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International Isotopes Inc. Announces First Quarter 2013 Financial Results
Date:5/15/2013

IDAHO FALLS, Idaho, May 15, 2013 /PRNewswire/ -- International Isotopes Inc. (OTC Bulletin Board: INIS) announces financial results for the first quarter ended March 31, 2013. 

Revenue for the three months ended March 31, 2013 was $1,672,789, as compared to $1,949,343 for the same period in 2012, an overall decrease of approximately 14%.  The Company's business segments reported mixed results for the first quarter.

Revenue from the sale of radiochemical products for the three months ended March 31, 2013 was $440,020, compared to $381,916 for the same period in 2012, an increase of approximately 15%.  Sales of radiochemical product had been declining through the first three quarters of 2012 but sales began to improve in the fourth quarter of 2012 and that trend continued into the first quarter of 2013.

Revenue from nuclear medicine standard products for the three months ended March 31, 2013 was $908,266, compared to $1,128,005 for the same period in 2012.  This represents a decrease of approximately 19%.  The decrease is primarily due to decreased paper product sales used in nuclear medicine imaging and sold by our joint venture, TI Services, LLC, as a result of clinics shifting towards maintaining electronic records and the overall continuing decline in the number of operating nuclear medicine clinics.  This decline is partially offset by an increase in miscellaneous source sales within the segment.  The Company expects to launch some new products within this business segment later in 2013 and through TI Services, LLC, and is optimistic the introduction of these products will boost sales within this segment.

Revenue from the sale of cobalt products for the three months ended March 31, 2013 was $191,266, compared to $349,332 for the same period in 2012, a decrease of approximately 45%.  Sal
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SOURCE International Isotopes Inc
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