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INTERNATIONAL ISOTOPES INC. ANNOUNCES FISCAL RESULTS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2024

Theranostics Sales increased 25% in the Second Quarter, and 16% for the Six Months Ended June 30, 2024 Gross Profit improved to 64%, a 7% increase, for the Six Months Ended June 30, 2024 Net Cash Provided from Operations of $288,597 for the Six Months Ended June 30, 2024 IDAHO FALLS, Idaho, Aug. 15, 2024 /PRNewswire/ -- International Isotopes Inc. (OTCQB:INIS) (the "Company" or "INIS") announces its financial results for the three- and six-month periods ended June 30, 2024. Revenue for the three months ended June 30, 2024, was $3,169,233 as compared to $3,112,165 for the same period in 2023, an overall increase of $57,068, or approximately 2%.  This increase in revenue for the three-month period was the result of increased revenues in our Theranostics Products and Cobalt Products partially offset by decreased revenue in our Nuclear Medicine Standards segment due to a global shortage of Cobalt-57 isotope during the periods. Revenue for the six months ended June 30, 2024, was $6,073,691 as compared to $6,201,700 for the same period in 2023, an overall decrease of $128,009, or approximately 2%. This decrease in revenue was the result of decreased revenue in our Nuclear Medicine Standards segment due to a global shortage of Cobalt-57 isotope partially offset by increased revenues in our Theranostics Products and Cobalt Products, as discussed in more detail below. The Company's net income for the three months ended June 30, 2024, was a loss of $233,445, which was an increase of net income of $29,857 compared to a net income loss of $263,302 for the same period in 2023. This improvement of net income is largely the result of the increased revenue in our Theranostics Products and Cobalt Products segments and increased gross profit percentages partially offset by decrease in revenue in our Nuclear Medicine Standards Products segment for the three months ended June 30, 2024, as compared to the same period in 2023. The Company's net income for the six months ended June 30, 2024 was a loss of $387,496, which was an increase of net income of $23,860 compared to net loss of $411,356 for the same period in 2023. This improvement of net income is largely the result of increased revenue in our Theranostics Products and Cobalt Products segments and increased gross profit percentages partially offset by the decrease in revenue in our Nuclear Medicine Standards Products segment for the six months ended June 30, 2024, as compared to the same period in 2023. Our net loss. On June 30, 2024, we had cash and cash equivalents of approximately $2.2 million as compared to approximately $2.7 million on December 31, 2023. For the six months ended June 30, 2024, net cash provided by operating activities was $288,597 and for the six months ended June 30, 2023, net cash provided in operating activities was $1,000,448. The decrease in cash provided by operating activities was a result of a one-time receipt of a tax refund receivable in 2023. This decrease in cash and cash equivalents at period end is mainly due to a $484,000 transfer from cash and cash equivalents to restricted cash to fund an increase to our decommissioning funding plan. Total cash, cash equivalents, and restricted cash increased by $18,638 for the six months ended June 30, 2024  The following provides a summary of our current business segment performance for the three-and six-month periods ended June 30, 2023: Theranostics Products Revenue from the sale of Theranostics Products for the six months ended June 30, 2024, was $4,074,213, compared to $3,498,439 for the same period in 2023. This is an increase of $575,774, or approximately 16% . Revenue from the sale of theranostics products for the three months ended June 30, 2024, was $2,169,131, compared to $1,736,043 for the same period in 2023. This is an increase of $433,088, or approximately 25%. The increase in both periods was primarily the result of continued growth in demand for our radiopharmaceutical product (generic sodium iodide I-131).  Our sodium iodide radiopharmaceutical drug is used to treat thyroid cancer and diseases, and we are currently the only domestic manufacturer of this important theranostic radiopharmaceutical drug product. We expect continued growth for our Theranostics Products segment ...