American Shared Hospital Services Announces First Quarter 1996 Financial Results.SAN FRANCISCO--(BUSINESS WIRE)--May 16, 1996--American Shared Hospital Services (AMEX AMEX See: American Stock Exchange ,PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. : AMS AMS - Andrew Message System for common stock; AMS.A for 16 1/2% notes) Thursday announced financial results for the three months ended March 31, 1996. The Company reported unaudited revenues of $8,939,000 for the three months ended March 31, 1996, compared with revenues of 8,672,000 in the same period last year. For the three months ended March 31, 1996, the Company reported an unaudited net loss of $480,000 or $0.11 per share, compared with a net loss of $1,283,000 or $0.45 per share in the same period last year. Commenting on the first quarter financial results, Ernest A. Bates, M.D., Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Shared said, "We are very pleased with our real financial progress in first quarter 1996. Our overall revenues are up when compared with first quarter last year. Even more significant is an increase in first quarter 1996 MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. revenues of over $900,000 or about 15% vs. the same period last year. We are working to continue this financial progress in our existing operations for the balance of 1996 and beyond. We also are continuing to develop new business opportunities in our Gamma Knife and ACHES insurance services subsidiaries and in our concept for The Operating Room of the 21st Century." American Shared Hospital Services is a diversified medical services company, with interests in mobile and shared diagnostic imaging, radiotherapy, and insurance services. Headquarters are in San Francisco. -0-
AMERICAN SHARED HOSPITAL SERVICES
Financial Results
(unaudited)
3 months ended March 31
1996 1995
Revenue $8,939,000 $8,672,000 Net Loss ($ 480,000) ( $1,283,000)
Per Share Amounts:
Net Loss ($0.11) ($0.45)
Number of Common Shares and Equivalents 4,282,000 2,867,000 CONTACT: American Shared Hospital Services Richard Magary, 415/788-5300 (M-F M-F Monday Through Friday , 8am-5pm PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT ) 415/658-8003 (after hours) 415/431-2359 (home) |
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