secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001437749-23-007720
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774923007720/0001437749-23-007720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774923007720/asha20230322_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-007720

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