Company: QTIWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001844505-25-000083
Chunk: 21

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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-in capital46,750,884 22,399,567 Accumulated deficit(47,078,042)(31,940,527)Total stockholders’ deficit(324,294)(9,538,284)Total liabilities and stockholders’ deficit$11,631,817 $6,086,673 

The accompanying notes are an integral part of these condensed consolidated financial statements.1

Table of ContentsQT IMAGING HOLDINGS, INC.Condensed Consolidated Statements of Operations and Comprehensive Loss(Unaudited)

Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Revenue$3,659,414 $1,714,035 $6,457,829 $3,076,198 Cost of revenue1,832,337 839,484 2,818,890 1,441,567 Gross profit1,827,077 874,551 3,638,939 1,634,631 Operating expenses:Research and development900,694 925,082 1,752,946 1,567,628 Selling, general and administrative1,969,362 2,169,541 3,970,703 7,865,752 Total operating expenses2,870,056 3,094,623 5,723,649 9,433,380 Loss from operations(1,042,979)(2,220,072)(2,084,710)(7,798,749)Other income (expense), net9,498 (187,394)(8,739,955)(208,325)Change in fair value of warrant liability(2,796,350)213,942 (3,501,079)190,819 Change in fair value of derivative liability— 1,729,700 101,300 4,712,800 Change in fair value of earnout liability210,000 310,000 160,000 2,920,000 Interest expense, net(378,902)(1,095,050)(1,070,289)(1,694,009)Loss before income tax expense(3,998,733)(1,248,874)(15,134,733)(1,877,464)Income tax expense2,782 — 2,782 — Net loss and comprehensive loss(4,001,515)(1,248