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

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

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

Shares of AMS stock traded down $0.09 during trading hours on Thursday, hitting $1.09. The company had a trading volume of 73,844 shares, compared to its average volume of 84,945. American Shared Hospital Services has a fifty-two week low of $0.98 and a fifty-two week high of $2.39. The company’s fifty day moving average is $1.34 and its 200 day moving average is $1.58. The stock has a market capitalization of $7.25 million, a PE ratio of -4.36 and a beta of 0.29.

American Shared Hospital Services Company Profile

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.