Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 139

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 139
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   |  -98 | %    |
| Change in fair value of earnout liability    |     |                               |     160,000 |     |      |  2,920,000 |     |        |  -2,760,000 |     |   |  -95 | %    |
| Interest expense, net                        |     |                               |  -1,070,289 |     |      | -1,694,009 |     |        |     623,720 |     |   |   37 | %    |
| Loss before income tax expense               |     |                               | -15,134,733 |     |      | -1,877,464 |     |        |  13,257,269 |     |   |  706 | %    |
| Income tax expense                           |     |                               |       2,782 |     |      |          — |     |        |       2,782 |     |   |  100 | %    |
| Net loss and comprehensive loss              |     |                             $ | -15,137,515 |     |    $ | -1,877,464 |     | $      | -13,260,051 |     |   | -706 | %    |

__________________

N.M. - Not meaningful

#### Revenue
Revenue increased by $3,381,631 to $6,457,829 for the six months ended June 30, 2025 from $3,076,198 for the six months ended June 30, 2024. The increase in revenue was primarily attributable to the sale of fourteen QT Breast Scanners in the first six months of 2025 as compared with seven scanners sold in the first six months of 2024

<div align='center'>85</div>

due to the MOQs in accordance with the amended NXC Distribution Agreement, which was executed during the fourth quarter of 2024.

#### Cost of Revenue
Cost of revenue increased by $1,377,323 to $2,818,890 for the six months ended June 30, 2025 from $1,441,567 for the six months ended June 30, 2024. The increase in cost of revenue was primarily attributable to the sale of fourteen QT Breast Scanners in the first six months of 2025 as compared with seven scanners sold in the first six months of 2024. Gross margin increased in the six months ended June