Company: QTIWW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001628280-25-051332
Chunk: 70

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 options. No dividend yield is included as the Company has not issued any dividends and do not anticipate issuing any dividends in the future.The following table shows stock-based compensation expense by functional area in the condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2025 and 2024:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Research and development$25,616 $22,248 $53,912 $36,198 Selling, general and administrative173,179 104,955 464,809 129,989 $198,795 $127,203 $518,721 $166,187 Stock-based compensation expense capitalized to inventory for three and nine months ended September 30, 2025 and 2024 was insignificant.As of September 30, 2025, the total unrecognized compensation cost related to all nonvested stock options was $1.5 million and the weighted-average period over which it is expected to be recognized is 1.27 years.

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12.    Revenue Recognition

Revenue recognized during the three and nine months ended September 30, 2025 and 2024 is disaggregated as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Product$4,147,701 $917,238 $10,534,436 $3,882,039 Service44,400 38,732 115,494 150,129 $4,192,101 $955,970 $10,649,930 $4,032,168 Revenue recognized by geography during the three and nine months ended September 30, 2025 and 2024 is as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024United States$4,181,744 $942,265 $10,617,827 $4,000,590 International10,357 13,705 32,103 31,578 $4,192,101 $955,970 $10,649,930 $4,032,168 Substantially all of the revenue recognized by the Company during the three and nine months ended September 30, 2025 and 2024 was recognized at a point in time. The Company had no contract