INISOTCIndustrial Instruments For Measurement, Display, and ControlUS GAAP · USD

Radnostix Inc

RADNOSTIX INC is part of a U.S.-based nuclear medicine and isotope business that manufactures calibration and reference standards, radiochemical products, and cobalt-based source products. Its operations span medical, industrial, and research applications, with products distributed in the United States and internationally through company facilities and subsidiaries.

Revenue13.1m USD
−6.0 %y/y
Operating profit (EBIT)-1.0m USD
−13,955.8 %y/y
EBIT margin-7.3%
−7.4 ppy/y
Net income-0.9m USD
−10,690.2 %y/y
Free cash flow0.1m USD
+204.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-5051015m USD2020: 9.4 m USD2020: EBIT -0.42 m USD20202021: 9.7 m USD2021: EBIT -0.68 m USD20212022: 11 m USD2022: EBIT -1.2 m USD20222023: 12 m USD2023: EBIT -0.78 m USD20232024: 14 m USD2024: EBIT 0.01 m USD20242025: 13 m USD2025: EBIT -0.96 m USD202513-0.96
RevenueOperating profit (EBIT)

Business

Share of revenue
Theranostics Products45 %

Radiopharmaceuticals, APIs, and radiochemicals used in medical, industrial, and research settings.

Cobalt Products25 %

Bulk cobalt-60, sealed sources, capsule fabrication, and source recycling services.

Nuclear Medicine Standards20 %

Calibration and reference standards and related quality-control products for imaging workflows.

Molecular Imaging Devices10 %

Quality-control and calibration devices sold through RadQual and related channels.

Customers

Customers include medical device makers, radiopharmaceutical developers, hospitals and imaging centers, and research organizations that need isotope-based materials or calibration products. The company also serves industrial users that incorporate cobalt products into radiation therapy or other specialized applications. Buyers are typically seeking regulated, specialized inputs that are difficult to source domestically or require precise specifications.

Radiopharmaceutical developers

Buy isotopically pure radiopharmaceuticals, APIs, and radiochemicals for therapy and imaging products.

Medical imaging and nuclear medicine users

Buy calibration and reference standards plus QC devices to validate imaging systems and workflows.

Radiation therapy and industrial source users

Buy cobalt-60 products and sealed sources for therapy, industrial, and medical applications.

Research and clinical trial organizations

Buy radioisotopes for clinical trials and research programs that later feed approved products.

Strategy

The company is focused on specialized isotope and cobalt products where regulatory capability, licensing, and supply reliability create barriers to entry. It is also building a stronger role in theranostics and radiopharmaceutical supply by offering customized products and domestic alternatives to imported sources. Maintaining access to reactor-based feedstock and distributor relationships is central to preserving its market position.

Strengthen theranostics and radiochemical offeringsMedium term

These products sit in a growing medical isotope market and require specialized capabilities.

Protect isotope supply continuityShort term

The business depends on just-in-time radioisotope inputs that cannot be stockpiled easily.

Defend niche domestic manufacturing positionsMedium term

Domestic production and unique licensing can differentiate the company from foreign suppliers.

Geography

Q3/2024

The company is based in the United States and can ship products to all 50 states, while also serving international customers. Its isotope and cobalt supply chain is tied to specialized U.S. facilities and reactors, which makes domestic sourcing and logistics central to operations. The business also includes a China joint venture within its theranostics activities, adding an international operating element.

United States90 %
Other countries (US filing)9.6 %

Share of the revenue the company reports by geography.

Risks

The business is exposed to supply-chain disruption because radioisotopes are sourced through specialized reactors and logistics networks that cannot be easily buffered with inventory. It also faces regulatory, distributor, and customer-concentration risk because its products are highly specialized and often tied to FDA, NRC, and DOE requirements. Broader industry risks include raw-material inflation, energy costs, and the possibility that alternative suppliers or reactor outages interrupt sales.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Radioisotope supply interruption1Regulatory and licensing dependence2Input cost inflation3Distributor and channel disruption4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Radioisotope supply interruptionImpact: HighLikelihood: High

    The company relies on just-in-time inputs from specialized reactors and suppliers.

    ExposureTheranostics ProductsCobalt ProductsCalibration & Reference Products
  2. Regulatory and licensing dependenceImpact: HighLikelihood: High

    Operations depend on NRC, FDA, DOE, and transport approvals for production and shipment.

    Exposure: All isotope-related segments

  3. Input cost inflationImpact: MediumLikelihood: Medium

    Raw materials, utilities, energy, and infrastructure costs are not fully controllable.

    Exposure: Manufacturing and logistics

  4. Distributor and channel disruptionImpact: MediumLikelihood: Low

    Loss of territorial distributors could reduce access to end customers.

    Exposure: International and regional sales

Accounting

Judgemental items
Revenue timing for specialized product shipments

Orders may be recognized when shipped or delivered, creating quarterly volatility.

Impact: Affects reported sales and comparability across periods

Fluorine Products asset sale accounting

Disposal of non-core assets can create gains, cash proceeds, and liability reductions.

Impact: Can materially affect income statement and balance sheet

Promissory note and accrued interest accounting

Acquisition-related notes require principal and interest tracking over time.

Impact: Affects debt balance and interest expense

Impairment and disposal of specialized assets

Niche facilities and equipment may lose value if projects are paused or exited.

Impact: Could trigger write-downs or gains/losses on sale

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Radnostix Inc (OTC) – Industrial Instruments For Measurement, | Financial Analysis – Clarifo