QT Imaging Secures Saudi Approval for Breast Imaging Technology Deployment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2026
0mins
Source: Newsfilter
- Market Access Milestone: QT Imaging's Breast Acoustic CT™ scanner has received approval from the Saudi Food and Drug Authority (SFDA), marking a significant step in the company's commercialization efforts in one of the largest healthcare markets in the Middle East, which is expected to significantly enhance the company's market share in the region.
- Exclusive Distribution Agreement: The company has entered into an exclusive distribution agreement with Gulf Medical, a leading healthcare technology provider in Saudi Arabia, ensuring rapid commercial activities following SFDA approval, thereby expanding its business network in the Kingdom.
- Investment in Women's Health: Saudi Arabia continues to invest heavily in women's health and healthcare modernization under its Vision 2030 framework, with breast cancer being the most commonly diagnosed cancer among women in the Kingdom, driving an increasing demand for advanced imaging technologies.
- International Expansion Strategy: This approval not only lays the groundwork for QT Imaging's commercial deployment in Saudi Arabia but also enhances its growth potential in the Middle East and global markets, showcasing the company's ability to successfully navigate international regulatory pathways.
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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 Secures Saudi Approval for Breast Imaging Technology Deployment
- Market Access Milestone: QT Imaging's Breast Acoustic CT™ scanner has received approval from the Saudi Food and Drug Authority (SFDA), marking a significant step in the company's commercialization efforts in one of the largest healthcare markets in the Middle East, which is expected to significantly enhance the company's market share in the region.
- Exclusive Distribution Agreement: The company has entered into an exclusive distribution agreement with Gulf Medical, a leading healthcare technology provider in Saudi Arabia, ensuring rapid commercial activities following SFDA approval, thereby expanding its business network in the Kingdom.
- Investment in Women's Health: Saudi Arabia continues to invest heavily in women's health and healthcare modernization under its Vision 2030 framework, with breast cancer being the most commonly diagnosed cancer among women in the Kingdom, driving an increasing demand for advanced imaging technologies.
- International Expansion Strategy: This approval not only lays the groundwork for QT Imaging's commercial deployment in Saudi Arabia but also enhances its growth potential in the Middle East and global markets, showcasing the company's ability to successfully navigate international regulatory pathways.
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 Secures Saudi Approval for Breast Imaging Technology Deployment
- Market Access Milestone: QT Imaging's Breast Acoustic CT™ scanner has received approval from the Saudi Food and Drug Authority (SFDA), marking a significant step in the company's commercialization efforts in one of the largest healthcare markets in the Middle East, which is expected to significantly enhance the company's market share in the region.
- Exclusive Distribution Agreement: The company has entered into an exclusive distribution agreement with Gulf Medical, a leading healthcare technology provider in Saudi Arabia, ensuring rapid commercial activities following SFDA approval, thereby expanding its business network in the Kingdom.
- Investment in Women's Health: Saudi Arabia continues to invest heavily in women's health and healthcare modernization under its Vision 2030 framework, with breast cancer being the most commonly diagnosed cancer among women in the Kingdom, driving an increasing demand for advanced imaging technologies.
- International Expansion Strategy: This approval not only lays the groundwork for QT Imaging's commercial deployment in Saudi Arabia but also enhances its growth potential in the Middle East and global markets, showcasing the company's ability to successfully navigate international regulatory pathways.
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
