QT Imaging Holdings Inc 2026年季度报告

FORM 10-Q (Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 86-1728920(I.R.S. EmployerIdentification No.) Dr. Raluca DinuChief Executive Officer3 Hamilton Landing, Suite 160,Novato, CA 94949 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo As of May 12, 2026, the registrant had 12,042,500 shares of common stock, $0.0001 par value per share, outstanding. QT IMAGING HOLDINGS, INC.Condensed Consolidated Balance Sheets(In thousands, except share data)(Unaudited) QT IMAGING HOLDINGS, INC.Condensed Consolidated Statements of Operations and Comprehensive Loss(In thousands, except per share data) QT IMAGING HOLDINGS, INC.Condensed Consolidated Statements of Stockholders’ Equity (Deficit)(In thousands) QT IMAGING HOLDINGS, INC.Condensed Consolidated Statements of Cash Flows(In thousands) Table of Contents QT IMAGING HOLDINGS, INC.Notes to Condensed Consolidated Financial Statements(Unaudited) 1.The Company and Summary of Significant Accounting Policies Nature of Operations QT Imaging Holdings, Inc. (“we,” “our,” “us,” “QT Imaging,” “QT Imaging Holdings,” or the “Company”) is incorporated in Delawarewith its headquarters in Novato, California. We are a medical device company engaged in research, development, and commercializationof innovative body imaging systems using low frequency sound waves. We strive to improve global health outcomes. Our strategy ispredicated upon the fact that medical imaging is critical to the detection, diagnosis, and treatment of disease and that it should be safe, GigCapital5, Inc. (“GigCapital5”), our predecessor, was incorporated in Delaware on December 8, 2022. GigCapital5 was formed for thepurpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combinationwith one or more businesses. Our business combination (the “Business Combination”) was consummated on March 4, 2024, and in Basis of Presentation and Principles of Consolidation Our unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accountingprinciples (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interimfinancial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The unaudited condensed consolidatedfinancial statements, including the condensed notes thereto, are unaudited and exclude some of the disclosures required in audited financial In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments andeliminations, consisting only of normal recurring adjustments necessary for a fair presentation in conformity with U.S. GAAP. The resultsof operations for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the year The unaudited condensed consolidated financial statements include the accounts of QT Imaging Holdings, Inc. and its consolidatedsubsidiaries, QT Imaging, Inc. and QT Ultrasounds Labs, Inc. All intercompany balances and transactions have been eliminated in consolidation. Reverse Stock Split On August 19, 2025 our stockholders approved an amendment to our Second Amended and Restated Certificate of Incorporation to effect areverse split of the outstanding shares of our common stock, par value $0.0001 per share, at a specific ratio within a range of 2:1 to 20:1, “Reverse Stock Split”). Our Board of Directors fixed the Reverse Stock Split ratio at 3:1, such that each three shares of common stockwere combined and reconstituted into one share of common stock effective October 23, 2025. In connection wit