Radiation therapy firm North American Scientific of Chatsworth, CA, has filed a 10-Q form for its first fiscal quarter of 2005 (end-January 31), bringing the firm back into compliance with Nasdaq listing requirements.
For the period, the company reported revenues of $8.2 million, up 141% compared with $3.4 million in sales in the first period of 2004. The increase was driven by the addition of sales from Nomos, which North American Scientific acquired in May 2004.
The company's net loss for the quarter was $3.6 million, compared with a net loss of $3.9 million in the same period a year ago. Not including the company's discontinued Theseus subsidiary, the firm had a $2.4 million net loss from continuing operations in the year-ago quarter. North American Scientific said the higher continuing-operations net loss was due to losses in the image-guided radiation therapy business it acquired when it bought Nomos.
By AuntMinnie.com staff writers
April 18, 2005
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