Sales growth in three business segments propelled 2009 revenues for radioisotope manufacturer International Isotopes of Idaho Falls, ID, but not enough to avoid a deeper net loss (end-December 31).
Total revenue increased to $6.1 million, a gain of 9% from $5.6 million in 2008. The company's net loss for 2009, however, also increased to $4.6 million, compared with a net loss of $2.2 million in 2008.
The company attributed the increased loss to expenses for its proposed uranium deconversion and fluorine extraction facility and the write-down of cobalt inventory.
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International Isotopes raises $3 million, February 25, 2010
International Isotopes files permit with NRC, January 5, 2010
International Isotopes inks deal with New Mexico, October 28, 2009
International Isotopes revenues, net loss grow, March 28, 2008
International Isotopes taps COO, January 15, 2008
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