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International Isotopes Inc. Announces Second Quarter and Six Months 2009 Financial Results
Date:8/12/2009

Revenue From The Radiological Services Segments:

Revenue from radiological services segment for the three-month period ending June 30, 2009, was $154,600 compared to $166,548 for the same period in 2008; a decrease of $11,948 or 7%. Revenue from radiological services segment for the six-month period ending June 30, 2009, was $234,953 compared to $412,270 for the same period in 2008; a decrease of $177,317 or 43%. The decline in this segment's revenue was largely attributable to a decline in the volume of gemstone processing. Current economic conditions are having a negative impact upon the gemstone industry which directly affects this segment's performance.

Gross Profit: Gross profit for the three and six-month periods ended June 30, 2009, was $800,858 and $1,669,792 compared to $950,671 and $1,649,073 for the same periods in 2008. This represents a decrease of $149,813 or 16% for the three month period and an increase of $20,719 or less than 1% for the six months ended June 30, 2009.

Operating Expense: Operating expenses increased to $1,557,774 for the three-month period ended June 30, 2009, compared to $1,177,670 for the same period of 2008. This represents an increase of $380,104 or 32%. Operating costs have increased in the period comparisons due to increased research and development costs and consultant expense related to engineering design, and licensing efforts to support the planned depleted uranium de-conversion and fluorine extraction process facility. All of the expenses of the project are currently being expensed as opposed to capitalized. The bulk of this expense is attributable to the consulting services of a major subcontractor which prepared the Conceptual Design Report for that project and is also preparing the environmental report and Nuclear Regulatory Commission (NRC) license application. Salaries and contract labor expenses for the three month period ended June 3
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SOURCE International Isotopes Inc.
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