secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001844505-24-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000008/0001844505-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000008/qti-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001844505-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer