---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-012057"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2022-05-12T23:59:59+00:00"
generated_at: "2026-06-25T19:42:44.090974+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AMS Q1 2022: revenue $4.85M, net income $269K ($0.04/share) vs $29K ($0.00) YoY

## Summary
- Total revenue $4.85M, up 11.1% YoY; PBRT revenue up 33.2% to $2.04M; same-center Gamma Knife revenue up 7.2%.
- Operating income $600K, up 567% from $90K; net income $269K ($0.04 diluted) vs $29K ($0.00) in Q1 2021.
- Adjusted EBITDA $1.92M, up 20.1% from $1.60M; gross margin improved to 42.6% of revenue from 32.9%.
- Cash and equivalents $8.4M; unused $7M credit line; shareholders' equity $24.7M ($4.07/share).
- Post-quarter JV signed for radiation center in Puebla, Mexico; hired Tim Keel as sales/marketing head.

## SEC filing metadata
- accession: 0001437749-22-012057
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2022-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774922012057/0001437749-22-012057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774922012057/asha20220511_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-012057
- JSON: https://secwatch.observer/filing/0001437749-22-012057.json
- Plain text: https://secwatch.observer/filing/0001437749-22-012057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.