One of the stocks that is likely to come into considerable focus among investors this morning is that of International Isotopes Inc (OTCMKTS:INIS) after it delivered gains of 8% on Monday.
Trading Data
On Monday, INIS stock went up 8% to $0.0948 with more than 36k shares, compared to its average Monday of 67k shares. The stock moved within a range of $0.0860 – 0.0948 after opening trade at $0.0860.
Key Details
In this regard, it ought to be noted that International Isotopes was in the news yesterday after it announced its financial results for the fiscal year that had ended on December 31, 2021. In this situation, it may be a good idea for investors to consider taking a look at some of the highlights from the financial results and then make up their minds.
The company managed to bring in total revenues to the tune of $9.6 million for the fiscal year and that worked out to a year on year rise of around 3% from the revenues of $9.3 million in the 2020 fiscal year. While that was a strong performance, International Isotopes also managed to reduce its losses substantially to $902347 from as much as $2.2 million in the 2020 fiscal year. At this point in time, it could be a good idea for investors to consider adding the stock to their watch lists and watch for further moves.
Key Quote
Steve Laflin, Chief Executive Officer of the Company, stated, “We continued to see an improvement in all of our business segments financial performance during the past year. The coronavirus (COVID-19) pandemic has continued to have a negative impact on our business sales in 2021, but in spite of that we still achieved the highest annual revenue for the Company in three years. We believe we will continue to see significant recovery of markets, patient treatment schedules, and our product sales in 2022. We will continue to promote sales of our sodium iodide product, and aggressively launch new products within the nuclear medicine standards business segment. The recent increase in the amount of cobalt available from the Department of Energy (DOE) will continue to facilitate further increases in our cobalt product sales in the coming year. We believe that the combination of improving market conditions, following the decline in COVID-19 cases, coupled with our growth projections for each of our business segments, should lead to excellent financial performance for the Company in 2022 and beyond.”
Technical Data
INIS stock is trading above the 20-Day and 50-Day Moving averages of $0.0926 and $0.0925 respectively. However, the stock is trading below the 200-Day moving average of $0.1022.
