AMS - American Shared Hospital climbs ~11% pre-market on Q4 prelim results

American Shared Hospital (NYSE:AMS) shares are up 10.43% pre-market after the firm reported prelim Q421 revenue of ~$4.7M and FY21 revenue of ~$17.7M (in line with 2020 revenue). Q4 revenue grew modestly Q/Q and rebounded from the lower levels of the previous quarter. It also represents the firm's highest reported revenue since the pandemic began. Quarterly rev, in combination with lower costs of revenue, resulted in higher preliminary gross margin and operating income than the previous three quarters of 2021. AMS's final Q4 and full-year 2021 results will be filed with the SEC upon completion of the annual year end audit, which is expected in late Mar. 2022.

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American Shared Hospital climbs ~11% pre-market on Q4 prelim results