International Isotopes posted another quarterly net loss for the second quarter of 2015, although its performance improved from the same period of last year, the company announced yesterday. International Isotopes reported a net loss of $447,492 in the second quarter, compared to $528,298 for second-quarter 2014. Revenue for the three months ended June 30, 2015, was $1,580,376, a 13 percent drop from $1,808,581 for the same period in 2014, according to the cobalt-60 product and radiological field services specialist.
According to International Isotopes President and CEO Steve Laflin, the quarter results were greatly affected by an interruption in cobalt production and field service activity fluctuations. “I believe we are continuing on a good path towards profitability,” Laflin said in a statement. “The interruption in cobalt production from 2012 continues to impact our cobalt segment’s revenue performance. However, with a new production contract in place with the Department of Energy and several new commercial sales contracts in place with our customers, we believe that we are on track for improved revenue performance in future years.” He added, “While the rate of field service activities has caused fluctuations in the period comparisons within the radiological services segment, I remain optimistic that a growing number of significant, contract opportunities still exist.”
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