Highest-materiality recent filing
American Shared Hospital Q1 revenue up 15.9% to $7.1M; adjusted EBITDA +18.4%
Direct patient services revenue rose 30.2% to $4.1M; leasing flat at $3.0M.
CEO Gary Delanois resigns; President Craig Tagawa named interim CEO effective April 27
Gary Delanois resigned as CEO for personal reasons effective April 24, 2026.
AMS reports FY2025 net loss $1.6M; extends Orlando Health proton lease through 2033
Total revenue $28.1M, down 0.9% YoY; net loss $1.6M vs net income $2.2M in 2024.
Lease term extended from April 6, 2026 to April 5, 2033 for Mevion S250 proton therapy system.
American Shared Hospital Services will restate Q3 2025 10-Q due to debt classification error
Audit committee concluded unaudited Sept 30, 2025 balance sheet misclassified $8.6M in debt as long-term; should be current liabilities.
American Shared receives default notice from Fifth Third Bank; revolver suspended
Fifth Third Bank asserts Event of Default for missing $5M minimum cash covenant at Sept 30, 2025.
American Shared Hospital Q3 revenue up 2.5% to $7.2M; net loss narrows 91.8% to $17K
Q3 revenue $7.2M (+2.5% YoY); direct patient services revenue $4.0M (+9.4%)
AMS Q2 2025 net loss of $280K vs net income $3.6M; revenue flat YoY
Revenue $7.07M, up 0.2% YoY; sequentially up 16% from Q1 2025.
CEO Gary Delanois gets $425K base salary, up from $325K; bonus eligible up to 50%
Gary Delanois' annual base salary increased to $425,000 effective July 2, 2025, from prior $325,000.
Shareholders re-elect all four directors and approve executive compensation at annual meeting
Directors Daniel G. Kelly Jr., Kathleen Miles, Raymond C. Stachowiak, Vicki L. Wilson elected with 4.08M-4.21M votes each.
Auditor Moss Adams merges into Baker Tilly; Baker Tilly appointed as successor independent auditor
Moss Adams merged into Baker Tilly effective June 3, 2025; Audit Committee appointed Baker Tilly as new auditor.
AMS Q1 revenue up 17% to $6.1M; net loss $0.10/share vs $0.02 profit
First-quarter revenue $6.1M vs $5.2M YoY (+17%); net loss $625K ($0.10/shr) vs net income $119K ($0.02).
American Shared Hospital Services FY2024 revenue +32.9%, net income +258.4%; appoints new CEO
FY 2024 revenue $28.34M (+32.9% YoY); net income $2.186M (+258.4% YoY)
AMS CFO resigns; new CFO appointed; receives CON for RI proton beam facility
CFO Robert Hiatt resigned Dec 19, 2024; R. Scott Frech named successor effective immediately.
AMS Q3 revenue up 36% to $7.0M but net loss widens to $207K on lower Gamma Knife volumes
Total revenue $6,999K, up 36.3% YoY; retail segment $3,687K (+273%) from RI acquisition and Puebla facility.
American Shared Hospital appoints Gary Delanois as COO, promotes Ranjit Pradhan to SVP Sales
Gary Delanois appointed EVP and COO effective Oct 14, 2024; replaces Craig Tagawa who remains President.
AMS Q2 net income $3.6M ($0.55/diluted) vs $111k loss; revenue up 27%
Revenue $7.1M (+27% YoY); net income $3.6M vs loss $111k; includes $3.7M bargain purchase gain from RI acquisition.
AMS non-compliant with SEC rules for acquired entities' financials due to bankruptcy data issues
Acquired 60% of Southern New England Regional Cancer Center and Roger Williams Radiation Therapy from GenesisCare in May 2024.
Four director nominees elected: Daniel G. Kelly Jr., Kathleen Miles, Raymond C. Stachowiak, Vicki L. Wilson; all received majority votes.
AMS reports Q1 revenue up 5.9% to $5.2M; record backlog $210M after acquisition
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.
AMS closes $2.85M acquisition of 60% stake in three RI cancer centers; adds $9-10M annual revenue
Acquired 60% equity in Southern New England Regional Cancer Center and Roger Williams Radiation Therapy from GenesisCare USA bankruptcy estate.
On April 3, 2025, the Company appointed Gary Delanois to serve as the Company’s Chief Executive Officer.
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.
On October 8, 2024, American Shared Hospital Services (the “Company”) approved the appointment of Mr. Gary Delanois as an Executive Vice President and Chief Operating Officer of the Company, effective October 14, 2024.
Max materiality 0.85 · Median 0.65 · Most common event earnings