Quarterly ResultAug 13, 2026, 12:51 PM
American Shared Hospital Services Q2 Revenue +19% to $8.4M; Net Loss $0.07/Share
AI Summary
American Shared Hospital Services reported a 19% increase in second-quarter revenue to $8.4 million, driven by strong growth in Direct Patient Services and Proton Beam Radiation Therapy. However, the company posted a net loss of $514,000 ($0.07 per diluted share) for the quarter, primarily due to higher legal costs and increased allowance for credit losses. For the first half of 2026, operating cash flow reached $4.4 million, and cash reserves grew to $6.8 million. Subsequent to the quarter, the company secured $2.0 million in subordinated financing and amended its credit agreement to provide additional financial flexibility.
Key Highlights
- Total second quarter revenue increased 19% year-over-year to $8.4 million.
- Net loss attributable to American Shared Hospital Services was $514,000, or $0.07 per diluted share, in Q2 2026.
- Cash provided by operating activities totaled $4.4 million during the first six months of 2026.
- Cash, cash equivalents and restricted cash increased to $6.8 million at June 30, 2026.
- Direct Patient Services revenue increased 40% to $4.9 million in Q2 2026.
- Proton Beam Radiation Therapy revenue increased 22% to $2.3 million in Q2 2026.
- Secured $2.0 million of subordinated financing from an entity controlled by the Executive Chairman.
- Entered a Third Amendment to its Credit Agreement with Fifth Third Bank for a revised repayment schedule.
Price Impact
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