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

f the increase in gross profit discussed previously, as well as a reduction of overall operating costs and expenses. Our net loss for the six-month period ended June 30, 2013, was $1,068,102 as compared to $1,105,379 for the same period in 2012.  This is a decrease in net loss of $37,277, or approximately 3%.  This small decrease in net loss was the result of our increased gross profit coupled with decreased operating expenses.

Steve T. Laflin, President and CEO of the Company said, "While we continue to see a small decline in revenue for the first six-months compared to 2012 it appears that most of our business segments are beginning to improve.  Radiochemical sales have again returned to their historical growth rate and nuclear medicine products are beginning to improve.  While the sealed source business continues to reflect the adverse impact of the interruption to our cobalt production activities in the DOE's Idaho reactor, we are making progress in the resolution of technical issues that we believe will allow us to resume shipment of raw material cobalt and source fabrication in the fourth quarter this year.  We believe that we are also making progress on identifying alternative sources of cobalt supply and will continue to take steps to restore revenue performance in this business segment."

"Certainly the best performing business segment for the Company this year is our Radiological Services segment.  The significant growth in revenue in this segment is driven by increased contract field service activity.  This is primarily source recovery work for the DOE.  Additional field service contract opportunities are expected for the remainder of the year and we are also working to improve our field equipment capabilities that we expect will expand the field service business opportunities."

"In April 2013, we made a joint announcement with Advanced Proce
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SOURCE International Isotopes Inc.
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