Radioisotope manufacturer International Isotopes of Idaho Falls, ID, reported sales of $743,325, more than doubling the revenue of $359,601 posted in the comparable quarter one year ago.
For the period (end-March 31), the loss from continuing operations was $161,487, a 32% performance improvement compared with the loss of $240,264 for the same period in 2003.
According to the firm, the increase in revenue was largely attributable to a single cobalt sale made during the period and which had been delayed from the fourth quarter of 2003. The company said it continues to see strong growth in the sales of its other products, and that it expects that sales of its Iodine-131 radiochemical, which began in March, are expected to be a significant contributor to revenue for the remainder of the year.
By AuntMinnie.com staff writersMay 6, 2004
Related Reading
Year-end revenue dips at International Isotopes, March 30, 2004
International Isotopes debuts iodine-131, March 22, 2004
International Isotopes increases Q3 revenues, but loss also rises, November 6, 2003
International Isotopes raises $1.3 million, September 16, 2003
International Isotopes to launch lutetium-177, August 26, 2003
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