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International Isotopes Inc. Announces 2010 Year End Financial Results
Date:4/4/2011

from the fluorine products segment for 2010.  Revenue from the fluorine products segment for 2009 was $878, which was the sale of an initial qualification lot of material to a prospective customer during the first quarter of 2009. We are developing our fluorine products in conjunction with uranium de-conversion, in order to take advantage of the anticipated need for depleted uranium de-conversion services.  Our Fluorine Extraction Process patents provide a unique opportunity to provide certain high-purity fluoride compounds while also offering a "for fee" de-conversion service to the uranium enrichment industry.

Transportation

Revenue from our Transportation segment accounted for approximately 3% of our total revenue in 2010. Sales in this segment decreased by approximately 16% to $157,016 in 2010, as compared to $186,335 in 2009. There are numerous regulations that apply to, and agencies that monitor, the security and tracking of cobalt shipments and our Transportation segment specializes in the transport of hazardous, radioactive materials including large quantity cobalt shipments. We believe that once the Type B shipping containers are approved by the Nuclear Regulatory Commission and become available, sales in this segment should significantly improve. Aside from revenue from "for hire" transportation service our transportation segment continues to provide significant cost savings for us over the cost of purchasing third party transportation services for our cobalt products.

Cost of Revenue and Gross Profit Cost of revenue for 2010 was $3,619,759, as compared to $4,073,761 in 2009, a reported decrease of $454,002, or approximately 11%.  Gross profit increased 22% overall to 41% in 2010, from 33% in 2009.  However, in 2009 we reported a cobalt inventory write-down in the amount of $740,719 that was charged to cobalt products cost of sales.

Operating Costs and ExpensesTotal operating costs and exp
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SOURCE International Isotopes Inc.
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