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QT Imaging Holdings, Inc. QTI Distribution — Contract with customer, liability
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Where this comes from
Reported directly by QT Imaging Holdings, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The source filing: QT Imaging Holdings, Inc.’s 10-Q, filed May 13, 2026.
- Filed
- May 13, 2026, 8:19 AM EDT
- Fiscal quarter
- Q4 FY2028
- Calendar quarter
- Q4 2028
- Accession
- 0001628280-26-034381
- On August 21, 2025, we entered into a Distribution Agreement, as amended on February 25, 2026 (the “Gulf Medical Distribution Agreement”) with Gulf Medical Co. (“GMC”), a corporation organized and existing under the laws of Saudi Arabia, for an initial term of three years. Under the terms of the Gulf Medical Distribution Agreement, we granted to GMC the exclusive right to market, advertise, and sell our Breast Acoustic CT Scanner and the QTI Cloud SaaS platform subscriptions in Saudi Arabia, with MOQs of 20 scanners in 2026, 32 scanners in 2027, and 40 scanners in 2028, for a total minimum of 92 scanners, representing revenue of more than $51 million in 2026 through 2028, upon regulatory approval from the Saudi Food and Drug Authority (“SFDA”) in Saudi Arabia.
- On January 19, 2026, we entered into a Distribution Agreement (the “Al Naghi Distribution Agreement”) with Al Naghi Medical Co. (“Al Naghi”), a corporation organized and existing under the laws of the United Arab Emirates (the “UAE”), for an initial term of three years. Under the terms of the Al Naghi Distribution Agreement, we granted to Al Naghi the exclusive right to market, advertise, and sell our Breast Acoustic CT Scanner and the QTI Cloud SaaS platform subscriptions in the UAE, with MOQs of 7 scanners in 2026, 16 scanners in 2027, and 20 scanners in 2028, for a total minimum of 43 scanners, representing revenue of more than $24 million in 2026 through 2028, upon regulatory approval from the Emirates Drug Establishment (“EDE”) in the UAE, which was received on March 17, 2026.
Item 1. Financial Statements
FAQ
- What is QT Imaging Holdings, Inc.'s distribution — contract with customer, liability?
- QT Imaging Holdings, Inc. (QTI) reported distribution — contract with customer, liability of $51M in Q4 2028.
- What does distribution — contract with customer, liability mean?
- This represents the financial obligation arising from customer contracts where payment has been received or is due before the company has satisfied its performance obligations. It reflects deferred revenue that will be recognized as income once the specific goods or services are delivered. Monitoring this balance helps investors understand the company's future revenue recognition profile and cash flow timing.
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