Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 398

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 398
---
 or services into the Company’s product.

Net Loss per Share

Basic net loss per share is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, without consideration for potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock and potentially dilutive shares of common stock equivalents outstanding for the period determined using the treasury-stock and if-converted methods. For the purposes of the diluted net loss per share calculation, common stock equivalents are considered to be potentially dilutive securities.

The following securities were excluded from the calculation of net loss per share because the inclusion would be anti-dilutive as of September 30, 2025 and 2024:

|                                            |     | September 30, 2025 |     |            |     | September 30, 2024 |     |            |
|:-------------------------------------------|:----|:-------------------|:----|-----------:|:----|:-------------------|:----|-----------:|
| Common stock warrants(1)                   |     |                    |     | 30,269,843 |     |                    |     |  7,963,212 |
| Potential shares from Pre-Paid Advance(1)  |     |                    |     |          — |     |                    |     |  3,375,660 |
| Merger consideration earnout shares(1)     |     |                    |     |  2,000,000 |     |                    |     |  3,000,000 |
| Potential shares from Cable Car Note(1)    |     |                    |     |          — |     |                    |     |    250,000 |
| Potential shares from convertible notes(1) |     |                    |     |     88,402 |     |                    |     |     83,408 |
| Options outstanding (1)                    |     |                    |     |  1,249,311 |     |                    |     |    690,645 |
|                                            |     |                    |     | 33,607,556 |     |                    |     | 15,362,925 |

__________________

(1) Share amounts as of September 30, 2024 differ from those published in prior condensed consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described