IsoRay sales triple in fiscal Q1

AuntMinnie.com staff writers

Nov 14, 2006

Medical isotope developer IsoRay of Richland, WA, saw revenues more than triple in the first quarter of the company's 2007 fiscal year, although the company's operating loss for the period grew as well.

For the quarter (end-September 30), IsoRay reported sales of $1 million, up 386% compared with sales of $211,000 in the first quarter of fiscal 2006. The company's operating loss for the quarter was $2.9 million, compared with an operating loss of $2 million in the corresponding quarter the year before.

The operating loss for the most recent quarter included a charge of $781,000 due to a change in accounting rules, and $288,000 in a one-time severance expense.

By AuntMinnie.com staff writers
November 15, 2006

Related Reading

IsoRay reaches seed century mark, October 17, 2006

IsoRay promotes Hunt to CFO, raises seed prices, September 12, 2006

IsoRay revenues surge, loss widens in 2006, September 6, 2006

IsoRay raises $5 million, August 18, 2006

IsoRay begins cesium-131 production testing, July 7, 2006

Copyright © 2006 AuntMinnie.com

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