Q1 Revenue Reaches $6.5M, Up from $2.8M Last Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy QTI?
Reports Q1 revenue $6.5M vs. $2.8M last year. "We continued to execute during the first quarter, making meaningful progress across commercialization, regulatory execution, and clinical validation," said Dr. Raluca Dinu, CEO. "During the quarter, we shipped 13 QT Breast Acoustic CT systems, in line with our commercial distribution commitments, secured a dedicated Category III CPT code for our technology that becomes effective as of January 2027, and received FDA 510(k) clearance for enhancements that improve visualization of posterior breast tissue. Recently, the maturity date of our senior secured term loan with our lender was extended by two years from March 31, 2027 to March 31, 2029. This extension provides the Company with additional financial flexibility as we continue executing on our commercial, clinical, and strategic growth initiatives. "Importantly, we also expanded internationally with regulatory clearance in the United Arab Emirates, supporting a previously established multiyear commercial agreement in the region. At the same time, we advanced our technology platform through the launch of the QT Imaging-Olea Viewer and released a meaningful software improvement focused on reflection image quality, workflow, and quantitative analysis. Our clinical strategy continues to gain momentum through investigator studies at leading institutions that demonstrate strong concordance between QTscan and MRI. We believe QTscan is uniquely positioned as a radiation-free, compression-free, true 3D breast-imaging platform capable of providing quantitative information meant to improve clinical decision making, particularly for women with dense breasts. We remain focused on disciplined execution as we expand adoption of the platform globally," she added.
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About QTI
QT Imaging Holdings, Inc. is a medical device company engaged in the research, development, and commercialization of body imaging systems using low-frequency sound waves. The Company's products include QTI Breast Acoustic CT Scanner and QTviewer Software. QTI’s Breast Acoustic CT scanner with QTViewer viewer software is the only three-dimensional (3D) imaging device to receive United States Food and Drug Administration (FDA) clearance for use as a transmission and reflection ultrasonic imaging system of a patients breast. QTviewer is its proprietary image viewing and analysis platform, purpose-built to interpret the rich, quantitative datasets generated by the QTI Breast Acoustic CT™ scanner. The QTviewer allows users to rotate, zoom, and cross-navigate entire breast volumes. Whether isolating lesions or exploring architectural distortion, radiologists can interact with the data dynamically to gain an understanding of tissue structure and lesion morphology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
QT Imaging Raises $10 Million in Public Offering
- Offering Size: QT Imaging announced a public offering of 2,000,000 shares at $5.00 per share, aiming to raise approximately $10 million, reflecting strong investor confidence in the company's strategic direction.
- Use of Proceeds: The funds will be allocated for working capital and general corporate purposes, and the extension of the maturity date of the senior secured term loan by two years enhances the company's financial flexibility to support its commercial and strategic growth initiatives.
- Underwriting Arrangement: Ladenburg Thalmann & Co. Inc. is acting as the sole book-running manager, with Northland Capital Markets as co-manager, ensuring professionalism and market credibility for the offering.
- Compliance Statement: The offering is conducted under a registration statement with the SEC, expected to close around May 18, 2026, demonstrating the company's commitment to compliance and transparency.
See More
QT Imaging Q1 2026 Earnings Call Highlights
- Revenue Growth: In Q1 2026, QT Imaging reported revenue of $6.5 million, primarily driven by the shipment of 13 QT Breast Acoustic CT systems, indicating a strong market demand response, with an expected annual revenue of approximately $39 million.
- Loan Extension: The maturity date of the senior secured term loan with Lynrock Lake has been extended to March 31, 2029, although the interest rate increased from 10% to 12% per annum, this move provides the company with greater financial flexibility to support future expansion.
- Regulatory Milestone: QT Imaging achieved an important milestone with the approval of a new Category III CPT code by the American Medical Association, effective January 1, 2027, which is expected to enhance product acceptance in the market and drive revenue growth.
- Software Innovation: The launch of the QT Imaging-Olea Viewer and software version 4.5.0 significantly improves imaging resolution and visualization of posterior breast tissue, which is anticipated to enhance customer experience and drive sales growth.
See More
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- Advisor Appointment: QT Imaging has appointed Dr. Barry Roseman as Senior Medical Advisor, tasked with implementing QT Imaging technology in a busy breast diagnostic and screening center, which is expected to enhance clinical workflows and patient access.
- Clinical Experience Contribution: With over 5,000 breast cancer patients treated in his career, Dr. Roseman's involvement will provide critical clinical and operational insights that will drive the evolution of breast imaging workflows.
- Technology Validation: Dr. Roseman's decision to deploy the QTI Breast Acoustic CT scanner in his clinical setting not only validates QT Imaging's mission but also underscores the importance of new technologies in breast cancer screening.
- Patient-Centric Focus: QT Imaging aims to improve breast health management through radiation-free, compression-free 3D imaging technology, and Dr. Roseman's engagement will help advance this goal, particularly for women with dense breast tissue.
See More
QT Imaging to Report Q1 2026 Financial Results on May 13
- Earnings Announcement Schedule: QT Imaging will report its financial results for the three months ended March 31, 2026, after market close on May 13, 2026, demonstrating the company's commitment to transparency and investor communication.
- Investor Conference Call: The company will hold an investor conference call at 4:30 PM ET on the same day, providing real-time updates and enhancing interaction with investors, which is expected to attract significant market attention.
- Pre-Registration Convenience: Participants can pre-register to receive a conference passcode and unique PIN, streamlining the dial-in process and reflecting the company's focus on improving user experience.
- Technological Innovation Focus: QT Imaging is dedicated to developing low-frequency sound wave imaging systems aimed at improving global health outcomes, emphasizing its strategic importance in safe, affordable, and patient-centered medical imaging.
See More
QT Imaging Launches New Breast Imaging Technology for Enhanced Clinical Efficiency
- Technological Innovation: QT Imaging has launched the QT Imaging-Olea Viewer in collaboration with Olea Medical, which integrates multiple breast imaging modalities to enhance clinical efficiency and support more comprehensive patient management, expected to significantly improve the quality of breast health management.
- Data Integration: The platform combines QTscan data with mammography, digital breast tomosynthesis, MRI, and ultrasound, enhancing diagnostic confidence and providing clinicians with improved interpretive capabilities, which is anticipated to lead to better treatment outcomes for patients.
- Radiation-Free Imaging: The Breast Acoustic CT system from QT Imaging utilizes advanced ultrasound technology to deliver 3D imaging without radiation, particularly beneficial for women with dense breast tissue, expected to offer a safer imaging option for this specific demographic.
- Future Development: The QT Imaging-Olea Viewer will be showcased at the SBI Breast Imaging Symposium in Seattle from April 16-19, 2026, marking the company's ongoing innovation and potential for market expansion in the breast imaging sector.
See More
QT Imaging CEO Participates in Women's Change Celebration
- Increased Focus on Women's Health: QT Imaging's CEO Dr. Raluca Dinu spoke at Harvard's Shiftmakers Gala, emphasizing the importance of early breast cancer detection, particularly for nearly half of U.S. women and 70-80% of women in Asia with dense breast tissue, highlighting the company's commitment to improving breast health management.
- Promotion of Innovative Technology: QT Imaging's Breast Acoustic CT™ technology will be featured in an upcoming issue of The Shift, aiming to spread critical information about early breast cancer detection to a broader audience of women, thereby enhancing public awareness and importance of breast health.
- Expanded Industry Influence: The event, supported by notable figures like Gloria Steinem, not only enhances QT Imaging's brand image but also showcases its leadership in women's health, potentially attracting more investor attention.
- Future Development Strategy: Dr. Dinu noted that women's health is gaining national attention, and QT Imaging plans to leverage this trend to drive technological innovation and market expansion, ensuring better detection outcomes and patient experiences while reducing gaps in women's health management.
See More
QT Imaging Raises $10 Million in Public Offering
- Offering Size: QT Imaging announced a public offering of 2,000,000 shares at $5.00 per share, aiming to raise approximately $10 million, reflecting strong investor confidence in the company's strategic direction.
- Use of Proceeds: The funds will be allocated for working capital and general corporate purposes, and the extension of the maturity date of the senior secured term loan by two years enhances the company's financial flexibility to support its commercial and strategic growth initiatives.
- Underwriting Arrangement: Ladenburg Thalmann & Co. Inc. is acting as the sole book-running manager, with Northland Capital Markets as co-manager, ensuring professionalism and market credibility for the offering.
- Compliance Statement: The offering is conducted under a registration statement with the SEC, expected to close around May 18, 2026, demonstrating the company's commitment to compliance and transparency.
See More
QT Imaging Q1 2026 Earnings Call Highlights
- Revenue Growth: In Q1 2026, QT Imaging reported revenue of $6.5 million, primarily driven by the shipment of 13 QT Breast Acoustic CT systems, indicating a strong market demand response, with an expected annual revenue of approximately $39 million.
- Loan Extension: The maturity date of the senior secured term loan with Lynrock Lake has been extended to March 31, 2029, although the interest rate increased from 10% to 12% per annum, this move provides the company with greater financial flexibility to support future expansion.
- Regulatory Milestone: QT Imaging achieved an important milestone with the approval of a new Category III CPT code by the American Medical Association, effective January 1, 2027, which is expected to enhance product acceptance in the market and drive revenue growth.
- Software Innovation: The launch of the QT Imaging-Olea Viewer and software version 4.5.0 significantly improves imaging resolution and visualization of posterior breast tissue, which is anticipated to enhance customer experience and drive sales growth.
See More
QT Imaging Appoints New Senior Medical Advisor
- Advisor Appointment: QT Imaging has appointed Dr. Barry Roseman as Senior Medical Advisor, tasked with implementing QT Imaging technology in a busy breast diagnostic and screening center, which is expected to enhance clinical workflows and patient access.
- Clinical Experience Contribution: With over 5,000 breast cancer patients treated in his career, Dr. Roseman's involvement will provide critical clinical and operational insights that will drive the evolution of breast imaging workflows.
- Technology Validation: Dr. Roseman's decision to deploy the QTI Breast Acoustic CT scanner in his clinical setting not only validates QT Imaging's mission but also underscores the importance of new technologies in breast cancer screening.
- Patient-Centric Focus: QT Imaging aims to improve breast health management through radiation-free, compression-free 3D imaging technology, and Dr. Roseman's engagement will help advance this goal, particularly for women with dense breast tissue.
See More
QT Imaging to Report Q1 2026 Financial Results on May 13
- Earnings Announcement Schedule: QT Imaging will report its financial results for the three months ended March 31, 2026, after market close on May 13, 2026, demonstrating the company's commitment to transparency and investor communication.
- Investor Conference Call: The company will hold an investor conference call at 4:30 PM ET on the same day, providing real-time updates and enhancing interaction with investors, which is expected to attract significant market attention.
- Pre-Registration Convenience: Participants can pre-register to receive a conference passcode and unique PIN, streamlining the dial-in process and reflecting the company's focus on improving user experience.
- Technological Innovation Focus: QT Imaging is dedicated to developing low-frequency sound wave imaging systems aimed at improving global health outcomes, emphasizing its strategic importance in safe, affordable, and patient-centered medical imaging.
See More
QT Imaging Launches New Breast Imaging Technology for Enhanced Clinical Efficiency
- Technological Innovation: QT Imaging has launched the QT Imaging-Olea Viewer in collaboration with Olea Medical, which integrates multiple breast imaging modalities to enhance clinical efficiency and support more comprehensive patient management, expected to significantly improve the quality of breast health management.
- Data Integration: The platform combines QTscan data with mammography, digital breast tomosynthesis, MRI, and ultrasound, enhancing diagnostic confidence and providing clinicians with improved interpretive capabilities, which is anticipated to lead to better treatment outcomes for patients.
- Radiation-Free Imaging: The Breast Acoustic CT system from QT Imaging utilizes advanced ultrasound technology to deliver 3D imaging without radiation, particularly beneficial for women with dense breast tissue, expected to offer a safer imaging option for this specific demographic.
- Future Development: The QT Imaging-Olea Viewer will be showcased at the SBI Breast Imaging Symposium in Seattle from April 16-19, 2026, marking the company's ongoing innovation and potential for market expansion in the breast imaging sector.
See More
QT Imaging CEO Participates in Women's Change Celebration
- Increased Focus on Women's Health: QT Imaging's CEO Dr. Raluca Dinu spoke at Harvard's Shiftmakers Gala, emphasizing the importance of early breast cancer detection, particularly for nearly half of U.S. women and 70-80% of women in Asia with dense breast tissue, highlighting the company's commitment to improving breast health management.
- Promotion of Innovative Technology: QT Imaging's Breast Acoustic CT™ technology will be featured in an upcoming issue of The Shift, aiming to spread critical information about early breast cancer detection to a broader audience of women, thereby enhancing public awareness and importance of breast health.
- Expanded Industry Influence: The event, supported by notable figures like Gloria Steinem, not only enhances QT Imaging's brand image but also showcases its leadership in women's health, potentially attracting more investor attention.
- Future Development Strategy: Dr. Dinu noted that women's health is gaining national attention, and QT Imaging plans to leverage this trend to drive technological innovation and market expansion, ensuring better detection outcomes and patient experiences while reducing gaps in women's health management.
See More
