QT Imaging Q1 revenue $1.4M (56% margin); net loss $4.3M includes $4.3M one-time costs

QT IMAGING HOLDINGS, INC.

2024-Q1 EPS reported -$0.33 revenue$1,362,163

Revenue $1.4M vs <$0.1M YoY; gross margin 56% vs negative YoY.
Net loss $4.3M includes $4.3M one-time transaction expenses and $1.9M non-cash income from warrant/derivative fair value changes.
Adjusted EBITDA -$1.2M vs -$1.1M a year ago.
Completed merger with GigCapital5 on March 4, 2024; leadership changes: CEO Raluca Dinu, CFO Stas Budagov, COO Steve Choate.
Delivered three QT Breast Scanners in Q1; entered feasibility study with strategic partner.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

QT IMAGING HOLDINGS, INC. reported First quarter of 2024 results: revenue $1.4 million, net income $4.3 million.

Period: First quarter of 2024
Revenue: $1.4 million
Net income: $4.3 million
Result: reported results

Exact text from the filing

Commercial revenue was $1.4 million for the first quarter of 2024

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1049 earnings releases filed in the last 30 days. Browse all earnings releases →

QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001844505-24-000008

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