Q2 2026 American Shared Hospital Services Earnings Call Transcript

Aug 13, 2026 / 05:00 PM GMT

Release Date Price: $1.6 (+3.90%)

Transcript 10-Q8-K

Key Points

Positve

Strong revenue growth of 19% year-over-year in Q2 2026, reaching $8.4 million, with first-half revenue up 18% to $15.5 million.
Direct patient services segment revenue surged 40% in Q2, driven by higher procedure volumes at Rhode Island centers and international facilities.
Proton beam radiation therapy revenue increased 22% year-over-year, benefiting from higher treatment volumes and improved reimbursement.
Operating cash flow improved significantly, generating $4.4 million in the first half of 2026, and cash balance rose over 80% to $6.8 million.
International operations, including Peru and Puebla, Mexico, showed strong performance, with the ESPRIT upgrade enhancing patient throughput and utilization.

Negative

Reported net loss increased due to a $909,000 allowance for credit losses on Rhode Island receivables, reflecting collection issues with insurance carriers.
Selling and administrative expenses rose, including $285,000 in legal and professional costs related to negotiating the Third Amendment with Fifth Third Bank.
The company entered into a Third Amendment and forbearance agreement with Fifth Third Bank, which includes provisions to pursue asset sales, raising concerns about potential divestitures.
Domestic Gamma Knife leasing volumes declined due to the expiration of one customer agreement, partially offsetting gains in other segments.
Gross margin was modestly below last year's level, impacted by the expansion of the direct patient services business, which carries a different cost structure.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMS.A - American Shared Hospital Services
Q2 2026 American Shared Hospital Services Earnings Call
Aug 13, 2026 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the American Shared Hospital Services second quarter 2026 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch tone phone.

To withdraw your question, please press then 2. Please note this event is being recorded. I would now like to turn the conference over to Kieran Smith, Investor Relations. Please go ahead.

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Unidentified_2

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