QT Imaging Q1 revenue $2.8M, 65% gross margin; net loss $11.1M

QT IMAGING HOLDINGS, INC.

2025-Q1 EPS reported -$0.40 revenue$2,798,415

Revenue $2.8M (65% gross margin), up from $1.4M YoY; shipped 6 scanners vs 3 in Q1 2024.
Net loss $11.1M includes $2.0M debt extinguishment and $6.6M debt issuance costs; adj. EBITDA $(0.9)M.
Closed $10.1M Lynrock Lake term loan; $5.4M for working capital after repaying prior debt.
Entered contract manufacturing agreement with Canon Medical Systems Corp.
PIPE investment of $0.7M from board members and other investors.

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