American Shared Hospital reports a 15.9% year-over-year revenue increase despite a GAAP loss for the quarter.
American Shared Hospital Services (AMS) reported a first-quarter GAAP loss of $0.09 per share, contrasting with a 15.9% year-over-year revenue increase to $7.1 million. The company’s adjusted EBITDA climbed 18.4% to $1.1 million from $0.9 million in the same period last year.
Revenue growth was driven by higher demand for the company’s specialized medical equipment and services. The prior-year quarter had seen revenue of $6.1 million and adjusted EBITDA of $0.9 million, reflecting a steady upward trend in profitability metrics.
As of March 31, 2026, AMS held cash, cash equivalents, and restricted cash, though the release did not specify exact figures. The results highlight the company’s expanding operational scale despite the quarterly loss.