Quarterly ResultMay 14, 2026, 07:02 AM
American Shared Hospital Services Q1 Revenue +15.9% to $7.1M
AI Summary
American Shared Hospital Services reported strong financial results for Q1 2026, with total revenue increasing 15.9% year-over-year to $7.1 million. This growth was primarily driven by a 30.2% increase in direct patient services revenue, fueled by higher patient volumes at its Rhode Island and Puebla, Mexico facilities. The company also saw significant improvements in operating performance, including a 36.7% increase in gross margin to $1.3 million and an 18.4% rise in Adjusted EBITDA to $1.1 million, leading to a reduced operating loss. Management expressed optimism about continued volume growth and efforts to optimize capital structure.
Key Highlights
- Total revenue increased 15.9% year-over-year to $7.1 million.
- Gross margin increased 36.7% to $1.3 million, or 18.2% of revenue.
- Adjusted EBITDA increased 18.4% to $1.1 million.
- Direct patient services revenue increased 30.2% to $4.1 million.
- Operating loss improved to $(0.9) million from $(1.3) million year-over-year.
- Gamma Knife procedures increased 10.1% year-over-year to 229.
- PBRT treatments increased 20.7% year-over-year to 1,003.
- Cash, cash equivalents, and restricted cash were $5.2 million as of March 31, 2026.