QT Imaging Holdings (QTIH) reported a 133% year-over-year revenue increase to $6.5 million in Q1 2026. Despite the growth, the company posted a net loss of $3.4 million, with an EPS of -$0.25. The stock fell 11.59% to $6.71 after the announcement.
Unit shipments of Breast Acoustic CT systems rose 116.7%, but gross margin dropped from 65% to 41% due to the absence of lower-cost scanners. Operating expenses increased 72% to $5 million. CEO Raluca Dinu highlighted progress in commercialization, regulatory approvals, and software updates.
QT Imaging reaffirmed its 2026 revenue guidance of $39 million. The company also announced a new Category III CPT code and FDA clearance for system enhancements.
