American Shared Hospital Services FY2024 revenue +32.9%, net income +258.4%; appoints new CEO

AMERICAN SHARED HOSPITAL SERVICES

2025-Q1 EPS reported -$0.10 revenue$6,112,000

FY 2024 revenue $28.34M (+32.9% YoY); net income $2.186M (+258.4% YoY)
Q4 2024 revenue $9.069M (+59.2% YoY); net loss $1.308M vs income $0.415M in Q4 2023
Direct patient services revenue surged 253.4% to $12.56M; leasing revenue down 12.1% to $15.63M
Appointed Gary Delanois as CEO; Raymond Stachowiak became Executive Chairman
Adjusted EBITDA for FY 2024 $8.885M (+8.5% YoY); Q4 adjusted EBITDA $3.464M (+29.3%)

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Gary Delanois

Chief Executive Officer

AMS · AMERICAN SHARED HOSPITAL SERVICES

Effective: 2025-04-03
Filed: April 4, 2025, 7:59 PM ET

On April 3, 2025, the Company appointed Gary Delanois to serve as the Company’s Chief Executive Officer.

Role change

Raymond Stachowiak

Chief Executive Officer

AMS · AMERICAN SHARED HOSPITAL SERVICES

Effective: 2025-04-03
Successor: Gary Delanois
Filed: April 4, 2025, 7:59 PM ET

Effective on that same date, Raymond Stachowiak ceased to serve in the role of Chief Executive Officer, however, he will continue to serve as the Company’s Executive Chairman of the Board and continue to perform the function of the Company’s principal executive officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary Delanois was appointed as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On April 3, 2025, the Company appointed Gary Delanois to serve as the Company’s Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Raymond Stachowiak changed role as Chief Executive Officer at AMERICAN SHARED HOSPITAL SERVICES.

Action: ceased
Role: Chief Executive Officer

Exact text from the filing

Effective on that same date, Raymond Stachowiak ceased to serve in the role of Chief Executive Officer, however, he will continue to serve as the Company’s Executive Chairman of the Board and continue to perform the function of the Company’s principal executive officer.

View on SEC.gov

AMERICAN SHARED HOSPITAL SERVICES filing history →

Source: SEC EDGAR

accession 0001437749-25-010978

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