Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 378

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 378
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 institution that holds the Company’s cash. At times, such cash may be in excess of insured limits established by the Federal Deposit Insurance Corporation.

The Company performs ongoing credit evaluations of its customers and generally does not require collateral for accounts receivable. Payment terms range from cash in advance to 30days from delivery of products or services but may fluctuate depending on the terms of each specific contract.

Significant customers represent 10% or more of the Company’s total revenue or accounts receivable, net balance for the period ended as of each reporting date. For each significant customer, revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable are as follows:

|                           |     | Accounts Receivable, Net 
 September 30, 2024       |    |   |     | December 31, 2023 |     |   |     | Revenue            
 Three Months Ended 
 September 30,      
 2024               |    |   |     | 2023 |    |   |     | Nine Months Ended 
 September 30,     
 2024              |    |   |     | 2023 |    |   |
|:--------------------------|:----|:-------------------------|---:|:--|:----|:------------------|----:|:--|:----|:-------------------|---:|:--|:----|:-----|---:|:--|:----|:------------------|---:|:--|:----|:-----|---:|:--|
| Customers:                |     |                          |    |   |     |                   |     |   |     |                    |    |   |     |      |    |   |     |                   |    |   |     |      |    |   |
| Customer A                |     |                          | 96 | % |     |                   |     | * |     |                    | 96 | % |     |      |    | * |     |                   | 65 | % |     |      |    | * |
| Customer B                |     |                          |    | * |     |                   |     | * |     |                    |    | * |     |      |    | * |     |                   | 23 | % |     |      |    | * |
| Customer C                |     |                          |    | * |     |                   |     | * |     |                    |    | * |