Welcome to our dedicated page for Amer Shared Hosp SEC filings (Ticker: AMS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The American Shared Hospital Services (NYSE American: AMS) SEC filings page brings together the company’s regulatory disclosures, including Forms 10-K, 10-Q, 8-K, and related documents filed with the U.S. Securities and Exchange Commission. These filings expand on the company’s description of itself as a provider of stereotactic radiosurgery equipment and advanced radiation therapy cancer treatment services through equipment leasing and direct patient care services segments.
Current and periodic reports such as 10-Q and 10-K provide detail on segment performance for Gamma Knife, linear accelerator, and proton beam radiation therapy operations, along with information on the direct patient care services segment and its radiation therapy centers. Investors use these documents to review revenue composition, operating expenses, and other financial metrics that underpin the company’s cancer treatment–related activities.
Form 8-K filings for American Shared Hospital Services document significant events. Examples include 8-K reports on quarterly earnings releases, disclosures about an Event of Default under a credit agreement related to a minimum unrestricted cash covenant, and an 8-K describing the audit committee’s conclusion that certain previously issued unaudited financial statements for the quarter ended September 30, 2025 should no longer be relied upon as they relate to the classification of indebtedness, with plans to restate those financial statements.
On Stock Titan, these filings are supplemented with AI-powered summaries that explain key points from lengthy documents in plain language. Users can quickly understand the implications of items such as debt covenant disclosures, restatements, or changes in segment reporting, while still having access to the full original SEC texts. This page also surfaces real-time updates from EDGAR, helping users follow American Shared Hospital Services’ ongoing reporting on its financial condition, credit agreements, and operations in stereotactic radiosurgery and advanced radiation therapy.
American Shared Hospital Services restated its September 30, 2025 balance sheet to reclassify $8,631,000 of debt as a current liability and disclosed covenant defaults that raise substantial doubt about its ability to continue as a going concern.
The company is in default under a $22,000,000 credit agreement with Fifth Third Bank and may be in default under a DFC loan, giving lenders the right to accelerate repayment even though they have not done so yet. At September 30, 2025, cash and cash equivalents were $5,095,000, current liabilities were $25,802,000, and all $18,184,000 of long-term debt was classified as current.
For the third quarter, revenue was $7,171,000 and net loss attributable to American Shared Hospital Services was $17,000, with nine‑month revenue of $20,354,000 and a net loss of $922,000. Direct patient services continued to grow year over year, while leasing revenue declined and higher interest and depreciation kept the business unprofitable.
American Shared Hospital Services disclosed that investors should no longer rely on its unaudited balance sheet as of September 30, 2025, because certain debt was misclassified. Debt totaling $8,631,000 under its Fifth Third and DFC credit agreements was reported as long-term but will be restated as a current liability, which affects how near-term obligations appear but not revenue, expenses, net loss, cash flows, or total assets.
The company had previously received a notice from Fifth Third asserting an Event of Default tied to a covenant requiring at least $5,000,000 in unrestricted domestic cash and cash equivalents for the quarter ended September 30, 2025. As of this report, neither Fifth Third nor DFC has accelerated repayment, and the company is discussing a waiver and amendment while evaluating impacts on liquidity, financial condition, and going concern considerations. It plans to file amended third-quarter 2025 financial statements as soon as practical.
American Shared Hospital Services disclosed that reporting person John F. Ruffle has reduced his beneficial ownership of its common stock to 0% after transferring 410,746 shares as a gift to the Ruffle Family Foundation, a donor-advised fund.
The transfer occurred on September 29, 2025 for estate planning and charitable purposes, and Ruffle no longer has voting or dispositive power over any shares. As a result, he ceased to be a beneficial owner of more than 5% of the company’s common stock and reports no additional transactions in the past 60 days and no contracts or arrangements relating to the issuer’s securities.
American Shared Hospital Services reported that Fifth Third Bank sent a notice asserting an Event of Default under the company’s Credit Agreement. The lender claims the default arose because the borrowers did not maintain at least
Under the notice, Fifth Third has suspended the
American Shared Hospital Services
The filing explains that 2,000 previously reported stock options expired unexercised and that Stachowiak received 120,000 RSUs in 2025, of which 85,000 have vested and are included in his beneficial ownership. His holdings include shares owned directly and indirectly through RCS Investments, Inc. and Stachowiak Equity Fund, LLC. The shares are held for investment purposes, and the reporting persons state they currently have no specific plans for corporate actions but may increase or decrease their position over time.
American Shared Hospital Services (AMS) reported Q3 2025 results showing modest top-line growth and a near breakeven bottom line. Revenue reached $7,171,000, up from $6,999,000 a year ago. Gross margin was $1,586,000. The company posted an operating loss of $344,000 and a net loss attributable to AMS of $17,000. Segment mix remained balanced, with leasing revenue of $3,137,000 and direct patient services of $4,034,000.
Year-to-date, operating cash flow improved to $3,802,000, while capital spending drove investing cash outflows of $9,618,000. Cash and restricted cash were $5,345,000 at September 30, 2025, and long‑term debt was $18,184,000. AMS had $2,000,000 outstanding on its $7,000,000 revolver at quarter‑end, which was repaid in October 2025. The company received a limited waiver under its credit agreement related to the funded debt to EBITDA covenant for June 30, 2025 and was in compliance as of September 30, 2025. Equipment and service commitments totaled $7,884,000 and $6,870,000, respectively. Shares outstanding were 6,543,000 as of November 11, 2025.
American Shared Hospital Services furnished an 8-K to report that it issued a press release with its financial results for the third quarter ended September 30, 2025.
The company states that the full text of this third-quarter 2025 financial results press release is provided as Exhibit 99.1 to the report and notes that it does not intend for this exhibit to be incorporated by reference into future Exchange Act filings.
American Shared Hospital Services reported modest top-line growth but swung to losses for the periods presented. Total revenue was $7.07 million for the three months and $13.18 million for the six months ended June 30, 2025, up slightly from $7.06 million and $12.27 million a year earlier. The growth was driven by higher direct patient services revenue (three months: $3.50M; six months: $6.62M) largely reflecting results from the Rhode Island acquisition and the Puebla facility, while leasing revenue fell (three months: $3.57M; six months: $6.56M) as two customer contracts expired and PBRT volumes declined.
The company reported a net loss attributable to American Shared Hospital Services of $0.28M for the quarter and $0.905M for the six months, versus net income in the prior-year periods. Cash and equivalents totaled $11.08M (cash, $11.331M including restricted cash), total assets were $63.49M, total liabilities $34.65M, and long-term debt was $19.09M. Material items include equipment purchase and service commitments (~$8.39M and $11.93M respectively) and a temporary covenant breach under the Fifth Third credit facility as of June 30, 2025 (compliance restored July 1, 2025).
American Shared Hospital Services filed an 8-K reporting that on August 13, 2025 it issued a press release announcing its financial results for the quarter ended June 30, 2025. The company states the press release is furnished as Exhibit 99.1 and that it does not intend for that exhibit to be incorporated by reference into future filings. The filing identifies the registrant, its address, stock listing (AMS on NYSE American) and is signed by Executive Chairman Raymond C. Stachowiak.
FAQ
What is the current stock price of Amer Shared Hosp (AMS)?
What is the market cap of Amer Shared Hosp (AMS)?
