Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 142

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 142
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,082 |     |     |   -3 | %    |
| Change in fair value of warrant liability    |     |                        |     187,173 |     |   |          — |     |        |    187,173 |     |     |  100 | %    |
| Change in fair value of derivative liability |     |                        |   4,817,600 |     |   |          — |     |        |  4,817,600 |     |     |  100 | %    |
| Change in fair value of earnout liability    |     |                        |   3,230,000 |     |   |          — |     |        |  3,230,000 |     |     |  100 | %    |
| Interest expense, net                        |     |                        |  -4,497,781 |     |   |   -544,826 |     |        | -3,952,955 |     |     | -726 | %    |
| Loss before income tax expense (benefit)     |     |                        |  -9,000,663 |     |   | -6,097,351 |     |        | -2,903,312 |     |     |  -48 | %    |
| Income tax expense (benefit)                 |     |                        |     -15,783 |     |   |      1,600 |     |        |    -17,383 |     |     |      | N.M. |
| Net loss and comprehensive loss              |     | $                      |  -8,984,880 |     | $ | -6,098,951 |     | $      | -2,885,929 |     |     |  -47 | %    |

__________________

N.M. - Not meaningful

#### Revenue
Revenue increased by $4,838,310 to $4,878,665 for the year ended December 31, 2024 from $40,355 for the year ended December 31, 2023. The increase in revenue was primarily attributable to the sale of eleven QT Breast Scanners in the year of 2024 as compared with no scanners sold in the year of 2023 due to the timing of sales orders received, availability of scanners that were earmarked and ready for sale to customers.

#### Cost of Revenue
Cost of revenue increased by $2,103,832 to $2