secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001437749-24-034762
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMS Q3 revenue up 36% to $7.0M but net loss widens to $207K on lower Gamma Knife volumes
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- Total revenue $6,999K, up 36.3% YoY; retail segment $3,687K (+273%) from RI acquisition and Puebla facility.
- Net loss attributable to AMS of $207K ($0.03 diluted EPS) vs net income of $118K ($0.02) in Q3 2023.
- Gamma Knife procedures fell 31% to 218; Gamma Knife revenue down 32.9% due to contract expiration, downtime, and staffing.
- Adjusted EBITDA $1,366K vs $1,669K prior year; operating loss of $889K vs operating income of $90K.
- Nine-month net income $3.514M ($0.54) vs $195K ($0.03) includes bargain purchase gain from RI Acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774924034762/0001437749-24-034762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774924034762/asha20241110_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034762

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