of $5,541,131 for the same period ending December 31, 2011, an increase of $2,223,853 or 40%. Net income was $752,268 as compared to net income of $729,443 for the year ended December 31, 2011, an improvement of $22,823 or 3%.

The company invested $1,323,887 in cash during the year ended December 31, 2012, primarily for the purchase of rental tools, machinery and equipment. Primary and fully-diluted net income per share was $0.05 and $0.04, respectively compared to primary and fully-diluted net income per share for the twelve months ended December 31, 2011, of $0.08 and $0.07, respectively.