International Isotopes Inc. (INIS) Reports Small Loss in First Quarter of 2010
International Isotopes Inc. reported a net loss of $1.2 million in the first quarter of 2010, which ended 3/31/2010. The company lost $0.60 million in the same quarter in 2009. International Isotopes Inc. attributed the higher net loss to increased expenditures on research and development expenses, and higher manufacturing expenses related to the conversion of facilities to other uses. International Isotopes Inc. reported that revenue in the first quarter of 2010 was $1.3 million, a 35% decline from the same quarter in 2009. The management of International Isotopes Inc. noted that a supply disruption in its nuclear medicine business segment…