Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 329

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 329
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 sales and services, revenue is recognized at the time the related performance obligation is satisfied by transferring the control of the promised goods or services to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. Training and maintenance services are generally recognized upon invoicing in amounts that correspond directly with the value to the customer of the performance completed to date which primarily includes professional service arrangements entered on a time and materials basis.

Substantially all of the revenue recognized by the Company during the years ended December 31, 2024 and 2023 was recognized at a point in time.

Revenue recognized during the years ended December 31, 2024 and 2023 is disaggregated as follows:

|         |     | Year Ended December 31, |      2024 |     |   |   2023 |
|:--------|:----|:------------------------|----------:|:----|:--|-------:|
| Product |     | $                       | 4,679,410 |     | $ | 17,832 |
| Service |     |                         |   199,255 |     |   | 22,523 |
|         |     | $                       | 4,878,665 |     | $ | 40,355 |

Revenue recognized by geography during the years ended December 31, 2024 and 2023 is as follows:

|               |     | Year Ended December 31, |      2024 |     |   |   2023 |
|:--------------|:----|:------------------------|----------:|:----|:--|-------:|
| United States |     | $                       | 4,823,934 |     | $ | 35,165 |
| International |     |                         |    54,731 |     |   |  5,190 |
|               |     | $                       | 4,878,665 |     | $ | 40,355 |

The Company had nocontract assets as of December 31, 2024 and 2023. The Company had contract liabilities of $ 49,365as of December 31, 2024. The Company had contract liabilities of $ 347,619as of December 31, 2023. Revenue recognized during the year ended December 31, 2024 that was previously included in contract liabilities as of December 31, 2023 was $ 39,683, while a