---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016673"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:31:43.579147+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-016673
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774924016673/0001437749-24-016673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774924016673/asha20240514_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016673
- JSON: https://secwatch.observer/filing/0001437749-24-016673.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016673.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774924016673/0001437749-24-016673-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.