QTI Overview

New Machine Learning Algorithm: QT Imaging Holdings, Inc. has introduced a machine learning-enabled image interpolation algorithm that reduces scan times by approximately 50%, enhancing patient comfort and operational efficiency in medical imaging.

Commitment to Innovation: The company aims to improve health outcomes through safe, affordable, and accessible medical imaging, collaborating with leading institutions to advance cancer detection and treatment technologies.

Financial Strengthening: QT Imaging Holdings, Inc. has improved its financial position by clearing short-term liabilities and expects significant revenue growth, forecasting $18M in 2025 and $27M in 2026, alongside amendments to its convertible promissory notes that defer payments until March 31, 2026.

Company Overview: QT Imaging is a public medical device company focused on innovative body imaging systems using low-frequency sound waves, aiming to enhance global health outcomes through safe and accessible medical imaging solutions.

Expansion of Breast Imaging Technology: QT Imaging Holdings, Inc. has partnered with Couri Center for Gynecology and Integrative Women's Health in Peoria, IL, to offer the Breast Acoustic CT™ Scanner, enhancing breast imaging technology focused on patient comfort and safety.

Commitment to Women's Health: Both companies emphasize the importance of providing accurate and high-resolution imaging options, particularly for women with dense breasts or elevated cancer risk, and plan to showcase their technology at an upcoming women's health summit.

QT Imaging Holdings Participation: QT Imaging Holdings, Inc. will participate in the Radiological Society of North America 2024 Annual Meeting in Chicago, where Dr. Bilal Malik will present findings on the effectiveness of their QT ultrasound imaging compared to digital breast tomosynthesis for breast cancer screening.

Company Overview: QT Imaging Holdings focuses on developing innovative body imaging systems using low-frequency sound waves, aiming to enhance global health outcomes by providing safe, affordable, and patient-centered diagnostic options.

Financial Performance: QT Imaging Holdings, Inc. reported $0.9 million in scanner sales revenue for Q3 2024, with a gross margin of 65%, and a net loss of $3.6 million, which included significant interest expenses related to convertible notes.

Strategic Developments: The company successfully completed an engineering and clinical feasibility study, amended its $10 million convertible promissory note, and secured a $2.56 million PIPE investment from insiders to support its commercialization efforts.

Investment Announcement: QT Imaging Holdings, Inc. has secured a $1.0 million PIPE investment led by its Chairman and CEO, along with participation from other board members, aimed at providing working capital for the company's commercialization efforts in breast imaging technology.

Company Overview: QT Imaging Holdings focuses on developing innovative body imaging systems using low frequency sound waves, emphasizing safe, affordable, and accessible medical imaging to improve global health outcomes.