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Side-by-side financial comparison of Aclarion, Inc. (ACON) and AMERICAN SHARED HOSPITAL SERVICES (AMS). Click either name above to swap in a different company.

AMERICAN SHARED HOSPITAL SERVICES is the larger business by last-quarter revenue ($7.7M vs $18.5K, roughly 418.2× Aclarion, Inc.). AMERICAN SHARED HOSPITAL SERVICES runs the higher net margin — -8.2% vs -10223.7%, a 10215.6% gap on every dollar of revenue. On growth, Aclarion, Inc. posted the faster year-over-year revenue change (80.6% vs -14.8%). Over the past eight quarters, Aclarion, Inc.'s revenue compounded faster (35.2% CAGR vs 21.7%).

Aclarion, Inc. is a medical technology company focused on developing non-invasive solutions for chronic lower back pain diagnosis and treatment. Its core offerings leverage proprietary magnetic resonance spectroscopy technology to accurately identify painful intervertebral discs, serving healthcare providers and patients across the United States, with key focus on the chronic pain management and spinal care segments.

American Shared Hospital Services offers turnkey outsourced solutions for advanced radiotherapy, stereotactic radiosurgery and diagnostic imaging equipment to healthcare facilities. It eliminates high upfront capital costs for hospitals, operates primarily across North America, and also serves Latin America and select Asia-Pacific markets, catering to both public and private hospital segments.

ACON vs AMS — Head-to-Head

Bigger by revenue
AMS
AMS
418.2× larger
AMS
$7.7M
$18.5K
ACON
Growing faster (revenue YoY)
ACON
ACON
+95.4% gap
ACON
80.6%
-14.8%
AMS
Higher net margin
AMS
AMS
10215.6% more per $
AMS
-8.2%
-10223.7%
ACON
Faster 2-yr revenue CAGR
ACON
ACON
Annualised
ACON
35.2%
21.7%
AMS

Income Statement — Q4 2025 vs Q4 2025

Metric
ACON
ACON
AMS
AMS
Revenue
$18.5K
$7.7M
Net Profit
$-1.9M
$-631.0K
Gross Margin
9.7%
11.7%
Operating Margin
-10785.8%
-18.1%
Net Margin
-10223.7%
-8.2%
Revenue YoY
80.6%
-14.8%
Net Profit YoY
5.0%
52.5%
EPS (diluted)
$1.39
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACON
ACON
AMS
AMS
Q4 25
$18.5K
$7.7M
Q3 25
$18.9K
$7.2M
Q2 25
$19.3K
$7.1M
Q1 25
$19.0K
$6.1M
Q4 24
$10.2K
$9.1M
Q3 24
$14.4K
$7.0M
Q2 24
$11.0K
$7.1M
Q1 24
$10.1K
$5.2M
Net Profit
ACON
ACON
AMS
AMS
Q4 25
$-1.9M
$-631.0K
Q3 25
$-1.7M
$-17.0K
Q2 25
$-1.6M
$-280.0K
Q1 25
$-2.0M
$-625.0K
Q4 24
$-2.0M
$-1.3M
Q3 24
$-1.4M
$-207.0K
Q2 24
$-1.2M
$3.6M
Q1 24
$-2.4M
$119.0K
Gross Margin
ACON
ACON
AMS
AMS
Q4 25
9.7%
11.7%
Q3 25
23.2%
22.1%
Q2 25
26.6%
23.1%
Q1 25
-23.6%
15.4%
Q4 24
-100.9%
35.3%
Q3 24
-48.1%
19.6%
Q2 24
-112.3%
35.0%
Q1 24
-92.6%
41.1%
Operating Margin
ACON
ACON
AMS
AMS
Q4 25
-10785.8%
-18.1%
Q3 25
-9666.2%
-4.8%
Q2 25
-8988.6%
-7.7%
Q1 25
-7856.0%
-21.3%
Q4 24
-17652.7%
-20.2%
Q3 24
-8995.3%
-12.7%
Q2 24
-10350.6%
-0.0%
Q1 24
-12609.3%
-1.6%
Net Margin
ACON
ACON
AMS
AMS
Q4 25
-10223.7%
-8.2%
Q3 25
-9008.0%
-0.2%
Q2 25
-8285.9%
-4.0%
Q1 25
-10728.4%
-10.2%
Q4 24
-19444.6%
-14.6%
Q3 24
-9482.7%
-3.0%
Q2 24
-11285.0%
51.0%
Q1 24
-23720.6%
2.3%
EPS (diluted)
ACON
ACON
AMS
AMS
Q4 25
$1.39
$-0.09
Q3 25
$-2.93
$0.00
Q2 25
$-2.75
$-0.04
Q1 25
$-9.32
$-0.10
Q4 24
$-809.36
$-0.21
Q3 24
$-1321.49
$-0.03
Q2 24
$-1362.83
$0.55
Q1 24
$-3985.22
$0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACON
ACON
AMS
AMS
Cash + ST InvestmentsLiquidity on hand
$12.0M
$3.5M
Total DebtLower is stronger
$17.4M
Stockholders' EquityBook value
$12.8M
$24.0M
Total Assets
$13.7M
$55.5M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACON
ACON
AMS
AMS
Q4 25
$12.0M
$3.5M
Q3 25
$11.3M
$5.1M
Q2 25
$12.8M
$11.1M
Q1 25
$14.8M
$11.2M
Q4 24
$453.7K
$11.0M
Q3 24
$1.3M
$13.8M
Q2 24
$1.2M
$14.2M
Q1 24
$2.1M
$12.8M
Total Debt
ACON
ACON
AMS
AMS
Q4 25
$17.4M
Q3 25
$18.2M
Q2 25
$19.1M
Q1 25
$19.9M
Q4 24
$20.4M
Q3 24
$14.4M
Q2 24
$15.1M
Q1 24
$15.6M
Stockholders' Equity
ACON
ACON
AMS
AMS
Q4 25
$12.8M
$24.0M
Q3 25
$12.5M
$24.6M
Q2 25
$14.2M
$24.5M
Q1 25
$15.8M
$24.6M
Q4 24
$970.1K
$25.2M
Q3 24
$2.5M
$26.4M
Q2 24
$1.6M
$26.5M
Q1 24
$2.5M
$22.8M
Total Assets
ACON
ACON
AMS
AMS
Q4 25
$13.7M
$55.5M
Q3 25
$13.2M
$59.6M
Q2 25
$14.8M
$63.5M
Q1 25
$16.5M
$63.3M
Q4 24
$2.1M
$60.2M
Q3 24
$3.2M
$63.3M
Q2 24
$3.1M
$60.8M
Q1 24
$3.7M
$50.1M
Debt / Equity
ACON
ACON
AMS
AMS
Q4 25
0.72×
Q3 25
0.74×
Q2 25
0.78×
Q1 25
0.81×
Q4 24
0.81×
Q3 24
0.54×
Q2 24
0.57×
Q1 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACON
ACON
AMS
AMS
Operating Cash FlowLast quarter
$-1.6M
$-704.0K
Free Cash FlowOCF − Capex
$-2.7M
FCF MarginFCF / Revenue
-34.8%
Capex IntensityCapex / Revenue
25.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACON
ACON
AMS
AMS
Q4 25
$-1.6M
$-704.0K
Q3 25
$-1.2M
$1.7M
Q2 25
$-1.9M
$-372.0K
Q1 25
$-2.5M
$2.5M
Q4 24
$-922.9K
$274.0K
Q3 24
$-1.1M
$472.0K
Q2 24
$-1.1M
$1.3M
Q1 24
$-2.2M
$-1.9M
Free Cash Flow
ACON
ACON
AMS
AMS
Q4 25
$-2.7M
Q3 25
$-1.2M
$-2.0M
Q2 25
$-2.3M
Q1 25
$-1.5M
Q4 24
$-4.4M
Q3 24
$-407.0K
Q2 24
$70.0K
Q1 24
$-3.0M
FCF Margin
ACON
ACON
AMS
AMS
Q4 25
-34.8%
Q3 25
-6164.6%
-28.3%
Q2 25
-32.1%
Q1 25
-24.7%
Q4 24
-48.4%
Q3 24
-5.8%
Q2 24
1.0%
Q1 24
-58.4%
Capex Intensity
ACON
ACON
AMS
AMS
Q4 25
25.7%
Q3 25
38.6%
51.6%
Q2 25
26.9%
Q1 25
65.7%
Q4 24
51.4%
Q3 24
0.0%
12.6%
Q2 24
17.2%
Q1 24
22.7%
Cash Conversion
ACON
ACON
AMS
AMS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.36×
Q1 24
-15.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACON
ACON

Segment breakdown not available.

AMS
AMS

Direct Patient Services$4.0M51%
Rental Income From Medical Services$2.7M35%
Pbrt Services$1.2M15%

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