American Shared Hospital Services ( (AMS) ) has released its Q4 earnings. Here is a breakdown of the information American Shared Hospital Services presented to its investors.
American Shared Hospital Services (AMS) is a prominent provider of stereotactic radiosurgery equipment and advanced radiation therapy cancer treatment services, operating primarily through leasing and direct patient care segments. The company is recognized for its strategic partnerships with health systems to deliver integrated cancer care.
American Shared Hospital Services reported a robust financial performance for the year 2024, highlighted by significant revenue growth and strategic expansions. The company announced a 32.9% increase in revenue year-over-year, driven by its strategic expansion and operational strength, alongside the appointment of Gary Delanois as the new Chief Executive Officer.
Key financial metrics for 2024 include a remarkable 253.4% increase in direct patient services revenue and a 258.4% rise in net income attributable to the company. The adjusted EBITDA also saw an 8.5% increase, reflecting the company’s focus on operational efficiencies and strategic growth. The acquisition of radiation therapy centers in Rhode Island and the opening of a new facility in Puebla, Mexico, were pivotal in this growth trajectory.
Despite a decrease in revenue from the leasing segment and a slight decline in proton therapy revenue, AMS’s gross margin improved in the fourth quarter compared to the third quarter. The company continues to focus on expanding its footprint and enhancing operational efficiencies to drive future profitability.
Looking ahead, American Shared Hospital Services is poised for sustainable long-term growth, with a strong business development pipeline and a commitment to innovation. The company’s management remains optimistic about capitalizing on new business opportunities and expanding its health system partnerships to ensure continued success in the evolving healthcare landscape.