Cabo Drilling Corp. reported consolidated earnings results for the fourth quarter and year ended June 30, 2014. For the quarter, the company reported revenue of $4,736,000 against $8,914,000 a year ago. LBITDA was $2,467,000 against EBITDA of $429,000 a year ago. Net loss after tax was $1,282,000 against $710,000 a year ago. Basic loss per share was $0.06 against $0.01 a year ago. LBITDA per share was $0.03 against EBITDA per share of $0.01 a year ago. Cash used in Operations was $3,168,000 against $235,000 a year ago.

For the year, the company reported revenue of $23,014,000 against $42,534,000 a year ago. LBITDA was $3,029,000 against EBITDA of $3,956,000 a year ago. Net loss after tax was $5,027,000 against $565,000 a year ago. Basic loss per share was $0.06 against $0.01 a year ago. LBITDA per share was $0.04 against EBITDA per share of $0.05 a year ago. Cash used in Operations was $4,309,000 against $2,606,000 a year ago.