QT Imaging has posted Q4 and year-end revenue increases.
For the period (end-December 31, 2024), the company reported fourth-quarter revenue of $847,000, compared with $5,000 in the same period for 2023. For the year, the company reported revenue of $4.9 million compared with $40,000 in 2023.
For the quarter, QT Imaging posted a net loss of $3.5 million, compared with a net loss of $1.5 million in 2023. Net loss for the year was $9 million, compared with $6.1 million in 2023.
Earlier this year, Nasdaq suspended trading of the company's stock; QT Imaging intends to apply for relisting. In February, the firm secured a credit agreement with Lynrock Lake Master Fund LP for $10.1 million. In March, it entered into an agreement with Canon Medical Systems to help increase its internal manufacturing capability.
