American Shared Hospital Services Q2 net loss $0.02/share; revenue up 10.6% to $5.6M; announces 3rd Gamma Knife order

AMERICAN SHARED HOSPITAL SERVICES

2023-Q2 EPS reported $0.01 revenue$10,493,000

Net loss of $111,000 ($0.02 diluted EPS) vs net income of $497,000 ($0.08) in Q2 2022.
Revenue increased 10.6% to $5.57M; gross margin 45.2% vs 41.5% a year ago.
Operating loss of $325,000 vs operating income of $793,000; reflects $578K impairment reserve from two non-renewed GK agreements.
Announced third Gamma Knife Esprit order for 2023; international center installations progressing (Mexico/LINAC, Ecuador/ICON, Peru/Esprit).
Cash grew to $13.8M; adjusted EBITDA $1.94M vs $2.13M in Q2 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN SHARED HOSPITAL SERVICES reported second quarter ended June 30, 2023 results: revenue $5,568,000.

Period: second quarter ended June 30, 2023
Revenue: $5,568,000
Result: reported results

Exact text from the filing

systems and services, today announced financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights ● Total revenue in the second quarter was $5,568,000, an increase of 10.6% from the comparable period in 2022. Total proton therapy revenue increased 10.3% period-over-period; fractions increased 3.5%. Gamma Knife revenue increased

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Source: SEC EDGAR

accession 0001437749-23-023719

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