---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-007720"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:18:04.287059+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-007720
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774923007720/0001437749-23-007720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774923007720/asha20230322_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-007720
- JSON: https://secwatch.observer/filing/0001437749-23-007720.json
- Plain text: https://secwatch.observer/filing/0001437749-23-007720.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774923007720/0001437749-23-007720-index.htm
- Earnings Releases
  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
  source text: For the twelve months ended December 31, 2022, revenue increased 12.0% to $19,746,000 compared to 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774923007720/0001437749-23-007720-index.htm

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