American Shared Hospital Services filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting a net loss of $906,000 for the third quarter and total revenues of $7,624,000, with the filing submitted on November 13, 2026.

Key Highlights

  • Total revenues of $7,624,000 for the three months ended September 30, 2026, compared to $7,171,000 in the same period of 2025, according to the filing.
  • Net loss of $906,000 for Q3 2026, widening from a net loss of $329,000 in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Net loss attributable to American Shared Hospital Services was $620,000 for Q3 2026, versus $17,000 in Q3 2025, with basic and diluted loss per share of $(0.09).
  • Nine-month net loss reached $2,866,000 for the period ended September 30, 2026, compared to $1,719,000 for the same period in 2025.
  • Cash and cash equivalents of $7,230,000 at September 30, 2026, up from $3,462,000 at December 31, 2025.
  • Total assets of $52,865,000 at September 30, 2026, compared to $55,479,000 at December 31, 2025.
  • 6,675,000 shares outstanding as of November 11, 2026, per the filing cover page.

American Shared Hospital Services Reports Wider Losses and Rising Direct Patient Services Revenue in Q3 2026

According to the filing, American Shared Hospital Services (NYSE American:AMS) reported total revenues of $7,624,000 for the three months ended September 30, 2026, an increase from $7,171,000 in the prior-year quarter. The filing attributes this change to growth in direct patient services revenue, which rose to $4,583,000 from $4,034,000 in Q3 2025, while rental revenue from medical equipment leasing declined to $3,041,000 from $3,137,000 over the same periods.

The company disclosed a gross margin of $1,519,000 for Q3 2026, compared to $1,586,000 in Q3 2025. Selling and administrative expense increased to $1,803,000 from $1,538,000, and interest expense rose to $480,000 from $392,000. The operating loss for the quarter was reported as $(764,000), widening from $(344,000) in Q3 2025. For the nine months ended September 30, 2026, the operating loss was $(2,598,000), compared to $(2,187,000) for the same period in 2025, the filing stated.

On the balance sheet, the filing reported total shareholders' equity of $25,020,000 at September 30, 2026, down from $27,691,000 at December 31, 2025. Retained earnings declined to $2,516,000 from $4,262,000 over the same period. The filing also disclosed a current portion of a promissory note with a related party, net, of $1,934,000 at September 30, 2026, which had no corresponding balance at December 31, 2025. During Q3 2026, the company recorded $79,000 related to the fair value of warrants issued with a related party promissory note, reflected in additional paid-in capital.

What Was Disclosed

American Shared Hospital Services filed its quarterly report covering the period ended September 30, 2026, disclosing wider net losses year-over-year for both the third quarter and nine-month periods, alongside changes in total assets, shareholders' equity, and the introduction of a related party promissory note.