IsoRay sales slip in fiscal Q2

AuntMinnie.com staff writers

Feb 16, 2009

Fewer medical centers ordering its Proxcelan seeds led to a dip in sales revenue for medical isotope developer IsoRay in its 2009 fiscal second quarter (end-December 31, 2008).

The Richland, WA-based medical isotope developer posted revenue of $1.3 million, down 25% from the $1.7 million reported in the second quarter of fiscal 2008. The company was able to reduce its net loss, however, improving from last year's second quarter loss of $2.8 million to a loss of $1.6 million in the 2009 fiscal second quarter.

Related Reading

IsoRay taps VP, November 24, 2008

Physician vacations affect IsoRay revenue in Q1, November 13, 2008

IsoRay's sales grow in fiscal 2008, August 20, 2008

IsoRay authorizes stock repurchase plan, June 3, 2008

IsoRay posts sales increase, net loss in Q3, May 14, 2008

Copyright © 2009 AuntMinnie.com

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