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Article: First profitable quarter reported: $0.01 per share.
- Article from:
- Biotech Week
- Article date:
- July 3, 2002
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2002 JUL 3 - (NewsRx.com & NewsRx.net) -- International Isotopes, Inc., (INIS) announced financial results for the first quarter ended March 31, 2002.
For the 3 months ended March 31, 2002, International Isotopes, Inc., earned $30,941 or ($0.01) per share, compared with a net loss of $3,597,651 or ($0.33) per share for the same period in 2001. This represents the first profitable quarter reported by the company since inception in 1995. The company attributes the positive outcome of the first quarter results to increased revenues, which exceeded company predictions by 25%, and improved control of costs associated with products and operations. The $0.01 loss per ...