AMS's Versa HD Linac in Mexico began patient treatments this month, representing a new revenue stream set to begin in 2H24. AMS also recently signed a JV for a Gamma Knife facility in Guadalajara, Mexico, marking its 4th international O&O location. AMS will upgrade an existing Gamma Knife Perfexion system there to an Esprit & also extended another lease agreement with a planned Esprit upgrade. AMS Leasing has extended 5 leases in the past 15mos. AMS has a range of opportunities under consideration. With $14.5m in cash to support its growth initiatives & a conservative fiscal strategy that leverages JVs and an 'asset-light' approach, we expect to see new projects unveiled over the next several quarters.
