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International Isotopes Inc. Announces 2012 Year End Financial Results
Date:3/28/2013

s is largely attributable to a drop in sales of paper products used in nuclear medicine imaging which is the result of clinics shifting towards maintaining electronic records. The Company is working closely with RadQual, LLC, its partner in the TI Services, LLC joint venture, to develop new products to market through TI Services, LLC and to make further cuts in operating expense.

Revenue from the Radiological Services segment accounted for approximately 2% of total sales revenue in both 2012 and 2011.  Sales in this segment decreased by $50,760, or approximately 22%, from $228,631 in 2011, to $177,871 in 2012.  Sales of radiochemical products accounted for approximately 22% of the Company total sales revenue in 2012 and decreased by $134,643, or approximately 7% to $1,677,291, as compared to $1,811,935 in 2011.  Revenue from the Transportation segment accounted for approximately 3% of total revenues in 2012 and 2011.  Sales in this segment decreased by approximately 21% to $227,932 in 2012, as compared to $286,923 in 2011. The decline in revenue in these segments was attributed to adverse market conditions, impacts related to delays in cobalt production, and the lack of appropriate transportation containers in 2012.  The Company expects improving market conditions, the availability of the new AOS-100 shipping container, and resolution of cobalt production issues to improve the performance of these business segments in 2013.

There was no revenue to report from the Fluorine Products segment for 2012 or 2011.  The Company is developing its fluoride products in conjunction with uranium de-conversion, in order to take advantage of the anticipated need for depleted uranium de-conversion services project.  During 2012, the Company incurred $1,050,995 of planning and other expenses related to the de-conversion project, as compared to $4,428,799 in 2011.  This decrease of approximately $3,378,000 is the result of reduced
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SOURCE International Isotopes Inc
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