International Isotopes Inc. Announces Year End Financi...(8%. Gross profit for 2007 was $2029807or...),Health

Date:3/28/2008

8%. Gross profit for 2007, was $2,029,807 or 43% as compared to $2,006,823 or 45% in 2006. The increase in cost of goods sold was attributable to the rapidly escalating price of lead, increased manufacturing costs due some changes in manufacturing processes, and increases in oil prices which have impacted packaging product materials. We have several measures in place to compensate for these increased expenses in the coming year.

Total operating costs and expenses for 2007, were $3,645,549 as compared to $2,871,295 in 2006, an increase of $774,254 or 27%. The increase was equally attributable to four contributing factors namely, FEP production supplies and equipment depreciation; wages attributable to the cost of stock options; increased legal and auditing services related to our private placement as well as other corporate actions, and costs associated with the Phase I research and development grant from the National Science Foundation.

Net Loss was $1,719,055 in 2007 compared to a net loss of $1,037,312 in 2006. The $681,743 increase in net loss was attributable to the factors discussed above.

Steve Laflin, President and CEO said, "We made several significant advances in our business in 2007. The following is a list of some of the more significant accomplishments.

-- "We increased revenues in our major business segments and continued to

diversify our customer base.

-- "We completed a private placement with Firebird Global Master Fund II,

Ltd. affiliated with New York-based Firebird Management LLC, which has

made considerable investments in the areas of uranium, fluorine, and

germanium. This investment provides us with a stronger financial

platform from which we can further develop our products and future

business potential associated with FEP.

-- "We acquired a 6% ownership position in RadQual, a major customer that

represents sales totaling 58% of our
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SOURCE International Isotopes Inc. Copyright©2008 PR Newswire. All rights reserved

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