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

ne 30, 2013 was $788,112, compared to $656,953 for the same period in 2012.  This represents an increase of $131,159, or approximately 20%, and is the result of a decrease in cost of sales in four of our six business segments.  Gross profit for the six-month period ended June 30, 2013 was $1,367,632, compared to $1,327,693, for the same period in 2012.  This represents an increase of $39,939, or approximately 3%.

Operating expenses decreased to $1,081,655 for the three months ended June 30, 2013, from $1,194,329 for the same period in 2012.  This decrease of $112,674, or approximately 9%, is the result of overall operating expense reductions as a result of management's continued efforts to reduce discretionary costs where possible and secure beneficial pricing on general operating purchases. Operating expenses were $2,248,456 for the six-month period ended June 30, 2013, compared to $2,471,264 for the same period in 2012.  This represents a decrease of $222,808 or approximately 9%.
This decrease is largely attributable to reduced spending on research and development costs for the planning and construction of the de-conversion facility we plan to construct in New Mexico. 

Research and development expense incurred, with regard to the planning and construction of the proposed de-conversion facility we plan to build in New Mexico, decreased by approximately 24%, to $210,850 for the three months ended June 30, 2013, from $279,073, for the same period in 2012.  This $68,223 reduction in expenditures is the result of current limited funding available to invest in the project; however, if and when funds do become available, we expect to increase our investment in this area.

Our net loss for the three months ended June 30, 2013 was $399,210, compared to $515,132 for the same period in 2012.  This is a decrease in net loss of $115,922, or approximately 23%, and is primarily the result o
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SOURCE International Isotopes Inc.
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