Radioisotope manufacturer International Isotopes experienced a slight decline in sales in its first quarter (end-March 31), although gross profit increased over the prior year's quarter.
Revenue for the first quarter was $1.94 million, compared with $1.95 million for the same period in 2014. The company's net loss narrowed to $172,000, compared with $452,000 in the same period last year.
In the company's nuclear medicine segment, revenue was $870,000, compared with $814,000 for the same period in 2014. Revenue included sales from TI Services, a fifty-fifty joint venture formed with RadQual in December 2010 to distribute products and services for nuclear medicine, nuclear cardiology, and PET imaging.
Revenue from the company's radiological services was $355,000 for the quarter, compared with $125,000 for the same quarter in 2014, an increase of approximately 184%.
