Jeremy L. Dillon
RW Monitor
5/16/2014
International Isotopes this week reported a net loss of $452,205 during the first quarter of 2014, an improvement compared to the $668,892 loss suffered in the first quarter of 2013. The company also reported an increase in revenue—$1.95 million in the first quarter of this year compared to $1.67 million for the same period in 2013. International Isotopes attributed the increase in revenue to to the performance of its cobalt products and radiological services segments. “We have been renewing our focus upon our long-standing core business segments,” President and CEO Steve Laflin said in a statement. “This includes working to improve production efficiencies and to create new business opportunities within those segments. The results of these efforts have been fairly successful and have led to positive cash flow produced by operating activities during the first quarter for the first time in the Company’s operating history.” He added, “While there can be no assurance that this positive cash flow from operations will continue, the Company will work towards that goal and towards continuing to improve revenue performance in all of our current business segments.”
International Isotopes has touted the expansion of its radiological services business segments during its last few investors’ calls. In the first quarter of this year, the segment reported revenue of $124,756, compared to $86,537 for the same period in 2013, an increase of approximately 44 percent. “Revenue in this segment is generated by gemstone processing and radiological service consulting work which is performed in conjunction with sealed source sales and expended source disposal services,” the company said. “The majority of the increased revenue within this segment was the result of increased field service activity.”
