Orders for its new treatment modalities boosted sales revenues for medical isotope developer IsoRay Medical of Richland, WA, in the second quarter of fiscal year 2010 (end-December 31).
Sales increased 3% to $1.4 million, compared with $1.3 million in the second quarter of fiscal 2009. Revenues during the quarter were primarily generated through the sales of Proxcelan cesium-131 seeds for the treatment of prostate cancer.
The company's net loss decreased 42% to $950,000 in the second quarter, compared with a net loss of $1.6 million in the same quarter a year ago.
For the six-month period, revenues remained steady at $2.8 million in fiscal year 2010, compared with $2.8 million in the first half of fiscal 2009. The company's net loss lessened to $1.8 million for the first six months of fiscal 2010, compared with a net loss of $3.4 million in the same period of fiscal 2009.
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