IDAHO FALLS, Idaho, Aug. 12 /PRNewswire-FirstCall/ -- International Isotopes Inc. (OTC Bulletin Board: INIS) announces financial results for the second quarter and six-months ending June 30, 2009.
Revenue: Revenue for the three and six-month period ended June 30, 2009, was $1,485,599 and $3,185,269 as compared to $1,876,042 and $3,183,980 for the same periods in 2008, a decrease of $390,443, or 21%, and an increase of $1,289, or less than 1% respectively. The decrease in total revenue for the three-month period was attributable to normal variations in the sale of bulk cobalt while the small increase in revenue for the six-month period is indicative of the steady state of most business segments this fiscal year.
Revenue from the Sale of Cobalt Products
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 adjusting revenue by excluding sales of bulk cobalt product from the period comparisons provides useful information to investors.
There was no bulk cobalt sales during the three-month period ended June 30, 2009. Therefore, excluding bulk cobalt sales, revenue for the three-month period ended June 30, 2009, were $1,485,599 as compared to $1,387,786 in 2008, which represents an increase in adjusted revenue of 7%. Excluding bulk cobalt sales, revenue for the six-month period ended June 30, 2009 were $2,690,608 as compared to $2,695,724 in 2008, a decrease of less than 1%.
Please refer to the following tables for a financial reconciliation of adjusted total revenues:
Three-Month Financial Reconciliation
Period ended Period ended June 30, 2009 June 30, 2008
|SOURCE International Isotopes Inc.|
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