tradepost.ai Logo
Newsletter InsightsSEC AnalysisAI Top20 IndexPricing
Log in
Start free trial
tradepost.ai Logo

Empowering Traders with AI

Quick Links

Newsletter InsightsSEC AnalysisPricingFAQ

Legal

Privacy PolicyCookies PolicySecurity Disclosure PolicyTerms & ConditionsDisclaimer

Copyright © 2025 Dutchcode B.V. All rights reserved.

10-Q - AMERICAN SHARED HOSPITAL SERVICES (0000744825) (Filer)

Thu, May 15, 4:39 PM (29 days ago)

**American Shared Hospital Services (AMS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Total revenue increased by $896,000 to $6,112,000 for Q1 2025. Leasing segment revenue decreased by $1,262,000 due to lower Gamma Knife and PBRT volumes. Direct patient services revenue increased by $2,158,000, driven by the RI Acquisition and the Puebla facility. - **Profit Margins:** The company reported a net loss of $625,000, or $0.10 per diluted share, compared to a net income of $119,000 in Q1 2024. The loss was primarily due to lower procedure volumes in both leasing and direct patient services segments. - **Cash Flow:** The company had cash, cash equivalents, and restricted cash of $11,491,000 at the end of Q1 2025. Net cash provided by operating activities was $2,503,000. **Key Metrics:** - **Revenue Breakdown:** Leasing revenue was $2,991,000 (down from $4,253,000 in Q1 2024), and direct patient services revenue was $3,121,000 (up from $963,000 in Q1 2024). - **Costs of Revenue:** Increased by $2,097,000 to $5,170,000, driven by higher maintenance, depreciation, and other direct operating costs. - **Interest Expense:** Increased by $84,000 to $433,000 due to higher borrowings. **Trends & Uncertainties:** - **Revenue Trends:** The decrease in leasing revenue was due to the expiration of customer contracts and lower PBRT volumes. The increase in direct patient services revenue was driven by new facilities. - **Uncertainties:** The company faces uncertainties related to financing for future projects, integration of the RI Companies, and compliance with debt covenants. **Future Operations Impact:** - **Commitments:** The company has commitments to purchase and install three Leksell Gamma Knife Esprit Systems and two LINAC systems, totaling $9,618,000. They also have service commitments totaling $12,252,000. - **Liquidity:** The company believes its cash on hand, cash flow from operations, and other cash resources are adequate to meet its scheduled debt obligations and working capital requirements. **Debt & Financing:** - **Long-Term Debt:** As of March 31, 2025, long-term debt was $19,926,000. The company is in compliance with its debt covenants. - **Credit Agreement:** The company has a credit agreement with Fifth Third Bank, including a revolving line of credit of $7,000,000, of which $2,000,000 was borrowed as of March 31, 2025. **Segment Performance:** - **Leasing Segment:** Experienced a decrease in revenue due to lower procedure volumes and the expiration of customer contracts. - **Direct Patient Services Segment:** Saw an increase in revenue due to the addition of new facilities in Rhode Island and Puebla. **Forward-Looking Statements:** - The company's forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed. These risks include debt levels, market for services, reimbursement rates, healthcare reform, competition, technological advances, and integration of acquisitions.