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Stock impact report

QT Imaging Announces Third Quarter 2024 Financial Results

QT Imaging Holdings, Inc. (QTI) 
Company Research Source: Business Wire
Generated Scanner Sales Revenue of $0.9 Million with 65% Gross Margin in the Third Quarter of 2024The Company Successfully Completed the Engineering and Clinical Feasibility Study with its Strategic PartnerThe Company Announced Entering into Favorable Amendments to Its $10 Million Convertible Promissory Note with YA II PN, Ltd.The Company Announced Insiders PIPE investment of $2.56 Million, fully funded by the QTI Board of Directors members and their Affiliates NOVATO, Calif.--(BUSINESS WIRE)--QT Imaging Holdings, Inc. (NASDAQ: QTI) (“QT Imaging” or the “Company”), a medical device company engaged in research, development, and commercialization of innovative body imaging systems, today announced financial results for the third quarter of 2024.“During this quarter, QT Imaging's team successfully completed the engineering and clinical feasibility study with our strategic partner and shipped two QT Breast Acoustic CT™ Scanners to a nationally recognized clinical site and to a function Show less Read more
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