QT Imaging posted revenue increases for the second quarter of the 2025 fiscal year, which ended on June 30.
The company generated record revenue of $3.7 million in the second quarter of 2025, up 31% and 113% from the first quarter of 2025 and the second quarter of 2024, respectively.
QT said this was fueled by the shipping of eight QT Imaging Breast Acoustic CT scanners. It also shipped two more scanners during July.
The company also reported a net loss of $4 million for the second quarter, most of it stemming from a change in the fair value of warrant liability.
QT added that for the first time, it is unveiling its ongoing strategic initiative to build its QTI Cloud Platform. The platform uses a tiered software as a service (SaaS) delivery model that aims to provide subscribers with access to a growing portfolio of AI-driven tools that automate findings classification and deliver consistent second-read decision support.
QT said that subscription fees generated by the platform are expected to provide a "meaningful new source of recurring revenues" for the company.
