QT Imaging Reports 75% Revenue Growth in Q3 2026 Amidst Middle East Logistics Disruptions
QT Imaging (QTI) reported a strong third quarter for 2026, with revenue climbing 75% year-over-year to $7.3 million. This growth was primarily driven by the sale of 15 breast acoustic CT scanners, up from nine units in the same period last year. The company also reached a clinical milestone, having imaged a total of 13,000 patients using its technology. Despite robust sales and improved gross profits, management has revised its full-year revenue guidance downward from $39 million to approximately $34 million. This adjustment is due to significant shipment delays in Saudi Arabia and the United Arab Emirates caused by regional instability and disruptions to shipping routes in the Middle East. While operational expenses increased due to commercial expansion and R&D, the company maintains a stable gross margin of 41.3%.
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Topics: net loss operating expenses revenue growth scanner sales