The following is a summary of the American Shared Hospital Services (AMS) Q2 2024 Earnings Call Transcript:

Financial Performance:

• AMS reported Q2 2024 revenue of $7.1 million, marking a 27% year-over-year increase.

• Gross margin stood at 35%, influenced by a mix change and strong growth in the retail segment.

• Net income was $3.6 million, equivalent to $0.55 per share, significantly up from a loss in the prior year's quarter, largely due to a $3.7 million after-tax gain from the Rhode Island acquisition.

• Operating income was breakeven, impacted by costs related to the Rhode Island acquisition.

Business Progress:

• Successfully integrated the Rhode Island acquisition, adding $4.9 million in pretax gains.

• Extended five lease agreements with Gamma Knife customers in the U.S., reflecting confidence in AMS' business model.

• Expanded international operations with new treatment facilities in Ecuador and Mexico and planned growth in radiation therapy services.

Opportunities:

• Strategic acquisitions and business model enhancements, particularly in direct patient services, are expected to drive future revenue streams.

• The upcoming establishment of a proton beam radiation therapy center in Rhode Island, which will be uniquely positioned between New York City and Boston.

Risks:

• Cyclical volume changes in the proton therapy system affected revenue negatively during the quarter.

• The planned upgrades and service expansions, such as at Sacred Heart, could potentially lead to operational downtime affecting service continuity.

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