AMS reports Q1 revenue up 5.9% to $5.2M; record backlog $210M after acquisition

AMERICAN SHARED HOSPITAL SERVICES

2024-Q1 EPS reported $0.02 revenue$5,216,000

Record projected revenue backlog of $210M more than doubled vs Dec 31, 2023 after acquiring 60% of three Rhode Island Radiation Therapy Cancer Centers in May 2024.
Operating loss of $85k vs operating income of $98k in Q1 2023; adjusted EBITDA $1.744M vs $1.903M.
Net income $119k ($0.02 per diluted share) vs $188k ($0.03) in prior year; revenue $5.2M (+5.9% YoY).
Gamma Knife revenue down 1.7% to $2.567M; proton beam revenue up 14.5% to $2.649M.
Cash and equivalents $13.042M at March 31, 2024; signed one new order for Gamma Knife Esprit upgrade.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN SHARED HOSPITAL SERVICES reported first quarter ended March 31, 2024 results: revenue $5.2 million, EPS $0.02 per share.

Period: first quarter ended March 31, 2024
Revenue: $5.2 million
EPS: $0.02 per share
Result: reported results

Exact text from the filing

The first quarter marks a good start to the year, with revenue growth of 5.9% to $5.2 million, and gross margin of $2.1 million, a 12.3% increase from the comparable period, reflecting continued efficiencies and operating leverage from the sales increase. The gross margin percentage reached 41.1%, which is in line with our historical average and for the first quarter we earned $0.02 per share.

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Source: SEC EDGAR

accession 0001437749-24-016673

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