Revenue Increase 30% to $ 1.6 Million - Continued Increases In Nearly All Business Segments
IDAHO FALLS, Idaho, May 19 /PRNewswire-FirstCall/ -- International Isotopes Inc. (OTC Bulletin Board: INIS) announces financial results for the first quarter ending March 31, 2009.
Revenue for the three-month period ended March 31, 2009, were $1,699,670 as compared to $1,307,938 for the same period in 2008, an increase of $391,732, or 30%. The increase in total revenue for the three-month period was attributable to strong performance in cobalt, nuclear medicine, and radiochemical product business segments. Since the timing of large bulk cobalt product sales during the course of the calendar year has a significant impact upon period comparisons, management believes that excluding sales of bulk cobalt product from the period comparisons of revenues provides useful information to investors.
Excluding bulk cobalt sales, revenue for the three-month period ended March 31, 2009, were $1,205,009 as compared to $1,307,938 in 2008, which represents a decrease of 7.9%. Please refer to the following tables for a further analysis of this measure:
Three-Month Financial Measure Reconciliation Period ended March 31, 2009 Period ended March 31, 2008 Total Revenues $1,699,670 $1,307,938 Bulk Cobalt Products Revenues $494,661 $0 Total Revenues Excluding Bulk Cobalt Products Revenues $1,205,009 $1,307,938
Revenue from the sale of radiochemical products for the three-month period ending March 31, 2009, were $348,771 compared to $318,408 for the same period in 2008. This represents an increase in revenue of $30,363, or about 10%. Increases in the segment performance are attributable
|SOURCE International Isotopes Inc.|
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