Equity Research Analysis: GigCapital5, Inc. (QTI)
|Blank Capital Research Unit|Spot: $5.74
Price$5.74
Composite Score50.0/100
RatingHOLD (3★)
Rank#2013 OF 7,333
Market Cap$68M
ROE
Intelligence Feed
Stock TitanYesterday Positive
New 3D breast ultrasound without radiation gets AMA billing code
QT Imaging Holdings (Nasdaq: QTI) has announced that the American Medical Association (AMA) CPT Editorial Panel has approved a new Category III CPT code for its 3D quantitative transmission volumetric ultrasound tomography of the breast. This code, X579T, is significant for the clinical and commercial advancement of QT Imaging's radiation-free and compression-free breast imaging technology. The code will be effective January 1, 2027, facilitating standardized reporting, data collection, and potential broader reimbursement for this emerging diagnostic service.
BioSpectrum AsiaAug 26 Neutral
QT Imaging inks exclusive distribution agreement with Gulf Medical for Saudi Arabia
QT Imaging Holdings, Inc. has signed an exclusive distribution agreement with Gulf Medical Co. (GMC) in Saudi Arabia for its QTI Breast Acoustic CT™ scanners and subscriptions to the QTI Cloud Platform. This deal, valued at over $33 million, involves shipments of five scanners per quarter starting in Q1 2026 and aims to address the high incidence of breast cancer among younger women in the region. The technology offers non-invasive, 3D breast imaging without radiation, compression, or contrast, and includes AI-driven tools.
Radiology BusinessSep 12 Positive
Imaging vendor faces delisting from the Nasdaq due to low stock price
QT Imaging, a medical technology vendor, is facing potential delisting from the Nasdaq after its stock price plummeted nearly 95% to $0.60, falling below the required $1 minimum for 30 consecutive days and below $15 million in market value for 31 consecutive business days. The company, which recently underwent a merger and CEO change, reported a net loss of $1.2 million in Q2, with analysts predicting a sales decline and continued unprofitability for 2024. QT Imaging has until March 3 to regain compliance with Nasdaq listing standards.
Radiology BusinessFeb 23 Neutral
After lawsuit and lengthy delays, imaging firm finally moves forward with merger deal
After significant delays and a lawsuit, ultrasound developer QT Imaging is finally proceeding with its merger deal with investment firm GigCapital. The agreement, originally discussed in December 2022, will see GigCapital take QT Imaging public, with shareholders recently approving the business combination. The firm specializes in whole-body and breast ultrasound technology, including the FDA-cleared QTSscan.
Fierce BiotechDec 12 Positive
Ultrasound maker QT Imaging takes the SPAC track with $151M go-public deal
QT Imaging, a company known for its FDA-cleared, radiation-free mammography machine, is set to go public through a $151 million reverse merger with GigCapital5, a special purpose acquisition company (SPAC). The new entity will be called QT Imaging Holdings with the stock symbol "QTI." The deal is expected to close in the first half of 2023, with proceeds intended to expand commercial activities and pursue additional regulatory clearances for its QTscan breast imaging device, which can also be adapted for full-body scans.