QT Imaging posts strong Q1 growth amid ongoing losses

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2026.05.13 12:45
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QT Imaging Holdings reported a 133% year-over-year revenue increase to $6.5 million in Q1 2026, driven by the shipment of Breast Acoustic CT scanners. Despite this growth, the company faced a net loss of $3.4 million and a decline in gross margin to 41%. Operational advancements include AMA approval for a new CPT code and FDA clearance for improved imaging. The company reaffirmed its 2026 revenue guidance of $39 million while facing ongoing investment needs. Analysts rate QTI stock as a Buy with a $10.00 price target, though concerns about financial performance persist.