American Shared Hospital Services
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $9.7M
- Price
- $1.50
- % Change (Daily % change from the live per-ticker quote feed.)
- -6.25%
- Volume
- 29.5K
About
American Shared Hospital Services leases radiosurgery and radiation therapy equipment to health care providers. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a non-invasive procedure to treat malignant and benign brain tumors, and arteriovenous malformations, as well as for trigeminal neuralgia. It also provides financing services for Leksell Gamma Knife units. In addition, the company offers proton beam radiation therapy services in Orlando, Florida and Long Beach, California, as well as offers planning, installation, reimbursement, and marketing support services to its customers. As of December 31, 2021, it had 115 operating Gamma Knife units located in the United States, as well as two in South America in Lima, Peru and Guayaquil, Ecuador. The company also operates one PBRT system. American Shared Hospital Services was founded in 1980 and is based in San Francisco, California.
Quick stats
Shares outstanding6.6M
Computed float4.4M
Float / shares66.6%
Key info
SectorHealthcare
IndustryMedical - Care Facilities
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000744825
Websitehttps://ashs.com
AI Summary
AI-generated1/20
majormixedearnings
American Shared Hospital Services Reports Second Quarter and First Half 2026 Financial Results
American Shared Hospital Services reported Q2 revenue of $8.4 million, a 19% increase year-over-year, fueled by strong growth in Direct Patient Services and Proton Beam Radiation Therapy.
Despite the top-line gains, the company recorded a net loss of $0.07 per share and entered into a Third Amendment and Forbearance Agreement with Fifth Third Bank to restructure its debt obligations.
The firm secured $2.0 million in subordinated financing from an entity controlled by the Executive Chairman to bolster liquidity, while first-half operating cash flow reached $4.4 million.
Red flags
- Entered into Forbearance Agreement and Third Amendment to Credit Agreement with Fifth Third Bank
- Net loss widened to $514,000 in Q2 2026 from $280,000 in Q2 2025
- Subordinated financing sourced from entity controlled by Executive Chairman (RCS/TIG Holdings)
- Adjusted EBITDA declined to $1.3 million from $1.7 million in the prior year quarter