---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-017038"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T06:35:34.671184+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AMS Q1 revenue up 17% to $6.1M; net loss $0.10/share vs $0.02 profit

## Summary
- First-quarter revenue $6.1M vs $5.2M YoY (+17%); net loss $625K ($0.10/shr) vs net income $119K ($0.02).
- Direct Patient Services revenue surged 224% to $3.1M from Rhode Island acquisition and Puebla, Mexico facility.
- Medical equipment leasing revenue fell to $3.0M from $4.3M due to lower Gamma Knife volumes and contract expirations.
- Adjusted EBITDA $0.9M vs $1.7M in Q1 2024; gross margin $942K vs $2.1M on lower treatment volumes.
- Cash $11.5M; expects Esprit startup in Guadalajara late 2025 and exploring tuck-in acquisitions.

## SEC filing metadata
- accession: 0001437749-25-017038
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774925017038/0001437749-25-017038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774925017038/asha20250513_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-017038
- JSON: https://secwatch.observer/filing/0001437749-25-017038.json
- Plain text: https://secwatch.observer/filing/0001437749-25-017038.txt

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