earnings
confidence high
sentiment negative
materiality 0.75
QT Imaging FY2024 revenue rises to $4.88M; net loss widens to $8.98M
QT IMAGING HOLDINGS, INC.
2025-FY EPS reported
-$2.01
revenue$18,925,000
- Revenue surged to $4,878,665 from $40,355 in 2023, driven by new distribution agreement.
- Net loss of $8,984,880 vs $6,098,951; includes $5.19M deemed dividend on warrant modification.
- Operating cash burn was $10.03M; cash balance only $1.17M as of Dec 31, 2024.
- Total liabilities of $15.6M exceed total assets of $6.1M; stockholder deficit is $9.54M.
- Company warns it needs additional capital to sustain operations and may not achieve profitability.