AMS American Shared Hospital Services
American Shared Hospital Services engages in leasing radiosurgery and radiation therapy equipment to healthcare providers. Its equipment includes Gamma Knife, PBRT, and IGRT. The Gamma Knife radiosurgery equipment is a non-invasive treatment for malignant and benign brain tumors, vascular malformations and trigeminal neuralgia. The company was founded by Ernest A. Bates in 1977 and is headquartered in San Francisco, CA.
Company profile
Ticker
AMS
Exchange
Website
CEO
Raymond C. Stachowiak
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
942918118
AMS stock data
()
News
American Shared Hospital Services Announces $22M Debt Refinancing and New Strategic Banking Relationship with Fifth Third Bank
13 Apr 21
American Shared Hospital Q4 EPS $(1.01) Down From $0.03 YoY, Sales $4.60M Down From $4.79M YoY
6 Apr 21
Earnings Scheduled For April 6, 2021
6 Apr 21
30 Stocks Moving In Friday's Mid-Day Session
12 Feb 21
Calendar
6 Apr 21
22 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.33M | 4.33M | 4.33M | 4.33M | 4.33M | 4.33M |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 2.85M | 788.58K | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | n/a | 10.66M | 2.95M | n/a | n/a |
Cash remaining | n/a | n/a | -6.33M | 1.37M | n/a | n/a |
Runway (months of cash) | n/a | n/a | -2.2 | 1.7 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Feb 21 | Stachowiak Raymond C | Common Stock, No Par Value | Grant | Aquire A | No | No | 2.55 | 60,000 | 153K | 238,061 |
4 Jan 21 | Sandra AJ Lawrence | Common Stock, No Par Value | Grant | Aquire A | No | No | 2.17 | 11,521 | 25K | 37,373 |
4 Jan 21 | Kelly Daniel G Jr | Common Stock, No Par Value | Grant | Aquire A | No | No | 2.17 | 11,521 | 25K | 48,664 |
4 Jan 21 | Larson David | Common Stock, No Par Value | Grant | Aquire A | No | No | 2.17 | 11,521 | 25K | 86,437 |
4 Dec 20 | Stachowiak Raymond C | Common Stock, No Par Value | Grant | Aquire A | No | No | 0 | 10,000 | 0 | 178,061 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
9.4% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 16 |
Opened positions | 2 |
Closed positions | 1 |
Increased positions | 2 |
Reduced positions | 4 |
13F shares |
Current |
---|---|
Total value | 1.2M |
Total shares | 542.37K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Dimensional Fund Advisors | 181.43K | $403K |
Bridgeway Capital Management | 125.2K | $278K |
Renaissance Technologies | 48.3K | $107K |
Vanguard | 42.02K | $93K |
Canton Hathaway | 40.1K | $89K |
Acadian Asset Management | 34.68K | $76K |
James Investment Research | 21.6K | $48K |
GWM Advisors | 21.6K | $48K |
RY Royal Bank Of Canada | 11K | $24K |
Citadel Advisors | 10.3K | $23K |
Financial report summary
?Competition
Varian Medical SystemsRisks
- The market for the Gamma Knife is limited and the Company may not be able to place additional Gamma Knife units which could negatively impact the Company's revenue and financial results.
- The Company has a high level of debt and may incur additional debt to finance its operations and if the Company is unable to secure additional credit in the future its operations and profits will be negatively impacted.
- A small number of customers account for a major portion of our revenues and the loss of any one of theses significant customers could have a material adverse effect on the Company's business and results of operations.
- The market for the company’s services is competitive and if the Company is not able to compete its business and results of operations could be negatively impacted.
- There are alternatives to the Gamma Knife and medical centers could choose to use other radiosurgery devices instead of the Gamma Knife.
- The Trading Volume of Our Common Stock is Low
Management Discussion
- ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- The COVID-19 pandemic, the resulting recession in the United States and its follow-on effects have impacted and will likely continue to impact business activity across industries, including the Company’s. During 2020, due to factors related to the COVID-19 pandemic such as delays in service at medical facilities and restrictions imposed by government agencies, and the Company’s customers in response to the spread of COVID-19, the Company experienced some delays in delivering certain Gamma Knife procedures and PBRT treatments. Similarly, the Company’s ability to conduct commercial efforts with its customers have been and are likely to continue to be disrupted as customers have turned their focus to dealing with the impact of the COVID-19 pandemic on their operations and have restricted access to their sites in efforts to contain the spread of the virus. The global nature of the pandemic has resulted in authorities implementing numerous measures designed to contain the virus, including travel bans and restrictions, border closures, quarantines, shelter-in-place orders, business limitations and shutdowns. The impact of the COVID-19 pandemic on the global economy and capital markets is significant, and on June 8, 2020 the National Bureau of Economic Research announced that the United States was in an economic recession. An extended economic recession in the United States or elsewhere could have a material adverse effect on the Company’s ability to conduct its business and to access financing, as well as on the Company’s results of operation, financial condition, liquidity and cash flows. The prioritization of COVID-19 treatment and containment has resulted in delays in decisions by the Company’s customers and their patients, obstacles to the Company’s ability to market and deliver its services, declines in treatment volumes and adverse impacts to revenues for both Gamma Knife procedures and PBRT treatments. As a result of the pandemic and related governmental actions, Gamma Knife procedures and PBRT treatments, which currently make up all of the Company’s revenue, may be impacted differently at each of the Company’s various locations and may take longer to recover than other areas of the economy, which may have a material impact on the Company's business. The Company’s Gamma Knife operations in Latin America have experienced a decline in procedures due to the COVID-19 pandemic. Our Gamma Knife and PBRT operations in the United States have also experienced negative impacts from the COVID-19 pandemic. As the COVID-19 pandemic continues to develop, additional impacts may arise that we are not aware of currently.
- The impact of the COVID-19 pandemic for the year ended December 31, 2020 has varied by location based on the stage of containment and actions by government agencies. The impact on treatments and costs in the three-month period ended March 31, 2020 did not appear material. The impact of the COVID-19 pandemic has been greater for the three-month periods ended June 30, 2020, September 30, 2020, and December 31, 2020, including declines in patient volumes and corresponding reductions in Gamma Knife procedures and reduced PBRT fractions during the second and fourth quarters.
Content analysis
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H.S. freshman Avg
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New words:
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Removed:
abuse, Administrator, affiliation, Ambulatory, applied, APS, attainment, Authority, break, Chair, classify, close, coercive, cone, configuration, conjunction, contractually, converted, corroborate, Council, creating, damage, Dean, deducted, deduction, Dentistry, depreciated, derivative, detection, distribution, elimination, enactment, Engineering, erosion, exact, exercisable, expert, exposure, facilitate, fall, Fluctuated, fluoroscopic, Froedtert, Ft, gain, GKUK, graduate, granting, Haven, hedge, hold, idle, IMRT, inadequate, incomplete, incorporation, Industrial, inflation, intensity, issue, JFK, leverage, Lutheran, machine, Memorial, Mercy, Modulated, neurosurgeon, nonqualified, Nursing, Oklahoma, opposed, OTTI, outcome, pinpoint, pinpointed, planned, Plant, positioning, predetermined, protect, qualified, radio, Rail, ratio, recipient, recognize, referenced, remained, represent, requiring, retained, retrospective, revalued, River, Rochester, round, SAB, Shareholder, sheet, Simulator, size, Speed, sublease, Sunrise, surgical, takeover, temporary, tender, twenty, UCSF, ultimately, unamortized, unrepatriated, upgraded, verify
Financial reports
10-K
2020 FY
Annual report
6 Apr 21
NT 10-K
Notice of late annual filing
1 Apr 21
10-Q
2020 Q2
Quarterly report
13 Nov 20
10-Q
2020 Q2
Quarterly report
14 Aug 20
10-Q/A
2020 Q1
Quarterly report (amended)
11 Jun 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
3 Apr 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
13 Aug 19
10-Q
2019 Q1
Quarterly report
13 May 19
Current reports
8-K
American Shared Hospital Services Announces $22 Million Debt Refinancing and New Strategic Banking Relationship with Fifth Third Bank
15 Apr 21
8-K
Results of Operations and Financial Condition
6 Apr 21
8-K
Departure of Directors or Certain Officers
2 Feb 21
8-K
American Shared Hospital Services Reports Third Quarter 2020 Financial Results
12 Nov 20
8-K
American Shared Hospital Services Announces Appointment of Raymond C. Stachowiak as CEO and Other Management Realignments
16 Sep 20
8-K
American Shared Hospital Services Reports Second Quarter 2020 Financial Results
14 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
30 Jun 20
8-K
Other Events
18 Jun 20
8-K
American Shared Hospital Services Reports First Quarter 2020 Results
11 May 20
8-K
Departure of Directors or Certain Officers
22 Apr 20
Registration and prospectus
424B3
Prospectus supplement
20 Sep 15
424B3
Prospectus supplement
11 Jun 15
S-3
Shelf registration
31 May 15
S-8
Registration of securities for employees
16 Nov 10
25
Voluntary exchange delisting
18 Mar 07
S-8
Registration of securities for employees
17 Dec 06
424B3
Prospectus supplement
26 Feb 02
S-8
Registration of securities for employees
21 Jan 02
S-8
Registration of securities for employees
12 Nov 01
POS AM
Prospectus update (post-effective amendment)
3 Apr 97
Proxies
DEFA14A
Additional proxy soliciting materials
3 Jun 20
DEF 14A
Definitive proxy
29 Apr 20
DEF 14A
Definitive proxy
30 Apr 19
DEF 14A
Definitive proxy
30 Apr 18
DEF 14A
Definitive proxy
30 Apr 17
DEF 14A
Definitive proxy
28 Apr 16
DEF 14A
Definitive proxy
29 Apr 15
DEF 14A
Definitive proxy
29 Apr 14
DEF 14A
Definitive proxy
29 Apr 13
DEF 14A
Definitive proxy
26 Apr 12
Other
CT ORDER
Confidential treatment order
16 Nov 17
CT ORDER
Confidential treatment order
21 Aug 16
CT ORDER
Confidential treatment order
16 Sep 15
EFFECT
Notice of effectiveness
10 Jun 15
CT ORDER
Confidential treatment order
3 May 15
CT ORDER
Confidential treatment order
4 Sep 14
CT ORDER
Confidential treatment order
20 Jul 14
CT ORDER
Confidential treatment order
21 Nov 13
CT ORDER
Confidential treatment order
12 Sep 13
CT ORDER
Confidential treatment order
18 Jun 13
Ownership
4
AMERICAN SHARED HOSPITAL SERVICES / Raymond C Stachowiak ownership change
3 Feb 21
4
AMERICAN SHARED HOSPITAL SERVICES / Sandra AJ Lawrence ownership change
6 Jan 21
4
AMERICAN SHARED HOSPITAL SERVICES / Daniel G Kelly Jr ownership change
6 Jan 21
4
AMERICAN SHARED HOSPITAL SERVICES / David Larson ownership change
6 Jan 21
4
AMERICAN SHARED HOSPITAL SERVICES / Raymond C Stachowiak ownership change
7 Dec 20
4
AMERICAN SHARED HOSPITAL SERVICES / Raymond C Stachowiak ownership change
5 Nov 20
4
AMERICAN SHARED HOSPITAL SERVICES / Raymond C Stachowiak ownership change
13 Oct 20
4
AMERICAN SHARED HOSPITAL SERVICES / Raymond C Stachowiak ownership change
9 Sep 20
4
AMERICAN SHARED HOSPITAL SERVICES / Raymond C Stachowiak ownership change
6 Aug 20
4
AMERICAN SHARED HOSPITAL SERVICES / Ernest Robert Bates ownership change
7 Jul 20
Transcripts
2020 Q4
Earnings call transcript
6 Apr 21
2020 Q1
Earnings call transcript
11 May 20
2019 Q4
Earnings call transcript
2 Apr 20
2019 Q3
Earnings call transcript
9 Nov 19
2019 Q2
Earnings call transcript
13 Aug 19
2019 Q1
Earnings call transcript
11 May 19
2018 Q4
Earnings call transcript
28 Mar 19
2018 Q2
Earnings call transcript
12 Aug 18
2018 Q1
Earnings call transcript
12 May 18
2017 Q4
Earnings call transcript
26 Mar 18
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