QT Imaging is reporting steady revenue for the second quarter of the 2024 fiscal year, as well as highlighting new partnerships and distribution agreements.
The company reported that its commercial revenue for the quarter (end-June 30) was $1.7 million, compared with $1.4 million in the first quarter and less than $100,000 for the second quarter of 2023. QT also reported a net loss of $1.2 million for the most recent quarter.
Among QT's highlights for the time period include entering a distribution agreement with NXC Imaging. Under this agreement, NXC is the exclusive reseller to market, advertise, and resell QT Breast Acoustic CT scanners in the U.S. and U.S. Territories. QT Imaging also announced a partnership with the Vincere Cancer Center in Scottsdale, AZ, together with its strategic distribution partner.
