For the quarter ending 2024-09-30, QTI made $955,970 in revenue. -$3,619,494 in net income. Net profit margin of -378.62%.
| Income Statement | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Revenue | 955,970 | 1,714,035 | ||
| Cost of revenue | 350,667 | 839,484 | ||
| Gross profit (loss) | 605,303 | 874,551 | ||
| Research and development | 925,214 | 925,082 | ||
| Selling, general and administrative | 2,007,277 | 2,169,541 | ||
| Total operating expenses | 2,932,491 | 3,094,623 | ||
| Loss from operations | -2,327,188 | -2,220,072 | ||
| Change in fair value of derivative liability | 87,200 | 1,729,700 | ||
| Change in fair value of earnout liability | -50,000 | -310,000 | ||
| Change in fair value of warrant liability | -8,805 | -213,942 | ||
| Interest expense, net | -1,455,306 | -1,095,050 | ||
| Other expense, net | - | 187,394 | ||
| Other income (expense), net | 16,995 | - | ||
| Net loss and comprehensive loss attributable to qt imaging holdings, inc | -3,619,494 | -1,248,874 | ||
| Deemed dividend related to the modification of equity classified warrants | - | 5,185,502 | ||
| Net loss and comprehensive loss attributable to common stockholders | -3,619,494 | -6,434,376 | ||
| Basic eps | -0.17 | -0.3 | ||
| Diluted eps | -0.17 | -0.3 | ||
| Basic average shares | 21,441,416 | 21,440,447 | ||
| Diluted average shares | 21,441,416 | 21,440,447 | ||
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