The following is a summary of the American Shared Hospital Services (AMS) Q1 2024 Earnings Call Transcript:

Financial Performance:

• American Shared Hospital Services reported a Q1 2024 revenue of $5.2 million, marking a 5.9% increase from the same period last year.

• Gross margin rose by 12.3% to $2.1 million, representing a 41% gross margin percentage.

• Net income for the quarter came in at $119,000 or $0.02 per share, as opposed to $188,000 or $.03 per share in Q1 2023.

Business Progress:

• AMS acquired three radiation therapy centers in Rhode Island in Q1, leading to a boost in revenue.

• Greg Mercurio was appointed the Senior Vice President of Radiation Oncology.

• There were improvements seen in patient experience and volume in Peru and Ecuador sites, but others saw a slight dip in revenue due to equipment upgrades.

• Company plans to inaugurate a new center in Puebla, Mexico in the next 60 days, with further expansion strategies to develop proton beam and radiation oncology centers in the U.S.

• The company has applied to run a proton beam radiation therapy center in Rhode Island.

• Leasing revenue increased by 0.6%, and revenue from the retail segment saw a significant increase due to improved service offerings in Peru and Ecuador.

• Future growth is expected from further recruitment and relationship building efforts.

More details: American Shared Hospital Services IR

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