American Shared Hospital Services (NYSEAMERICAN:AMS) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS

American Shared Hospital Services (NYSEAMERICAN:AMS) released its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.10), Zacks reports. The firm had revenue of $7.62 million for the quarter, compared to the consensus estimate of $8.53 million. American Shared Hospital Services had a negative return on equity of 6.52% and a negative net margin of 5.83%.

Here are the key takeaways from American Shared Hospital Services’ conference call:

• Revenue and Direct Patient Services grew—third-quarter revenue rose 6.3% to $7.6 million, while Direct Patient Services revenue increased 13.6%; for the first nine months, Direct Patient Services revenue was up 27%. Gamma Knife procedures increased about 11% in both periods.
• Profitability weakened despite revenue growth. Third-quarter gross margin fell to 19.9% from 22.1%, EBITDA declined to $1.4 million from $1.9 million, and net loss widened to $620,000; nine-month EBITDA and net income also declined, with higher operating and financing-related costs weighing on results.
• Debt and lender negotiations remain a key risk. The company had $9.5 million in cash and restricted cash against $15.6 million in current debt, and is operating under a forbearance agreement with Fifth Third Bank through June 30, 2027. The chairman’s newly formed company also provided $2 million in subordinated financing.
• Expansion plans are advancing, but execution and financing remain important. The company is designing two Rhode Island projects and expects its Guadalajara Gamma Knife joint venture to begin treating patients in mid-2027; it is pursuing an asset-light approach for the Rhode Island proton therapy project and says it is limiting other growth efforts until it resolves its lender relationship.

American Shared Hospital Services Price Performance

AMS traded down $0.09 during mid-day trading on Thursday, hitting $1.09. The stock had a trading volume of 73,855 shares, compared to its average volume of 84,946. The stock’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.58. The firm has a market capitalization of $7.25 million, a price-to-earnings ratio of -4.36 and a beta of 0.29. American Shared Hospital Services has a 1-year low of $0.98 and a 1-year high of $2.39.

About American Shared Hospital Services

American Shared Hospital Services (NYSE American: AMS) is a healthcare services company that provides hospitals and healthcare providers with access to advanced radiation oncology and other medical technologies. Its business model focuses on supplying equipment, financing, management and operational support through hospital-based and outpatient arrangements. The company has historically specialized in Gamma Knife stereotactic radiosurgery systems, which are used to treat certain brain disorders and tumors without conventional surgery.