secwatch.observer — SEC 8-K summary
======================================

Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001437749-23-031574
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Shared Hospital Services Q3 revenue up 6.3% to $5.1M; net income falls to $0.02/sh
--------------------------------------------------------------------------------

- Revenue $5.134M (+6.3% YoY); gross margin 40.9% vs 40.5%.
- Net income $118k ($0.02 diluted) vs $316k ($0.05) in Q3 2022; operating income $90k vs $448k.
- Adjusted EBITDA $1.669M vs $1.966M; selling/admin costs up 37.7% to $1.735M on new business investment.
- Cash $14.655M at Sept 30, up from $12.453M at Dec 31; equity $3.53/sh.
- Two new Gamma Knife Esprit upgrade orders from existing customers; international centers advancing (Ecuador restart, Mexico LINAC Q1 2024).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774923031574/0001437749-23-031574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774923031574/asha20231107_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-031574

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