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International Isotopes Inc. Announces First Quarter 2008 Financial Results
Date:5/12/2008

Revenue Increase 45% to $ 1.3 Million - Increases in Nearly All Business

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IDAHO FALLS, Idaho, May 12 /PRNewswire-FirstCall/ -- International Isotopes Inc. (OTC Bulletin Board: INIS) announces financial results for the first quarter ending March 31, 2008.

REVENUE: Revenue for the three-month period ended March 31, 2008 was $1,307,938 as compared to $902,632 for the same period in 2007, an increase of $405,306 or approximately 45%. The increase in total revenue was attributable to especially strong performance in cobalt products, radiochemical products, and radiological services business segments.

Revenue from the sale of cobalt products for the three-month period ending March 31, 2008 was $270,528 compared to $39,025 for the same period in 2007. This represents nearly a six fold increase in revenue in the segment and is attributable to increased sales of sealed cobalt sources and teletherapy capsules to numerous customers.

Revenue from the sale of radiochemical products for the three-month period ending March 31, 2008 was $318,408 compared to $225,914 for the same period in 2007. This represents an increase in revenue of $92,495 or nearly 41% and is attributable to increased sales of radiochemical iodine-131.

Revenue from the radiological services segment for the three-month period ending March 31, 2008 was $245,722 compared to $147,609 for the same period in 2007. This represents an increase in revenue of $98,113 or approximately a 66% and is primarily attributable to increased volumes of gemstone processing that have resulted following resolution of the regulatory issues that had limited revenues in this segment during 2007.

GROSS PROFIT: Gross profit for the three-month period ended March 31, 2008 was $698,402 (or 53% of revenue) compared to $373,613 (or 41% of revenue) for the same period in 2007. Operating expenses for the period were $1,145,507 for the three-month period
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SOURCE International Isotopes Inc.
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