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American Shared Hospital Services Reports Third Quarter and Nine-Month 2026 Financial Results

AMS
  • American Shared Hospital Services reported third quarter 2026 total revenue of $7.6 million, a 6% increase from the prior year.
  • Direct Patient Services revenue rose 14% in the third quarter to $4.6 million, driven by growth in Rhode Island and Mexico facilities.
  • Nine-month 2026 total revenue increased 14% to $23.1 million, with Direct Patient Services revenue surging 27% to $13.5 million.
  • The company generated $5.8 million in cash from operating activities during the first nine months of 2026.
  • Cash, cash equivalents, and restricted cash balances increased to approximately $9.5 million as of September 30, 2026.
  • Net loss attributable to American Shared Hospital Services was $620,000 ($0.09 per share) for the third quarter, compared to $17,000 in the prior year.
  • Nine-month net loss was $1.7 million ($0.26 per share), an increase from $922,000 in the same period of 2025.
  • Adjusted EBITDA for the third quarter was $1.4 million, down from $1.9 million in the prior year, while nine-month adjusted EBITDA was $3.8 million versus $4.6 million previously.
  • Medical Equipment Leasing revenue decreased 3% in the third quarter to $3.0 million, partially offset by a 13.1% increase in domestic Gamma Knife procedure volume.
  • International Gamma Knife procedure volumes increased 8.9% in the third quarter and 30.7% in the first nine months, aided by an upgraded system in Peru.
  • Selling and administrative expenses rose due to legal, banking, and consulting costs associated with a July 2026 credit agreement amendment with Fifth Third Bank.
  • The company secured $2.0 million in subordinated financing from RCS/TIG Holdings to support liquidity during the third quarter.
  • A joint venture with Hospital San Javier in Guadalajara, Mexico, is advancing with an expected system upgrade \& patient treatment start in mid-2027.
  • Current portion of long-term debt decreased to $15.7 million at September 30, 2026, from $17.3 million at year-end 2025.
  • Shareholders' equity was $22.6 million, or $3.40 per share, based on 6.65 million shares outstanding.
  • A conference call to discuss these results is scheduled for November 12, 2026, at 12:00 PM ET.
Company
American Shared Hospital Services
Keywords
NYSE:AMS, American Shared Hospital Services, NYSE American:AMS, ASHS, Cancer Treatment Centers, Hospital Service, Medical Devices, Radioterapia, Radiocirugía