Glori Energy, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $5,458,000 against $775,000 a year ago. The year-over-year increase in revenues is due to the acquisition of the Coke Field in East Texas, which closed in March 2014, and a 129% increase in revenues from AERO Services compared to the previous year's third quarter. Loss from operations was $1,633,000 against $1,766,000 a year ago. Net loss was $356,000 or $0.01 per basic and diluted share against $825,000 or $0.73 per basic and diluted share a year ago. Net loss before taxes on income was $305,000 against $825,000 a year ago. EBITDA was $1,725,000 compared to LBITDA of $426,000 a year ago. Adjusted LBITDA was $302,000 against $1,609,000 a year ago.

For the nine months, the company reported total revenues of $12,016,000 against $2,434,000 a year ago. Loss from operations was $6,309,000 against $5,615,000 a year ago. Net loss was $7,100,000 or $0.25 per basic and diluted share against 5,207,000 or $4.76 per basic and diluted share a year ago. Net loss before taxes on income was $6,907,000 against $5,207,000 a year ago. Net cash used in operating activities was $7,153,000 against $4,790,000 a year ago. Purchase of proved oil and gas property was $41,048,000. Purchase of other property and equipment was $643,000 against $447,000 a year ago. LBITDA was $1,667,000 compared to $3,991,000 a year ago. Adjusted LBITDA was $3,357,000 compared to $5,174,000 a year ago.