American Shared Hospital Reports Q3 2026 Revenue Growth Amidst Net Loss and Margin Pressure
American Shared Hospital (AMS) reported third-quarter 2026 revenue of $7.6 million, a 6.3% increase year-over-year. This growth was primarily driven by the Direct Patient Services segment, which saw a 13.6% rise fueled by radiation therapy facilities in Rhode Island and international Gamma Knife operations. Despite higher revenues, the company reported a net loss of $620,000 ($0.09 per diluted share), compared to a much smaller loss in the prior-year period. Profitability was impacted by rising operating costs at domestic and international facilities, leading to a gross margin contraction from 22.1% to 19.9%. Additionally, selling and administrative expenses rose to $1.8 million due to legal and consulting fees related to credit agreements. On a positive note, the company strengthened its liquidity position, reporting $9.5 million in cash as of September 30, 2026, up from $3.7 million at the end of 2025.
Tickers: $AMS
Topics: Direct Patient Services Gamma Knife Procedure Volume Gross Margin Medical Equipment Leasing Revenue Growth