AMERICAN SHARED HOSPITAL SERVICES
For the period ended Dec 31, 2024. Filed Apr 4, 2025.
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FY2024 · Filed Apr 4, 2025
AMS$1.22+5.2%Stored close · as of Nov 9, 2026
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Statements of F-
AMERICAN SHARED HOSPITAL SERVICES CONSOLIDATED STATEMENTS OF INCOME
| YEARS ENDED December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Rental revenue from medical equipment leasing | $15,629,000 | $17,772,000 |
| Direct patient services revenue | 12,556,000 | 3,353,000 |
| Equipment sales, net | 155,000 | 200,000 |
| 28,340,000 | 21,325,000 | |
| Costs of revenue: | ||
| Maintenance and supplies | 2,343,000 | 2,032,000 |
| Depreciation and amortization | 6,069,000 | 5,073,000 |
| Other direct operating costs | 10,065,000 | 4,025,000 |
| Other direct operating costs, related party | 678,000 | 851,000 |
| 19,155,000 | 11,981,000 | |
| Gross margin | 9,185,000 | 9,344,000 |
| Selling and administrative expense | 7,407,000 | 7,022,000 |
| Interest expense | 1,499,000 | 1,112,000 |
| Loss on write down of impaired assets and associated removal costs | 3,084,000 | 940,000 |
| Operating (loss) income | (2,805,000) | 270,000 |
| Bargain purchase gain RI Acquisition, net of deferred income taxes of $1,220,000 | 3,794,000 | — |
| Interest and other income, net | 248,000 | 426,000 |
| Income before income taxes | 1,237,000 | 696,000 |
| Income tax (benefit) expense | (295,000) | 431,000 |
| Net income | 1,532,000 | 265,000 |
| (Plus): net loss attributable to non-controlling interests | 654,000 | 345,000 |
| Net income attributable to American Shared Hospital Services | $2,186,000 | $610,000 |
| Net income per share attributable to American Shared Hospital Services: | ||
| Earnings per common share - basic | $0.34 | $0.10 |
| Earnings per common share - diluted | $0.33 | $0.10 |
| Weighted average common shares for basic earnings per share | 6,497,000 | 6,358,000 |
| Weighted average common shares for diluted earnings per share | 6,703,000 | 6,393,000 |
See accompanying notes
F- 3
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