Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 138

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 138
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      |   4,800,000 |     |        |  -4,698,700 |     |   |  -98 | %    |
| Change in fair value of earnout liability    |     |                                     |  -2,070,000 |     |      |   2,970,000 |     |        |  -5,040,000 |     |   | -170 | %    |
| Interest expense, net                        |     |                                     |  -1,635,014 |     |      |  -3,149,315 |     |        |   1,514,301 |     |   |   48 | %    |
| Loss before income tax expense               |     |                                     | -19,692,139 |     |      |  -5,496,958 |     |        |  14,195,181 |     |   |  258 | %    |
| Income tax expense                           |     |                                     |       2,782 |     |      |           — |     |        |       2,782 |     |   |  100 | %    |
| Net loss and comprehensive loss              |     |                                   $ | -19,694,921 |     |    $ |  -5,496,958 |     | $      | -14,197,963 |     |   | -258 | %    |

__________________

N.M. - Not meaningful

#### Revenue
Revenue increased by $6,617,762 to $10,649,930 for the nine months ended September 30, 2025 from $4,032,168 for the nine months ended September 30, 2024. The increase in revenue was primarily attributable to the sale of twenty-three QT Breast Scanners in the first nine months of 2025 as compared with nine scanners sold in the

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first nine months of 2024 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 $3,416,084 to $5,208,318 for the nine months ended September 30, 2025 from $1,792,234 for the nine months ended September 30, 2024. The increase in cost of revenue was primarily attributable to the sale of twenty-three QT Breast Scanners in the