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 provides radiosurgery and radiation therapy equipment to medical facilities through shared-service financing arrangements. The company's news flow typically focuses on quarterly earnings reports, equipment installations at new partner facilities, and operational updates that affect its network of hospital relationships.
For investors tracking American Shared Hospital Services, quarterly earnings announcements reveal trends in equipment utilization rates and partnership growth. These reports provide insight into how successfully the company is expanding its installed equipment base and whether hospitals are maintaining treatment volumes that generate adequate revenue per installation.
News about new hospital partnerships indicates business expansion and future revenue potential. Each new equipment installation represents a long-term revenue stream, making partnership announcements particularly relevant for understanding the company's growth trajectory. Updates on existing partnerships, contract renewals, or equipment upgrades at current facilities also signal the health of the company's core business relationships.
Annual shareholder meetings and proxy statements offer information about strategic direction, governance matters, and executive compensation structures. For a company operating in the specialized medical equipment services sector, these disclosures help investors understand management priorities and how leadership incentives align with long-term business development.
Bookmark this page to track American Shared Hospital Services news as it develops. The company's business model creates relatively predictable news patterns focused on partnership developments and financial performance, making it easier to monitor key business drivers through regular news updates.
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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