NAS posts record revenues, but loss widens

Radiation therapy firm North American Scientific reported record fiscal fourth-quarter net sales of $9.8 million, up 172.2% compared with the $3.6 million booked in the fourth quarter of 2003.

For the period (end-October 31), the Chatsworth, CA-based firm had a net loss of $7 million (including a $2 million charge from its discontinued Theseus operations), compared with a net loss of $3.2 million a year ago. NAS attributed the increase in net loss primarily due to its acquisition of Nomos.

For the year, the firm had record net sales of $24.7 million, up 68% compared with the $14.7 million notched in 2003. NAS had a fiscal 2004 net loss of $36.3 million (including $10.2 million in acquisition-related expenses and $12.5 million from discontinued Theseus operations), compared with a net loss of $9.4 million in 2003. The increase in both net sales and net losses was attributed to the Nomos acquisition.

By AuntMinnie.com staff writers
March 14, 2005

Related Reading

California install for Nomos, January 11, 2005

Nomos debuts real-time dose adjustment, September 28, 2004

North American Scientific posts mixed Q3, September 22, 2004

NAS to shutter Theseus, August 30, 2004

Elekta, NAS team up, August 18, 2004

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