secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001437749-22-012057
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774922012057/0001437749-22-012057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774922012057/asha20220511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-012057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer