North American Scientific Reports $3.6 Million First Quarter Net Loss

North American Scientific announced its financial results and the filing of its Form 10-Q for its first fiscal quarter ended January 31, bringing the company is compliance with the Nasdaq SEC filing requirements. On March 25, North American Scientific received a notice from the Nasdaq indicating it was not in compliance with the requirements for continued listing, since it had failed to timely file its Form 10-Q. On April, the company announced it had engaged a new auditor to help complete its quarterly report. For the first quarter ended Jan. 31, North American Scientific reported a net loss of $3.6 million, or 0.22 per diluted share on revenues of $8.2 million. The net loss decreased from $3.9 million on revenues of $3.4 million during the same quarter last year.