American Shared Hospital Services Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:15 pm EDT
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American Shared Hospital Services reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 5.03 million compared to USD 4.48 million a year ago. Net income was USD 0.497 million compared to net loss of USD 0.087 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 9.88 million compared to USD 8.84 million a year ago. Net income was USD 0.766 million compared to net loss of USD 0.058 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
American Shared Hospital Services is a provider of financial and turnkey solutions to cancer treatment centers, hospitals, and large cancer networks worldwide. Its products include MR Guided Radiation Therapy Linacs, Advanced Linear Accelerators, Proton Beam Therapy systems, Brachytherapy systems, and through its GK Financing partnership with Elekta, the Leksell Gamma Knife product and services. PBRT is an alternative to traditional external beam, photon-based radiation delivered by linear accelerators. PBRT treats prostate, brain, spine, head and neck, lung, breast, gastrointestinal tract and pediatric tumors. The Gamma Knife treats selected malignant and benign brain tumors, arteriovenous malformations, and functional disorders including trigeminal neuralgia (facial pain). It typically provides the equipment and planning, installation, reimbursement and marketing support services. It also operates three fully functional turn-key radiation therapy cancer centers in Rhode Island.