QT Imaging Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2.99	1.17	0.16	0.46	1.53
Cash & Short-Term Investments	2.99	1.17	0.16	0.46	1.53
Cash Growth	-46.84%	611.72%	-63.81%	-70.25%	-
Accounts Receivable	2.78	0.07	0	-	0.01
Other Receivables	-	0.01	0.16	0.03	-
Receivables	2.78	0.08	0.16	0.03	0.01
Inventory	2.87	3.14	4.42	4.78	5.33
Prepaid Expenses	1.15	0.51	0.05	0.07	0.09
Restricted Cash	0.02	0.02	0.02	0.02	0.05
Total Current Assets	9.81	4.92	4.82	5.35	7.01
Property, Plant & Equipment	1.01	1.13	1.76	2.07	0.94
Other Intangible Assets	-	-	0.09	0.28	0.46
Other Long-Term Assets	0.04	0.04	0.04	0.05	0.05
Total Assets	10.86	6.09	6.71	7.75	8.46
Accounts Payable	0.87	0.8	1.36	0.41	0.07
Accrued Expenses	3.89	3.55	0.37	0.37	0.2
Short-Term Debt	-	-	0.71	-	-
Current Portion of Long-Term Debt	0.06	4.99	4.2	0.13	0.13
Current Portion of Leases	0.42	0.41	0.36	0.31	-
Current Unearned Revenue	0.04	0.05	0.35	-	0.69
Total Current Liabilities	5.28	9.79	7.34	1.22	1.09
Long-Term Debt	3.85	4.41	3.62	6	4.1
Long-Term Leases	0.55	0.66	1.06	1.42	-
Other Long-Term Liabilities	21.39	0.77	-	0.62	0.34
Total Liabilities	31.07	15.62	12.02	9.26	5.52
Common Stock	0	0	0	0.03	0.03
Additional Paid-In Capital	22.87	22.4	12.46	10.14	8.33
Retained Earnings	-43.08	-31.94	-17.77	-11.67	-5.42
Shareholders' Equity	-20.21	-9.54	-5.31	-1.51	2.94
Total Liabilities & Equity	10.86	6.09	6.71	7.75	8.46
Total Debt	4.88	10.46	9.95	7.86	4.23
Net Cash (Debt)	-1.89	-9.28	-9.78	-7.41	-2.7
Net Cash Per Share	-0.08	-0.46	-1.03	-0.27	-0.10
Filing Date Shares Outstanding	28.44	27.65	27.94	27.84	27.35
Total Common Shares Outstanding	27.65	26.77	27.94	27.58	27.35
Working Capital	4.53	-4.88	-2.52	4.13	5.92
Book Value Per Share	-0.73	-0.36	-0.19	-0.05	0.11
Tangible Book Value	-20.21	-9.54	-5.4	-1.78	2.48
Tangible Book Value Per Share	-0.73	-0.36	-0.19	-0.06	0.09
Machinery	-	3.41	4.75	4.48	4.46
Leasehold Improvements	-	0.42	0.42	0.42	0.42

Source: S&P Global Market Intelligence. Standard template. Financial Sources.