Radioisotope manufacturer International Isotopes reported second-quarter sales of $467,000, down 40.5% compared with the $785,000 booked in the second quarter of 2003. For the quarter (end-June 30), the Idaho Falls, ID-based vendor had a net loss of $340,000, compared with a net loss of $75,000 a year ago.
President and CEO Steve Laflin attributed the increase in net loss to expenses related to the launch of new products such as its fluorine extraction process. He said the company expects to increase sales, reduce cost of goods sold, and make additional investments in new product development during the remainder of 2004.
By AuntMinnie.com staff writers
August 16, 2004
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