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

respectively, compared to the same periods in 2012.

Revenue from radiological services for the three months ended September 30, 2013 was $143,380, compared to $64,006 for the same period in 2012, an increase of approximately 124%.  Revenue for the nine-month period ended September 30, 2013 was $484,416 compared to $129,889 for the same period in 2012, and increase of approximately 273%. The majority of the increase in revenue within this segment is the result of increased field service activity.  Net income for the three months ended September 30, 2013 declined about 61% compared to the same period in 2012, however, net income for the nine-month period increased by about 161%.  The variability in revenue and net income in the period comparisons is attributable to the random nature of the field service work contracts.  We anticipate net income within this segment to continue to improve for the remainder of 2013 and beyond as much of the initial costs related to launching the field services work will diminish.

Overall Company gross profit for the three months ended September 30, 2013 was $623,942, compared to $626,507 for the same period in 2012.  This represents a decrease of less than 1%.  Cost of sales decreased to $1,056,754 for the three months ended September 30, 2013 from $1,166,976 for the same period in 2012, a decrease of approximately 9%.  Gross profit for the nine-month period ended September 30, 2013 was $1,991,574, compared to $1,954,200, for the same period in 2012, an increase of approximately 2%.

Operating expenses decreased to $951,452 for the three months ended September 30, 2013, from $1,187,554 for the same period in 2012.  This is a decrease of approximately 20%.  Operating expenses were $3,199,908 for the nine-month period ended September 30, 2013, compared to $3,658,817 for the same period in 2012.  This represents a decrease of approximately 13%.  The reductions in op
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SOURCE International Isotopes Inc.
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