American Shared Hospital Services Q2 revenue rises on higher procedure volumes
AMS•American Shared Hospital Services reported Q2 revenue of $8.43 million, up 19% year over year, as procedure volumes increased. Its net loss widened due to higher legal costs and an increased credit loss allowance, while adjusted EBITDA declined.
1. Revenue growth
Q2 revenue rose 19% year over year, driven by higher procedure volumes at the company’s Rhode Island, Peru and Puebla radiation therapy centers. Proton beam radiation therapy revenue increased with higher treatment volumes and improved reimbursement per treatment.
2. Loss and outlook
The company’s net loss widened due to higher legal costs and an increased credit loss allowance, and adjusted EBITDA declined from a year earlier. It expects continued growth in direct patient services and international operations, citing strong demand for advanced radiation therapy.
3. Peru upgrade
An upgrade to the company’s Gamma Knife system in Lima improved patient throughput and contributed to stronger operating performance. The company said it is focused on strengthening its balance sheet and pursuing long-term growth opportunities.
