Earnings summaries and quarterly performance for QT IMAGING HOLDINGS.
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QT Imaging Holdings, Inc. Reports 2024 Financial Results and Recent Corporate Actions
QTI
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- QT Imaging Holdings, Inc. reported a significant increase in revenue to $4,878,665 for the year ended December 31, 2024, up from $40,355 in 2023, alongside an increased net loss attributable to common stockholders of $(14,170,382) for 2024, compared to $(6,098,951) in the prior year.
- As of December 31, 2024, the company's financial position included total assets of $6,086,673 and total liabilities of $15,624,957, resulting in a stockholders' deficit of $(9,538,284). Cash and restricted cash at year-end 2024 stood at $1,192,104.
- The company entered into an Amended Distribution Agreement with NXC Imaging in December 2024, securing minimum order quantities of $18.0 million for 2025 and $27.0 million for 2026.
- In February 2025, the company secured a $10.1 million senior secured term loan from Lynrock Lake, which was later increased by $5.0 million in August 2025, and completed an October 2025 Private Placement raising approximately $18.18 million.
- A 3:1 reverse stock split became effective on October 23, 2025, retroactively adjusting all share and per share amounts in the financial statements.
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