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International Isotopes Inc. Announces Second Quarter and Six Months 2013 Financial Results
Date:8/15/2013

r revenue in this segment.  These sealed source sales depend on our ability to produce cobalt target material in the U.S. Department of Energy's (DOE) Advanced Test Reactor and we have not been able to obtain high specific activity material from the reactor to meet customer's pending orders due to circumstances primarily outside of our control. We are working with the DOE and its operating subcontractor to resolve technical issues that would enable us to resume cobalt production during the fourth quarter of 2013.

Revenue from nuclear medicine products for the three months ended June 30, 2013 was $811,483, compared to $1,074,124 for the same period in 2012.  This represents a decrease in revenue of $262,641, or approximately 24%.  Revenue from nuclear medicine products for the six-month period ended June 30, 2013 was $1,719,749 compared to $2,202,129 for the same period in 2012.  This represents a decrease in revenue of $482,380, or approximately 22%.  The decline in revenue in this segment for the three and six month period is largely attributable to the decrease in sales reported by our joint venture, TI Services, LLC, which 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. 

Revenue from radiological services for the three months ended June 30, 2013 was $254,499, compared to $40,593 for the same period in 2012, an increase of $213,906, or approximately 527%.  The radiological services segment reported revenue of $341,036 for the six-month period ended June 30, 2013 and $65,883 for the same period in 2012.  This is an increase of $275,153, or approximately 418%.  Revenue from field service work performed in connection with the DOE's Orphan Source Recovery Program has accounted for the majority of the revenue change within this segment.

Gross profit for the three months ended Ju
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SOURCE International Isotopes Inc.
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