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

terms acceptable to us, or at all.

"Our core business segments faced significant challenges during 2012.  Economic conditions and market factors caused declines in the radiochemical and nuclear medicine segments and both contract and technical issues have hindered our cobalt sales over the past year.  We have completed significant manufacturing process improvements in our iodine-131 processes, executed a contract to purchase an AOS Type B (U) transportation container, are adding new products to the nuclear medicine segment, and are working to resolve corrective actions necessary to allow the resumption of cobalt shipments and irradiation.

"While some of those issues will continue to have a detrimental impact in 2013, I am confident that we will begin to see improvement in revenue and I expect a solid future of revenue growth in our core business as we realize the benefits of these process changes, new product introductions, and implementation of new designs for cobalt target production.  In addition, we plan to create and grow a new revenue area for the Company in 2013 dealing with radiological field services.  This type of work required an amendment to our NRC license for the Idaho operations and we received that amendment in 2012.  We already have several projects under contract for completion and I expect these services to begin to make a significant contribution to our revenue figures in 2013."International Isotopes Inc.Years Ended December 31,$%20122011ChangeChangeSales of Products

$
7,621,934$
9,462,012$ (1,840,078)-19%Gross Profit

$
2,651,901$
3,416,541$
(764,640)-22%Total Operating Expense

$
4,835,351$
,786,991$ (1,951,640)-29%Operating Loss Before Other Exp.

$   (2,183,450)$
(3,370,450)$   1,187,000-35%Other Expense

$
(98,649)$
(2,656,472)$   2,557,823-96%Net Loss

$   (2,240,810)$
(5,950
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SOURCE International Isotopes Inc
Copyright©2012 PR Newswire.
All rights reserved

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