Financial Performance and Profitability - The company has incurred significant operating losses in the past and may never achieve or maintain profitability[28] - The company has a limited operating history with its current offerings, making it difficult to evaluate future business prospects[28] - The company has incurred significant operating losses in the past and may never achieve or maintain profitability[28] - The company has a limited operating history with its current offerings, increasing the risk of investment[28] - The company does not anticipate paying dividends on common stock, affecting potential returns for investors[33] Product Development and Market Acceptance - The company is dependent on the successful commercial launch of the QT Scanner 2000 Model A, which must achieve widespread market acceptance to generate necessary revenue[28] - The successful commercial launch of the QT Breast Scanner is critical for generating necessary revenue[28] - The company may not successfully develop or introduce new products that achieve market acceptance, which could harm revenue[28] Competition and Market Risks - The company faces risks related to increased competition and the ability to manage growth profitably following the Business Combination[21] - The company faces risks related to increased competition and the ability to manage growth effectively[28] Capital and Financing Needs - The company may need to incur additional indebtedness or seek capital through new equity or debt financings to support business growth[28] - The company may need to incur additional indebtedness or seek capital through new equity or debt financings to support growth[28] - The company's common stock is now quoted on the OTC Markets OTCQB Venture Market tier, which may adversely affect its ability to raise additional financing[33] - The common stock is now quoted on the OTC Markets OTCQB Venture Market tier, which may depress stock price and affect capital raising efforts[33] Management and Operational Challenges - The management team has limited experience managing a publicly traded company, which could affect the company's transition and operations[33] - The management team has limited experience managing a publicly traded company, which could affect business operations[33] Regulatory and External Factors - Recent changes in the United States related to payment policies for imaging procedures could negatively impact the utilization of the company's imaging services[28] - Recent changes in U.S. payment policies for imaging procedures could negatively impact the utilization of the company's services[28] Technology and Infrastructure - The company relies on a combination of patents and trade secrets to protect its proprietary technologies, and failure to maintain these protections could adversely impact market competitiveness[33] - The company relies on third-party providers for internet infrastructure and any failure could adversely affect customer relationships[28]
QT Imaging(QTI) - 2024 Q4 - Annual Report