QT Imaging Reports 75% Third Quarter Revenue Growth and Major Medicare Reimbursement Milestone
Business Wire•10/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $7.3 million, up 75% year over year
- ➤2026 revenue guidance cut to approximately $34 million from $39 million
- ➤CMS establishes Medicare outpatient payment for QTscan, effective January 1, 2027
- ➤43 scanners sold through nine months, versus 23 year-earlier
- ➤Q3 net loss narrowed to $0.3 million from $4.6 million
Expert Statements
Dr. Raluca Dinu, Chief Executive Officer of QT Imaging
“Our third-quarter results demonstrate the continued growth of QT Imaging, with revenue increasing 75% year over year and reaching $21.3 million for the first nine months of 2026, approximately double the prior-year period.”
Dr. Raluca Dinu, Chief Executive Officer of QT Imaging
“We are moving beyond building our commercial foundation to accelerating market adoption.”
Dr. Raluca Dinu, Chief Executive Officer of QT Imaging
“A major milestone is the recent CMS decision establishing separate Medicare hospital outpatient payment for medically necessary diagnostic QTscan examinations, effective January 1, 2027.”
Dr. Raluca Dinu, Chief Executive Officer of QT Imaging
“Together with our dedicated billing code, effective October 1, this decision removes a significant reimbursement uncertainty and strengthens our ability to expand into U.S. hospitals and health systems.”
Dr. Raluca Dinu, Chief Executive Officer of QT Imaging
“We have also doubled our manufacturing capacity with the relocation to our new 22,000-square-foot facility in Petaluma, California, while improving operational efficiency.”
Dr. Raluca Dinu, Chief Executive Officer of QT Imaging
“Internationally, we secured our first major hospital order in the Gulf Cooperation Council region from American Hospital Dubai.”
Dr. Raluca Dinu, Chief Executive Officer of QT Imaging
“With our differentiated Breast Acoustic CT™ technology, expanding commercial capabilities, and growing clinical partnerships, we are positioning QT Imaging for sustained growth and broader adoption of our technology.”
QT Imaging Reports 75% Third Quarter Revenue Growth and Major Medicare Reimbursement Milestone
Revenue reaches $7.3 million in Q3 and $21.3 million year-to-date, with 43 scanners sold
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