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

impact to our core business this year but we are now moving past those issues.  We have been able to resume cobalt shipments of targets for processing and sale beginning in October and this will permit resumption of cobalt product sales in the last quarter of 2013 and the first two quarters of 2014.  This should provide a significant boost to revenue in those periods and we are still making progress with the evaluations necessary to resume irradiation of our cobalt targets as well.  More information on our ability to resume those cobalt target irradiations should be available at year end.

"Perhaps the most positive sign of our improving business performance can be seen in reviewing our segment net income.  Total net income from all business segments improved from just $6,099 to $205,897 for the three-month period and from $42,783 to $362,974 for the nine-month period ended September 30, 2013 compared to the same periods in 2012.  For the three-month period this increase in net income was led by increases in radiochemical and cobalt product segments and for the nine-month period the increase was driven by radiochemical products and radiological services.  We expect to continue to improve our business segment net income performance in the last quarter of this year as well.

"The Company's other major initiative involves our proposal to operate the Paducah Gaseous Diffusion Plant (PGDP).  The Company is working with Advanced Process Technology Systems LLC (APTS) to form a joint venture and has submitted a proposal to the DOE under a Request For Offers solicitation process.  That proposal was provided to the DOE in August 2013 and the Company was invited to make an oral presentation and answer questions on the proposal in September 2013.  There is no indication that the DOE will accept or respond favorably to this proposal, however, the DOE expects to announce a decision by the end of November 2013.   There
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SOURCE International Isotopes Inc.
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