Quarterly ResultMay 13, 2026, 08:26 AM
QT Imaging Q1 Revenue +133% to $6.53M; Net Loss Narrows to $3.41M
AI Summary
QT Imaging Holdings reported a significant increase in revenue for the first quarter of 2026, reaching $6.53 million, a 133% rise from the prior year. The company also substantially narrowed its net loss to $3.41 million, down from $11.14 million in Q1 2025. Strategic developments include uplisting to the Nasdaq Capital Market, extending the maturity of its Lynrock Lake Term Loan, and securing distribution agreements with substantial minimum order quantities, which are expected to fund operations for the next 12 months.
Key Highlights
- Revenue for Q1 2026 increased 133% to $6.53 million from $2.80 million in Q1 2025.
- Net loss for Q1 2026 narrowed to $3.41 million from $11.14 million in Q1 2025.
- Net loss per share improved to $(0.25) in Q1 2026 from $(1.21) in Q1 2025.
- Cash and cash equivalents were $6.90 million as of March 31, 2026.
- Lynrock Lake Term Loan maturity extended from March 2027 to March 2029, with interest rate increasing to 12%.
- NXC Distribution Agreement provides MOQs of 60 scanners for over $28 million revenue in 2026.
- Gulf Medical Distribution Agreement includes MOQs of 92 scanners for over $51 million revenue (2026-2028).
- Al Naghi Distribution Agreement includes MOQs of 43 scanners for over $24 million revenue (2026-2028).
Price Impact
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