Radiation therapy firm North American Scientific reported fiscal 2005 fourth-quarter revenue of $6.9 million, down 30% compared with the $9.8 million posted a year ago. For the period (end-October 31), the Chatsworth, CA-based firm had a net loss of $44.5 million, compared with a net loss of $7.5 million last year.
Fourth-quarter results were impacted by delays in new product introductions and international registrations, said president and CEO Michael Cutrer.
For the year, NAS had revenues of approximately $32.2 million, up 30% compared with fiscal 2004 revenues of $24.7 million. The company had a net loss of $55.5 million, compared with a net loss of $36.3 million a year ago.
Cutrer said that fiscal 2005 was challenging for the firm as it integrated Nomos and realigned its organization to capitalize on future growth opportunities.
By AuntMinnie.com staff writers
January 10, 2006
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