American Shared Hospital Services ( (AMS) ) has released a notification of late filing.
American Shared Hospital Services has filed a Form 12b-25 to notify a delay in submitting its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to complications arising from the acquisition of Southern New England Regional Cancer Center, LLC and Roger Williams Radiation Therapy, LLC, which required additional time for integration and accounting processes. Furthermore, the recent appointment of a new Chief Financial Officer necessitated extra time to ensure the accuracy of financial statements. The company anticipates filing the report within the 15-day extension period granted under Rule 12b-25. Financially, the company expects a significant increase in net income for 2024, driven by increased revenues from the acquisition, despite some offsetting costs. The notification includes forward-looking statements, and the company is committed to completing the filing promptly. The notification is signed by Raymond C. Stachowiak, the Executive Chairman and CEO.
More about American Shared Hospital Services
YTD Price Performance: -10.22%
Average Trading Volume: 15,121
Technical Sentiment Signal: Hold
Current Market Cap: $18.04M
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