Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 394

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 394
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     |                   |    |   |     |         |                    |   |     |      |    |   |     |      |                  |   |     |      |    |   |
| Customer A |     |               |                       99 | % |     |                   | 13 | % |     |         |                 99 | % |     |      | 75 | % |     |      |               98 | % |     |      | 56 | % |
| Customer B |     |               |                          | * |     |                   |    | * |     |         |                    | * |     |      |    | * |     |      |                  | * |     |      | 30 | % |
| Customer C |     |               |                          | * |     |                   | 12 | % |     |         |                    | * |     |      | 24 | % |     |      |                  | * |     |      | 13 | % |
| Customer D |     |               |                          | * |     |                   | 62 | % |     |         |                    | * |     |      |    | * |     |      |                  | * |     |      |    | * |
|            |     |               |                       99 | % |     |                   | 87 | % |     |         |                 99 | % |     |      | 99 | % |     |      |               98 | % |     |      | 99 | % |

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* Total less than 10% for the period.

There are inherent risks whenever a large percentage of total revenue is concentrated in a limited number of customers. Should a significant customer which is a party to a contract with the Company under which the Company derives revenue terminate or fail to renew its contracts with the Company, in whole or in part, for any reason, or experience significant financial or operating difficulties, it could have a material adverse effect on the Company’s financial condition and results of operations. In general, a customer that makes up a significant portion of revenues in one period, may not make up a significant portion in subsequent periods. However, as the Company has entered into a Distribution Agreement (“NXC Distribution Agreement”) with NXC on June 18, 2024, and as amended by the Amended Distribution Agreement on December 11, 2024, which was further amended on March 28, 2025, by which