Radioisotope manufacturer International Isotopes saw its revenues and net loss increase in 2007.
Revenues increased 5% to $4.7 million last year, compared with $4.5 million in 2006. The Idaho Falls, ID, company also posted a net loss of $1.7 million in 2007, compared with a net loss of $1 million in 2006.
The greater loss was due in part to the escalating price of lead, increased manufacturing costs due to changes in production processes, and higher oil prices that adversely affected the cost of packaging product materials.
President and CEO Steve Laflin said the company's goals in 2008 include expanding its customer base, increasing revenues in every business segment, and continuing to reduce production and operating costs to achieve profitability.
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