Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 157

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 157
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;

• Duration of subject participation in any trials and follow-ups;

• The countries and jurisdictions in which the trials are conducted;

• Length of time required to enroll eligible subjects and initiate trials;

• Per trial subject costs;

• Number of trials required for regulatory approval;

• The timing, receipt, and terms of any marketing approvals from applicable regulatory authorities;

• The success of our distribution arrangements, and our ability to establish new licensing or collaboration arrangements;

• Establishing contract manufacturing partnerships or making arrangements with third-party manufacturers;

• The hiring and retention of research and development personnel;

• Obtaining, maintaining, defending, and enforcing intellectual property rights; and

• The phases of development of our product candidates.

Any changes in the outcome of any of these variables with respect to the development of our products or product candidates could significantly change the costs and timing associated with the development of these products and product candidates.

Selling, General and Administrative Expenses

Selling, general and administrative expenses consist primarily of personnel costs, costs related to maintenance and filings of intellectual property, and other expenses for outside professional services, including legal, consulting, investor relations, audit and accounting services. Our personnel costs consist of salaries, benefits and stock-based compensation expenses. Selling, general and administrative expenses include facilities, depreciation and other expenses, which include direct or allocated expenses for rent and maintenance of facilities and insurance. Selling, general and administrative expenses also include consulting expenses and costs for conferences, meetings, and other events.

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We anticipate that our selling, general and administrative expenses will increase to support our expanding headcount and operations, increased costs of operating as a public company, the development of a commercial infrastructure to support commercialization of our products and product candidates, increased support for existing and new distribution partner relationships, and the use of outside service providers such as insurers, consultants, lawyers, and accountants. We also expect selling expenses to increase in the near term as we promote our brand through marketing and advertising initiatives, expand market presence and hire additional personnel to drive penetration and generate leads.

#### Results of Operations
Comparison of the three months ended September 30, 2024 and 2023

|                                              |     | For Three Months Ended 
          September 30, |            |     |      |            |     | Change |            |     |      |      |      |
|:---------------------------------------------|:----|-----------------------:|-----------:|:----|-----:|-----------:|:----|:-------|-----------:|:----