IsoRay, Inc.

(AMEX:ISR)

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Operating revenue
Total Revenue	1,520	1,761	1,784	1,758
Operating Revenue	1,520	1,761	1,784	1,758
Adjustments To Revenue	—	—	—	—
Cost Of Sales	1,145	1,085	1,475	1,892
Cost Of Sales With Depreciation	1,448	1,380	1,683	2,242
Gross Operating Profit	375	676	308	-133
Operating Expenses
Research And Development Expenses	219	272	434	396
Selling General And Administrative Expenses	1,511	1,511	1,758	2,062
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	-1,355	-1,107	-1,884	-2,591
Operating Income	-1,658	-1,402	-2,092	-2,941
Depreciation	303	295	208	350
Depreciation Unreconciled	—	—	—	—
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	-1,658	-1,402	-2,092	-2,941
Non Operating Expenses
Interest Expense	21	15	23	25
Pre Tax Income	-1,794	-1,441	-2,170	-2,786
Income Taxes	—	—	—	—
Minority Interest	—	—	—	—
Income Before Income Taxes	—	—	—	—
Net Income From Continuing Operations	-1,794	-1,441	-2,170	-2,786
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	-1,794	-1,441	-2,170	-2,786
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	-1,794	-1,441	-2,170	-2,786
Normalized Income	-1,634	-1,441	-2,170	-2,786
NetIncome Available For Common	-1,794	-1,441	-2,170	-2,786
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—

	Jun 30, 2008	Jun 30, 2007	Dec 31, 2006	Jun 30, 2006
Operating revenue
Total Revenue	7,159	5,738	156,013	1,994
Operating Revenue	7,159	5,738	156,013	1,994
Adjustments To Revenue	—	—	—	—
Cost Of Sales	6,249	5,077	124,338	3,160
Cost Of Sales With Depreciation	7,310	5,793	125,516	3,815
Gross Operating Profit	909	661	31,675	-1,165
Operating Expenses
Research And Development Expenses	1,358	1,345	—	450
Selling General And Administrative Expenses	7,293	8,300	28,710	4,924
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	-7,742	-8,985	2,965	-6,540
Operating Income	-8,803	-9,700	1,787	-7,195
Depreciation	1,061	715	1,178	655
Depreciation Unreconciled	—	—	—	—
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	-8,803	-9,700	1,787	-7,195
Non Operating Expenses
Interest Expense	93	312	273	689
Pre Tax Income	-8,558	-9,605	1,555	-8,218
Income Taxes	—	—	44	—
Minority Interest	—	—	—	—
Income Before Income Taxes	—	—	1,555	-8,218
Net Income From Continuing Operations	-8,558	-9,605	1,511	-8,218
Net Income From Discontinued Operations	—	—	-316	—
Net Income From Total Operations	-8,558	-9,605	1,195	-8,218
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	-8,558	-9,605	1,195	-8,218
Normalized Income	-8,558	-9,605	1,511	-8,218
NetIncome Available For Common	-8,558	-9,605	1,511	-8,218
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—