QT Imaging Q2 revenue more than doubles

QT Imaging Holdings

12/08/2026 21:18

Overview
US breast imaging device maker's Q2 revenue more than doubled yr/yr to $7.4 mln
Net loss widened in Q2, mainly due to higher operating expenses and debt extinguishment
Company completed $10 mln public offering and reaffirmed full-yr 2026 revenue guidance

Outlook
QT Imaging reaffirms 2026 revenue guidance of approximately $39 mln
Company says 2026 outlook reflects minimum order quantities and expected direct sales contributions
QT Imaging notes renewed customer engagement in Gulf region after earlier geopolitical impacts

Result Drivers
SCANNER SHIPMENTS - Revenue growth was primarily driven by shipment of 15 Breast Acoustic CT scanners in Q2, up from 8 in the prior-year period
DIRECT SALES EXPANSION - Expanded direct U.S. commercial organization to accelerate adoption and customer engagement
REGULATORY CLEARANCES - Obtained regulatory authorization in Israel and Saudi Arabia, supporting broader commercial opportunities

Company press release: ID:nBw7XyCp9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$7.44 mln
 
Q2 Loss Per Share
 
$0.75
 
Q2 Net Loss
 
$11.07 mln
 
Q2 Loss Per Basic Share
 
$0.75
 
Q2 Operating Income
 
-$1.86 mln
 
Q2 Pretax Loss
 
$11.07 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for QT Imaging Holdings Inc is $11.60, about 301.4% above its August 11 closing price of $2.89

Reuters Recommended Reads
Aug 9 - RadNet raises outlook as Q2 revenue jumps 25%, adjusted EPS beats estimates 
Aug 10 - Teledyne to acquire Varex Imaging in $1.1 billion deal
Aug 12 - Israel's BrainsWay Q2 revenue rises 35% to record high on higher shipments, utilization

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)