secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001437749-23-014058
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMS reports Q1 net income of $188K ($0.03 EPS), down 30% YoY; revenue +1.6%
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- Total revenue $4.925M (+1.6% YoY); gross margin fell to 38.7% from 42.6%.
- Operating income $98K, down 83.7% from $600K; selling & admin costs up 16.7%.
- Appointed Robert Hiatt as new CFO; second order of 2023 for Gamma Knife Esprit upgrade.
- Approved upgrades in Ecuador and Mexico; start-up expected Q3 2023. Cash $13.2M.
- Adjusted EBITDA $1.903M vs $1.922M; Gamma Knife procedures down 10.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774923014058/0001437749-23-014058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774923014058/asha20230511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014058

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