American Shared Hospital Q1 revenue up 15.9% to $7.1M; adjusted EBITDA +18.4%

AMERICAN SHARED HOSPITAL SERVICES

Direct patient services revenue rose 30.2% to $4.1M; leasing flat at $3.0M.
Gross margin expanded to 18.2% from 15.4%; operating loss improved to $(0.9)M from $(1.3)M.
Gamma Knife procedures +10.1% (229); PBRT treatments +20.7% (1,003).
Net loss unchanged at $(0.6)M; cash increased to $5.2M from $3.7M at year-end.
Management reports volumes trending higher into Q2; in talks with lender on debt extension.

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