American Shared Hospital Services reports Q1 revenue $7.1M; adjusted EBITDA $1.12M, gross margin 18.2%

American Shared Hospital Services reported first-quarter 2026 results with revenue of $7.1 million and adjusted EBITDA of $1.124 million, reflecting year-over-year improvement in operating performance. Gross margin rose to $1.288 million (18.2%) while the company recorded a net loss attributable to the company of $0.612 million, or $0.09 per diluted share. Management said direct patient services expansion and higher procedure volumes drove results and that volumes are trending higher into Q2.Financial HighlightsTotal revenue: $7,084,000 for the three months ended March 31, 2026 (15.9% increase vs. $6,112,000 in Q1 2025).Gross profit: $1,288,000, representing a gross margin of 18.2% (compared with $942,000, or 15.4%, in Q1 2025).Operating loss: $(924,000) for the quarter, improved from $(1,299,000) in the prior-year period.Net loss attributable to American Shared Hospital Services: $(612,000), or $(0.09) per diluted share (Q1 2025: $(625,000), $(0.10) per diluted share).Adjusted EBITDA: $1,124,000 for Q1 2026, up from $949,000 in Q1 2025.Business HighlightsDirect patient services expansion drove revenue growth, with direct patient services revenue increasing 30.2% year-over-year to approximately $4.1 million.Increased procedure volumes across treatment centers: Gamma Knife procedures rose 10.1% (229 procedures) and proton beam radiation therapy (PBRT) treatments increased 20.7% to 1,003.Rhode Island centers and the Puebla, Mexico facility continued to ramp utilization and contributed materially to segment growth.Leasing revenue remained stable at approximately $3.0 million, with impacts from prior Gamma Knife agreement expirations partially offset by improved volumes at upgraded sites.Management continues operational focus on optimizing existing network utilization, improving reimbursement profiles, and progressing discussions with lenders on potential debt extensions to support growth.Original SEC Filing: AMERICAN SHARED HOSPITAL SERVICES [ AMS ] - 8-K - May. 14, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.