Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 160

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 160
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8,209,778 |     |      |  198 | %    |
| Loss from operations                         |     |                   | -10,125,937 |     |      | -4,194,186 |     |        | -5,931,751 |     |      | -141 | %    |
| Other income (expense), net                  |     |                   |    -191,330 |     |      |          — |     |        |   -191,330 |     |      | -100 | %    |
| Change in fair value of warrant liability    |     |                   |     199,624 |     |      |          — |     |        |    199,624 |     |      |  100 | %    |
| Change in fair value of derivative liability |     |                   |   4,800,000 |     |      |          — |     |        |  4,800,000 |     |      |  100 | %    |
| Change in fair value of earnout liability    |     |                   |    -700,000 |     |      |          — |     |        |   -700,000 |     |      | -100 | %    |
| Interest expense, net                        |     |                   |  -3,149,315 |     |      |   -394,714 |     |        | -2,754,601 |     |      |      | N.M. |
| Net loss and comprehensive loss              |     |                 $ |  -9,166,958 |     |    $ | -4,588,900 |     | $      | -4,578,058 |     |      | -100 | %    |

N.M. - Not meaningful

#### Revenue
Revenue increased by $3,996,764 to $4,032,168 for the nine months ended September 30, 2024 from $35,404 for the nine months ended September 30, 2023. The increase in revenue was primarily attributable to the sale of nine QT Breast Scanners in the first nine months of 2024 as compared with no scanners sold in the first nine months of 2023 due to the timing of sales orders received, availability of scanners that were earmarked and ready for sale to customers.

#### Cost of Revenue
Cost of revenue increased by $1,718,737 to $1,792,234 for the nine months ended September