Earnings Releases·Nov 12, 2026, 11:27 AM ET

American Shared Hospital Services — Third Quarter and Nine-Month 2026 Earnings Summary

Total revenue increased 6.3% to $7.6 million in Q3 2026 and 13.7% to $23.1 million for the nine months, driven by a 13.6% and 27.0% rise in Direct Patient Services, respectively, though offset by declines in Medical Equipment Leasing and higher operating costs.
The Company reported a net loss of $620,000 for Q3 2026 and $1.7 million for the nine months, with Adjusted EBITDA declining to $1.4 million and $3.8 million respectively, primarily due to increased costs of revenue and higher selling and administrative expenses related to a credit agreement amendment.
Strategic financing actions included a Third Amendment to the Credit Agreement with Fifth Third Bank and the securing of $2.0 million in subordinated financing from RCS/TIG Holdings, while cash and restricted cash grew to approximately $9.5 million.
Future outlook highlights international expansion efforts, including an expected Gamma Knife Esprit upgrade at the Guadalajara joint venture facility with treatments commencing in mid-2027, alongside management's focus on optimizing cost structures and long-term asset management.