American Shared Hospital Services(AMS) - 2025 Q3 - Quarterly Results

Revenue Growth - Q3 2025 revenue increased 2.5% to $7.2 million compared to $7.0 million in Q3 2024[6] - Direct patient care services revenue for Q3 2025 increased 9.4% to $4.0 million, representing 56% of total sales[7] - Revenue for the first nine months of 2025 increased 5.6% to $20.4 million compared to $19.3 million in the same period of 2024[11] - Direct patient care services revenue for the first nine months of 2025 increased 36.5% to $10.7 million[12] Profitability and Loss - Q3 2025 EBITDA increased 42.3% to $1.94 million compared to $1.37 million in Q3 2024[4] - Net loss for Q3 2025 decreased 91.8% to $17,000 from a loss of $207,000 in Q3 2024[9] - Net loss attributable to American Shared Hospital Services for the three months ended September 30, 2025, was $(17,000) compared to $(207,000) for the same period in 2024[30] - Total net income for the nine months ended September 30, 2025, was $(922,000), compared to $3,514,000 in 2024[30] Expenses - Interest expense for the nine months ended September 30, 2025, was $1,253,000, up from $1,070,000 in 2024[30] - Depreciation and amortization expense for the nine months ended September 30, 2025, was $4,411,000, slightly down from $4,501,000 in 2024[30] - Stock-based compensation expense for the three months ended September 30, 2025, was $101,000, compared to $88,000 in 2024[30] Cash and Assets - Cash and cash equivalents decreased to $5.3 million as of September 30, 2025, from $11.3 million at December 31, 2024[17] - Loss on write down of impaired assets and associated removal costs was $0 for the three months ended September 30, 2025, compared to $188,000 in 2024[30] - Bargain purchase gain, net, was $0 for the three months ended September 30, 2025, compared to $(263,000) in 2024[30] Tax and Interest Income - Income tax benefit for the three months ended September 30, 2025, was $48,000, compared to a benefit of $(169,000) in 2024[30] - Interest income for the nine months ended September 30, 2025, was $(157,000), down from $(252,000) in 2024[30] Business Developments - The company signed a 10-year extension with an existing health system for the latest model Gamma Knife System[3] - The new radiation therapy center in Puebla, Mexico has shown significant revenue growth since its opening[3]