QT Imaging Q2 2024 revenue $1.7M, 51% gross margin; partners with OU cancer center

QT IMAGING HOLDINGS, INC.

2024-Q2 EPS reported -$0.62 revenue$3,076,198

Revenue of $1.7M in Q2 2024, up from $1.4M in Q1 2024 and <$0.1M in Q2 2023.
Gross margin of 51%, down from 56% QoQ due to weighted average cost variability.
Shipped four Breast Acoustic CT scanners in Q2; three via strategic distributor; now five U.S. commercial sites.
Signed U.S. exclusive distribution agreement and partnership with University of Oklahoma/OU Health Stephenson Cancer Center for AI/ML development.

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