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Side-by-side financial comparison of AMERICAN SHARED HOSPITAL SERVICES (AMS) and NeoVolta Inc. (NEOV). 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 $4.6M, roughly 1.7× NeoVolta Inc.). AMERICAN SHARED HOSPITAL SERVICES runs the higher net margin — -8.2% vs -119.2%, a 111.1% gap on every dollar of revenue. On growth, NeoVolta Inc. posted the faster year-over-year revenue change (333.5% vs -14.8%). Over the past eight quarters, NeoVolta Inc.'s revenue compounded faster (304.5% CAGR vs 21.7%).

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.

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

AMS vs NEOV — Head-to-Head

Bigger by revenue
AMS
AMS
1.7× larger
AMS
$7.7M
$4.6M
NEOV
Growing faster (revenue YoY)
NEOV
NEOV
+348.3% gap
NEOV
333.5%
-14.8%
AMS
Higher net margin
AMS
AMS
111.1% more per $
AMS
-8.2%
-119.2%
NEOV
Faster 2-yr revenue CAGR
NEOV
NEOV
Annualised
NEOV
304.5%
21.7%
AMS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
AMS
AMS
NEOV
NEOV
Revenue
$7.7M
$4.6M
Net Profit
$-631.0K
$-5.5M
Gross Margin
11.7%
16.6%
Operating Margin
-18.1%
-96.4%
Net Margin
-8.2%
-119.2%
Revenue YoY
-14.8%
333.5%
Net Profit YoY
52.5%
-470.3%
EPS (diluted)
$-0.09
$-0.16

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
AMS
AMS
NEOV
NEOV
Q4 25
$7.7M
$4.6M
Q3 25
$7.2M
$6.7M
Q2 25
$7.1M
$4.8M
Q1 25
$6.1M
$2.0M
Q4 24
$9.1M
$1.1M
Q3 24
$7.0M
$590.2K
Q2 24
$7.1M
$579.2K
Q1 24
$5.2M
$283.9K
Net Profit
AMS
AMS
NEOV
NEOV
Q4 25
$-631.0K
$-5.5M
Q3 25
$-17.0K
$-1.2M
Q2 25
$-280.0K
$-1.6M
Q1 25
$-625.0K
$-1.4M
Q4 24
$-1.3M
$-971.1K
Q3 24
$-207.0K
$-964.5K
Q2 24
$3.6M
Q1 24
$119.0K
$-589.5K
Gross Margin
AMS
AMS
NEOV
NEOV
Q4 25
11.7%
16.6%
Q3 25
22.1%
23.7%
Q2 25
23.1%
12.1%
Q1 25
15.4%
25.5%
Q4 24
35.3%
30.2%
Q3 24
19.6%
15.7%
Q2 24
35.0%
3.0%
Q1 24
41.1%
58.5%
Operating Margin
AMS
AMS
NEOV
NEOV
Q4 25
-18.1%
-96.4%
Q3 25
-4.8%
-12.8%
Q2 25
-7.7%
-30.2%
Q1 25
-21.3%
-68.1%
Q4 24
-20.2%
-88.4%
Q3 24
-12.7%
-163.6%
Q2 24
-0.0%
Q1 24
-1.6%
-211.5%
Net Margin
AMS
AMS
NEOV
NEOV
Q4 25
-8.2%
-119.2%
Q3 25
-0.2%
-18.7%
Q2 25
-4.0%
-34.7%
Q1 25
-10.2%
-72.0%
Q4 24
-14.6%
-90.6%
Q3 24
-3.0%
-163.4%
Q2 24
51.0%
Q1 24
2.3%
-207.6%
EPS (diluted)
AMS
AMS
NEOV
NEOV
Q4 25
$-0.09
$-0.16
Q3 25
$0.00
$-0.04
Q2 25
$-0.04
$-0.05
Q1 25
$-0.10
$-0.04
Q4 24
$-0.21
$-0.03
Q3 24
$-0.03
$-0.03
Q2 24
$0.55
Q1 24
$0.02
$-0.02

Balance Sheet & Financial Strength

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

Metric
AMS
AMS
NEOV
NEOV
Cash + ST InvestmentsLiquidity on hand
$3.5M
$242.4K
Total DebtLower is stronger
$17.4M
Stockholders' EquityBook value
$24.0M
$5.0M
Total Assets
$55.5M
$10.1M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMS
AMS
NEOV
NEOV
Q4 25
$3.5M
$242.4K
Q3 25
$5.1M
$889.8K
Q2 25
$11.1M
$794.8K
Q1 25
$11.2M
$536.0K
Q4 24
$11.0M
$328.7K
Q3 24
$13.8M
$393.4K
Q2 24
$14.2M
$986.4K
Q1 24
$12.8M
$1.0M
Total Debt
AMS
AMS
NEOV
NEOV
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
AMS
AMS
NEOV
NEOV
Q4 25
$24.0M
$5.0M
Q3 25
$24.6M
$2.1M
Q2 25
$24.5M
$2.9M
Q1 25
$24.6M
$3.8M
Q4 24
$25.2M
$3.3M
Q3 24
$26.4M
$3.9M
Q2 24
$26.5M
$4.6M
Q1 24
$22.8M
$5.1M
Total Assets
AMS
AMS
NEOV
NEOV
Q4 25
$55.5M
$10.1M
Q3 25
$59.6M
$8.4M
Q2 25
$63.5M
$6.8M
Q1 25
$63.3M
$5.7M
Q4 24
$60.2M
$4.0M
Q3 24
$63.3M
$4.2M
Q2 24
$60.8M
$4.7M
Q1 24
$50.1M
$5.2M
Debt / Equity
AMS
AMS
NEOV
NEOV
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
AMS
AMS
NEOV
NEOV
Operating Cash FlowLast quarter
$-704.0K
$-2.1M
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
AMS
AMS
NEOV
NEOV
Q4 25
$-704.0K
$-2.1M
Q3 25
$1.7M
$-2.5M
Q2 25
$-372.0K
$-924.2K
Q1 25
$2.5M
$-2.1M
Q4 24
$274.0K
$-858.3K
Q3 24
$472.0K
$-593.0K
Q2 24
$1.3M
$-1.0M
Q1 24
$-1.9M
$-485.3K
Free Cash Flow
AMS
AMS
NEOV
NEOV
Q4 25
$-2.7M
Q3 25
$-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
AMS
AMS
NEOV
NEOV
Q4 25
-34.8%
Q3 25
-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
AMS
AMS
NEOV
NEOV
Q4 25
25.7%
Q3 25
51.6%
Q2 25
26.9%
Q1 25
65.7%
Q4 24
51.4%
Q3 24
12.6%
Q2 24
17.2%
Q1 24
22.7%
Cash Conversion
AMS
AMS
NEOV
NEOV
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

AMS
AMS

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

NEOV
NEOV

Segment breakdown not available.

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