QT IMAGING HOLDINGS, INC. unveiled its unaudited pro forma condensed consolidated statement of operations for the three-month period ended September 30, 2025, providing insights into its financial performance.
The statement reflects a gross profit of $1,802,673 post operating expenses, demonstrating the company's revenue generation capabilities.
Despite the gross profit, QT IMAGING reported a notable net loss and comprehensive loss of $2,349,508 for the same period, indicating underlying cost challenges.
Private Placement Details
QT IMAGING conducted a private placement, resulting in gross proceeds of approximately $18,180,655, before expenses, indicating a strategic capital infusion for future growth initiatives.
Debt Repayment
QT IMAGING proactively repaid $5.0 million of long-term debt, including accrued interest and the Tranche B 2025 Premium on October 6, 2025, showcasing a commitment to reducing financial leverage and interest costs.
Non-GAAP Presentation
The pro forma adjustments were implemented to illustrate the impact of the private placement and debt repayment on the financial statements, providing investors with a clearer view of the company's financial health and performance.
- The private placement and debt repayment activities have significantly influenced QT IMAGING's financial position for the respective period, shaping its liquidity and capital structure for future operations.
- The utilization of pro forma adjustments offers valuable insights into the hypothetical financial outcomes if the private placement and debt repayment had occurred earlier, fostering a deeper understanding of the company's financial resilience and strategic decision-making.
QT IMAGING HOLDINGS, INC. strategically bolstered its financial standing through a private placement to raise capital and proactive debt repayment, signaling a forward-looking approach and confidence in its growth trajectory.