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International Isotopes Inc. Announces Third Quarter And Nine Months 2013 Financial Results
Date:11/15/2013

% for the nine months ended September 30, 2013.  The increase in net income for the three-month period, is attributable to the increase in sealed source sales and the significant decrease in fees paid to the U.S. Department of Energy ("DOE") for certain cobalt production activities.  The decrease in net income for the nine-month period was attributable to the reduced productivity resulting from the unavailability of cobalt material during most of this year due to technical issues with the cobalt target design.

Revenue from nuclear medicine products for the three months ended September 30, 2013 was $736,238, compared to $1,021,230 for the same period in 2012.  This represents a decrease in revenue of approximately 28%. Revenue from nuclear medicine products for the nine-month period ended September 30, 2013 was $2,455,987 compared to $3,223,359 for the same period in 2012, a decrease of approximately 24%.  The decline in revenue in this segment, for both the three and nine-month periods was largely attributable to the decrease in sales reported by our joint venture, TI Services, LLC.  TI Services, LLC sales for the three months ended September 30, 2013, were $333,548 as compared to $554,380, for the same period in 2012, a decrease of approximately 40%.  TI Services, LLC sales for the nine months ended September 30, 2013 were $1,148,860, compared to $1,857,678 for the same period in 2012, a decrease of approximately 38%.  The decrease in TI Services, LLC sales 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.  Despite the significant decline in revenue within this segment, cost controlling measures and production efficiencies have mostly sustained the segment's net income.  Net income for this segment for the three and nine-month periods ended September 30, 2013, decreased only about 3% and 1%,
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SOURCE International Isotopes Inc.
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