The following is a summary of the American Shared Hospital Services (AMS) Q4 2023 Earnings Call Transcript:

Financial Performance:

• American Shared Hospital Services reported Q4 revenue of $5.7 million, a YoY increase of 13%.

• Gross margin for the same period was $2.8 million or 49% of revenue, a rise of 24% YoY.

• The EPS for the company stood at $0.06, in spite of additional costs and asset reserves.

• For the entire year of 2023, the revenue increased by 8% reaching $21.3 million, and gross margin was $9.3 million, a rise of 11.5%.

• The cash and equivalent at year end stood at $13.8 million, approximately equal to $2.19 per share.

Business Progress:

• AMS ended the year with a robust sales pipeline, due to improvements in the sales team, expanding financial solutions and closer integration with strategic OEMs.

• The company executed equipment upgrades in Ecuador, driving volume growth.

• The company is planning to open an international center in Puebla, Mexico in Q2 2024 and expand business models to include development of their own majority-owned Proton Beam and radiation oncology centers in the US.

• AMS acquired a majority interest in three radiation therapy cancer centers in Rhode Island, signaling its entry into direct patient services in the US.

• The company expects further growth from international business due to additional treatment capacities in Ecuador, the new center in Puebla, and projected closing of the Rhode Island acquisition.

More details: American Shared Hospital Services IR

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