Welcome to our dedicated page for Amer Shared Hosp news (Ticker: AMS), a resource for investors and traders seeking the latest updates and insights on Amer Shared Hosp stock.
American Shared Hospital Services (NYSE American: AMS) regularly issues news updates that describe its role as a provider of stereotactic radiosurgery equipment and advanced radiation therapy cancer treatment services. Its press releases highlight developments across its medical equipment leasing and direct patient care services segments, giving investors and observers insight into how the company’s cancer treatment–focused operations are evolving.
News items frequently cover quarterly and annual financial results, where the company reports revenue from Gamma Knife, linear accelerator (LINAC), and proton beam radiation therapy, as well as performance in its direct patient care services segment. These releases often include management commentary on treatment volumes, contract activity, new center openings, and the balance between leasing and direct patient care services.
American Shared Hospital Services’ news flow also emphasizes business expansion and partnerships. Recent disclosures reference acquiring majority interests in radiation therapy treatment centers in Rhode Island, opening a radiation therapy center in Puebla, Mexico, and planning additional radiation therapy and proton beam centers under Certificate of Need approvals. The company’s descriptions of turnkey solutions for cancer treatment centers, health systems, and cancer networks in North and South America are a recurring theme in its announcements.
Regulatory and corporate governance updates appear in the form of conference call announcements, shareholder meeting notices, and SEC-related disclosures. These include scheduling of earnings calls, participation in investor conferences, and information about annual shareholder meetings. Together, the AMS news feed on this page provides a centralized view of the company’s reported financial performance, operational changes in its cancer treatment services, and key corporate events.
American Shared Hospital Services (NYSE American: AMS) announced that its Annual Meeting of Shareholders will be held on Tuesday, June 25, 2024, at 9:00 a.m. PT. The meeting will take place in person at The Hilton Hotel in San Francisco, CA. The company provides turnkey technology solutions for stereotactic radiosurgery and advanced radiation therapy equipment and services. The Board of Directors has set April 26, 2024, as the record date for shareholders entitled to notice and voting rights at the meeting.
American Shared Hospital Services (AMS) announced its Q1 2024 financial results, highlighting a record projected revenue backlog of $210 million following the acquisition of Rhode Island Radiation Therapy Cancer Centers. Total revenue for Q1 reached $5.2 million, a 5.9% increase year-over-year, with proton beam radiation therapy revenue up by 14.5%. Gamma Knife revenue slightly decreased by 1.7%. Gross margin improved by 12.3% to $2.1 million. However, operating loss stood at $85,000 compared to a $98,000 operating income in Q1 2023, mainly due to $377,000 in acquisition-related fees. Adjusted EBITDA was $1.74 million, down from $1.90 million the previous year. Cash reserves decreased to $13.04 million from $13.80 million at the end of 2023. Despite increased selling and administrative costs, AMS remains optimistic about future growth driven by new international and domestic centers.
American Shared Hospital Services (AMS) has acquired a 60% majority interest in three radiation therapy cancer centers in Rhode Island, adding $9-$10 million in annual revenue with a positive net income contribution. The acquisition more than doubles the revenue backlog to over $210 million, expanding the company's U.S. footprint and product offering.
American Shared Hospital Services (AMS) will hold a conference call to discuss its first quarter 2024 financial results on May 14th. Investors can dial in or join the webcast to get insights into the Company's performance.
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