IDAHO FALLS, Idaho, Nov. 12 /PRNewswire-FirstCall/ -- International Isotopes Inc. (OTC Bulletin Board: INIS) announces financial results for the third quarter and nine months ending September 30, 2007.
REVENUE: Revenue for the three and nine-month periods ended September 30, 2007, was $1,486,112 and $3,592,049 respectively, as compared to $1,458,260 and $3,641,098 for the same periods in 2006. These numbers represent an increase of 2% for the three-month period and a decrease of 1% for the nine- month period comparisons. Excluding Cobalt Product sales, revenue for the three-month period ended September 30, 2007, was $877,738 as compared to $795,816 for the same period in 2006, which represents an increase of 10%. Excluding Cobalt Product sales, revenue for the nine-month period ended September 30, 2007, was $2,769,635 as compared to $2,497,024 for the same period in 2006, which represents an increase of 11%. Because of the significant impact of the timing of cobalt product sales, management believes that excluding sales of cobalt products from the period comparisons of revenues provides useful information to investors and may provide a more accurate projection of the actual revenue growth trends of the Company. Please refer to the tables below for a further analysis of this measure.
Three-Month Financial Measure Reconciliation
Period ended Sept 30, 2006 Period ended Sept 30, 2007
Total Revenue $1,458,260 $1,486,112
Cobalt Products Revenue $662,444 $608,374
Total Revenues Excluding
Cobalt Products Revenue $795,816 $877,738
Nine-Month Financial Measure Reconciliation
Period ended Sept 30, 2006 Period ended Sept 30, 2007
Total Revenue $3,641,098 $3,592,049
Cobalt Products Revenue $1,144,074 $822,414
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