AMS Q4 revenue $5.04M (+7.4% YoY); FY2022 net income jumps sixfold to $1.33M or $0.21 per share

AMERICAN SHARED HOSPITAL SERVICES

Q4 revenue $5.037M (+7.4% YoY); net income $0.246M ($0.04 diluted EPS) vs $0.219M ($0.04) in Q4 2021.
FY2022 revenue $19.746M (+12% YoY); net income $1.328M ($0.21 diluted EPS) vs $0.194M ($0.03) in 2021.
Cash at Dec 31, 2022 $12.453M, up 50.7% from $8.263M. Full-year adjusted EBITDA $8.176M vs $7.174M.
Booked first order of 2023 for $1.3M with new customer; expects shipment in Q2 2023.
Appointed Peter Gaccione as CEO; Raymond Stachowiak becomes Executive Chairman; CFO search underway.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN SHARED HOSPITAL SERVICES reported the fourth quarter ended December 31, 2022 results: revenue $5,037,000, net income $246,000, EPS $0.04 per diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $5,037,000
Net income: $246,000
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

announced financial results for the fourth quarter and twelve months ended December 31, 2022. Fourth Quarter 2022 Financial Highlights ● Total revenue in the fourth quarter was $5,037,000, an increase of 7.4% from the comparable period in 2021. Total proton therapy revenue increased 33.4% period-over-period; fractions decreased 11.9%. Gamma Knife revenue and volumes

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN SHARED HOSPITAL SERVICES reported the twelve months ended December 31, 2022 results: revenue $19,746,000, net income $1,328,000, EPS $0.21 per diluted share.

Period: the twelve months ended December 31, 2022
Revenue: $19,746,000
Net income: $1,328,000
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

For the twelve months ended December 31, 2022, revenue increased 12.0% to $19,746,000 compared to 2021.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN SHARED HOSPITAL SERVICES filing history →

Source: SEC EDGAR

accession 0001437749-23-007720

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