Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 313

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 313
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 from those published in prior consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, The Company and Summary of Significant Accounting Policies). Specifically, the number of common shares outstanding during periods before the Reverse Stock Split are divided by the exchange ratio of 3:1, such that each three shares of common stock were combined and reconstituted into one share of common stock effective October 23, 2025.

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-4</div>

#### QT IMAGING HOLDINGS, INC.

### Consolidated Statements of Operations and Comprehensive Loss

#### For the years ended December 31, 2024 and 2023
|                                                                                            |     | Year Ended December 31, |        2024 |     |   |       2023 |
|:-------------------------------------------------------------------------------------------|:----|:------------------------|------------:|:----|:--|-----------:|
| Revenue                                                                                    |     | $                       |   4,878,665 |     | $ |     40,355 |
| Cost of revenue                                                                            |     |                         |   2,238,820 |     |   |    134,988 |
| Gross profit (loss)                                                                        |     |                         |   2,639,845 |     |   |    -94,633 |
| Operating expenses:                                                                        |     |                         |             |     |   |            |
| Research and development                                                                   |     |                         |   3,267,340 |     |   |  1,485,636 |
| Selling, general and administrative                                                        |     |                         |  11,549,512 |     |   |  3,427,690 |
| Total operating expenses                                                                   |     |                         |  14,816,852 |     |   |  4,913,326 |
| Loss from operations                                                                       |     |                         | -12,177,007 |     |   | -5,007,959 |
| Other expense, net                                                                         |     |                         |    -560,648 |     |   |   -544,566 |
| Change in fair value of warrant liability                                                  |     |                         |     187,173 |     |   |          — |
| Change in fair value of derivative liability                                               |     |                         |   4,817,600 |     |   |          —