Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 167

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 167
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17 | % |
| Loss from operations                |     |                 | -5,007,959 |     |      | -5,786,294 |     |        |   -778,335 |     |   |  -13 | % |
| Other expense                       |     |                 |   -544,566 |     |      |          — |     |        |    544,566 |     |   |  100 | % |
| Interest expense, net               |     |                 |   -544,826 |     |      |   -468,174 |     |        |     76,652 |     |   |   16 | % |
| Loss before income tax expense      |     |                 | -6,097,351 |     |      | -6,254,468 |     |        |   -157,117 |     |   |   -3 | % |
| Income tax expense                  |     |                 |      1,600 |     |      |      1,600 |     |        |          — |     |   |    0 | % |
| Net loss and comprehensive loss     |     |               $ | -6,098,951 |     |    $ | -6,256,068 |     | $      |   -157,117 |     |   |   -3 | % |

#### Revenue
Revenue decreased by $667,889 to $40,355 for the year ended December 31, 2023 from $708,244 for the year ended December 31, 2022. The decrease in revenue was primarily attributable to the sale of two QT Breast Scanners in 2022 as compared with no scanners sold in 2023 due to the timing of sales orders received and availability of scanners that were earmarked and ready for sale to customers.

#### Cost of Revenue
Cost of revenue decreased by $421,937 to $134,988 for the year ended December 31, 2023 from $556,925 for the year ended December 31, 2022. The decrease in cost of revenue was primarily attributable to the sale of two QT Breast Scanners in 2022 as compared with no scanners sold in 2023, which was partially offset by inventory write-offs.

#### Operating Expenses
Research and Development Expenses

Research and development expenses decreased by $900,450 to $1,485,636 for the year ended December 31, 2023 from $2