secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001437749-24-016673
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774924016673/0001437749-24-016673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774924016673/asha20240514_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016673

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