Also trades as: QSIAW (NASDAQ) · $vol 0M

$1.55

+0.12 (+8.39%)

Weekly Expected Move ±20.5%

$1 $1 $2 $2 $2

NASDAQ · Healthcare · Medical - Devices · Tech Score Buy · Power 62 · $306.6M mcap · 170M float · 2.44% daily turnover · Short 53% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

28.6 / 100

NoneWeakNarrowWide

Primary source: Network Effects · ROIC: -121.8% · 5Y Avg: -75.6%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. QSI has No discernible competitive edge (28.6/100). The business operates without significant structural advantages. The primary source of advantage is Network Effects. Negative ROIC of -121.8% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

Avg Target

High

Based on 1 analyst since Aug 13, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 1Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$1.90

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-14	Industrial Alliance Securities	Scott Henry	Initiated	$2	—	+163.3%	$0.72
2026-03-04	Canaccord Genuity	Kyle Mikson	$2	$1	-0	+6.8%	$0.94
2025-12-22	Canaccord Genuity	—	$2	$2	-0	+18.1%	$1.27
2025-10-27	Canaccord Genuity	—	Initiated	$2	—	-12.7%	$2.29
2025-03-05	National Bank	—	Initiated	$4	—	+160.7%	$1.40

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. QSI receives an overall rating of C. Strongest factors: P/B (4/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-01	C+	C
2026-08-17	B	C+
2026-08-14	C+	B
2026-05-26	C	C+
2026-04-01	C+	C
2026-03-04	B-	C+
2026-01-15	C+	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 30 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. QSI scores highest in Balance Sheet (85/100) and lowest in Profitability (15/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

2.12

Grey Zone

Piotroski F-Score

3/9

✗ ✗ ✗ ✓ ✓ ✓ ✗ ✗ ✗

Beneish M-Score

44.44

Possible Manipulator

Ohlson O-Score

4.67

Bankruptcy prob: 99.1%

High Risk

Credit Rating

BBB

Score: 58.7/100

Trend: Stable

Earnings Quality

—

OCF/NI: 0.94x

Accruals: -2.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. QSI scores 2.12, placing it in the Grey Zone (safe > 2.99, distress < 1.81). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. QSI scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. QSI's score of 44.44 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. QSI's implied 99.1% bankruptcy probability signals significant financial distress. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. QSI receives an estimated rating of BBB (score: 58.7/100), with a stable trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-3.34x

PEG

-0.09x

P/S

191.04x

P/B

1.87x

P/FCF

-2.06x

P/OCF

—

EV/EBITDA

-0.82x

EV/Revenue

52.50x

EV/EBIT

-0.79x

EV/FCF

-0.90x

Earnings Yield

-51.11%

FCF Yield

-48.60%

Shareholder Yield

0.00%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. QSI currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.999

NI / EBT

Interest Burden

0.923

EBT / EBIT

EBIT Margin

-66.602

EBIT / Rev

Asset Turnover

0.007

Rev / Assets

Equity Multiplier

1.117

Assets / Equity

ROE

-49.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. QSI's ROE of -49.1% is driven by Asset Turnover (0.007), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1477 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$1.55

Median 1Y

$0.60

5th Pctile

$0.09

95th Pctile

$4.11

Ann. Volatility

113.0%

Analyst Target

$1.90

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

138

-3.5% YoY

Revenue / Employee

$17,652

Rev: $2,436,000

Profit / Employee

$-734,341

NI: $-101,339,000

SGA / Employee

$324,304

Avg labor cost proxy

R&D / Employee

$389,558

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-15.2%	-37.0%	-50.6%	-25.1%	-29.2%	-31.7%	-31.0%	-31.3%	-31.5%	-30.4%	-31.0%	-32.6%	-35.8%	-41.5%	-40.2%	-46.9%	-52.4%	-46.5%	-46.4%	-49.1%	-49.11%
ROA	-14.7%	-34.9%	-46.5%	-23.7%	-27.8%	-29.6%	-28.7%	-29.1%	-29.1%	-27.8%	-28.7%	-29.9%	-32.4%	-37.0%	-36.8%	-41.7%	-47.1%	-41.1%	-42.9%	-44.0%	-43.98%
ROIC	9.9%	-5.5%	-3.8%	-2.9%	-2.7%	-3.9%	-3.0%	-2.8%	-2.9%	-3.0%	-2.5%	-2.9%	-3.0%	-4.6%	-3.3%	-5.0%	-7.1%	-1.5%	-1.2%	-1.2%	-1.22%
ROCE	-15.0%	-19.3%	-23.9%	-24.3%	-28.2%	-31.4%	-33.9%	-35.3%	-37.9%	-33.5%	-33.7%	-36.5%	-41.0%	-47.3%	-42.7%	-48.0%	-49.7%	-48.8%	-53.1%	-58.9%	-58.85%
Gross Margin	—	—	—	—	—	—	48.8%	38.0%	48.4%	44.5%	58.9%	56.9%	46.6%	51.2%	57.7%	59.4%	35.1%	27.1%	28.7%	50.0%	50.00%
Operating Margin	—	—	—	—	—	—	-115.0%	-131.2%	-121.9%	-69.7%	-51.1%	-42.5%	-35.7%	-25.7%	-29.8%	-51.0%	-72.1%	-46.8%	-93.2%	-74.5%	-74.50%
Net Margin	—	—	—	—	—	—	-93.0%	-124.7%	-110.9%	-55.1%	-42.6%	-37.1%	-32.2%	-27.8%	-22.8%	-48.8%	-64.7%	-39.0%	-84.0%	-68.4%	-68.41%
EBITDA Margin	—	—	—	—	—	—	-111.9%	-125.9%	-116.6%	-28.9%	-48.8%	-40.3%	-34.2%	-24.9%	-28.7%	-43.3%	-62.5%	-44.2%	-88.5%	-75.8%	-75.77%
FCF Margin	—	—	—	—	—	—	-424.1%	-223.4%	-149.3%	-91.8%	-71.2%	-51.4%	-39.2%	-30.2%	-27.8%	-28.3%	-33.1%	-39.9%	-51.7%	-58.4%	-58.37%
OCF Margin	—	—	—	—	—	—	-378.1%	-202.6%	-135.9%	-86.9%	-68.9%	-49.5%	-37.9%	-28.7%	-26.4%	-27.1%	-31.9%	-38.9%	-50.9%	-57.6%	-57.60%
ROE 3Y Avg	snapshot only																				-47.05%
ROE 5Y Avg	snapshot only																				-41.03%
ROA 3Y Avg	snapshot only																				-42.51%
ROIC 3Y Avg	snapshot only																				-83.24%
ROIC Economic	snapshot only																				-47.61%
Cash ROA	snapshot only																				-47.76%
Cash ROIC	snapshot only																				-1.29%
CROIC	snapshot only																				-1.31%
NOPAT Margin	snapshot only																				-54.41%
Pretax Margin	snapshot only																				-61.44%
R&D / Revenue	snapshot only																				34.36%
SGA / Revenue	snapshot only																				25.29%
SBC / Revenue	snapshot only																				6.93%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	-15.15	-11.38	-5.48	-2.80	-2.98	-1.93	-2.04	-2.22	-2.20	-2.97	-3.04	-1.67	-1.40	-3.91	-2.17	-3.38	-2.52	-2.15	-1.61	-1.96	-3.339
P/S Ratio	—	—	—	—	—	—	972.02	551.85	344.80	263.00	217.35	87.57	55.44	129.20	63.54	105.48	92.78	89.30	90.47	120.10	191.044
P/B Ratio	2.30	2.27	1.47	0.78	0.99	0.71	0.73	0.80	0.81	1.05	1.10	0.64	0.60	1.83	0.89	1.63	1.25	0.99	0.83	1.07	1.873
P/FCF	-19.04	-14.90	-7.45	-3.36	-3.86	-2.53	-2.29	-2.47	-2.31	-2.87	-3.05	-1.70	-1.42	-4.27	-2.29	-3.73	-2.80	-2.24	-1.75	-2.06	-2.057
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	-8.60	-6.58	-2.11	0.59	-0.26	0.67	0.50	0.24	0.21	-0.46	-0.68	0.65	0.66	-1.91	0.02	-1.47	-0.65	-0.56	-0.43	-0.82	-0.816
EV/Revenue	—	—	—	—	—	—	-230.30	-60.30	-35.22	38.94	45.40	-32.57	-25.11	64.89	-0.52	45.97	23.14	24.14	23.72	52.50	52.503
EV/EBIT	-8.49	-6.50	-2.09	0.58	-0.25	0.66	0.49	0.24	0.21	-0.44	-0.65	0.62	0.63	-1.83	0.02	-1.42	-0.62	-0.54	-0.41	-0.79	-0.788
EV/FCF	-10.67	-8.51	-2.65	0.63	-0.29	0.77	0.54	0.27	0.24	-0.42	-0.64	0.63	0.64	-2.15	0.02	-1.63	-0.70	-0.60	-0.46	-0.90	-0.899
Earnings Yield	-6.6%	-8.8%	-18.2%	-35.7%	-33.5%	-51.8%	-49.0%	-45.0%	-45.5%	-33.7%	-32.9%	-60.0%	-71.6%	-25.6%	-46.0%	-29.6%	-39.6%	-46.6%	-62.0%	-51.1%	-51.11%
FCF Yield	-5.3%	-6.7%	-13.4%	-29.8%	-25.9%	-39.6%	-43.6%	-40.5%	-43.3%	-34.9%	-32.7%	-58.7%	-70.6%	-23.4%	-43.7%	-26.8%	-35.7%	-44.7%	-57.1%	-48.6%	-48.60%
Price/Tangible Book	snapshot only																				1.070
EV/Gross Profit	snapshot only																				149.941
Shareholder Yield	snapshot only																				0.00%

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	70.21	41.39	31.31	35.44	29.97	22.81	32.69	30.10	25.88	22.94	30.65	20.57	13.42	11.99	19.24	9.43	10.75	7.64	12.60	9.97	9.969
Quick Ratio	70.21	41.39	31.31	35.44	29.97	22.81	32.52	29.90	25.66	22.60	30.03	20.13	13.15	11.76	18.89	9.27	10.59	7.50	12.40	9.97	9.969
Debt/Equity	0.00	0.02	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.07	0.06	0.05	0.05	0.02	0.02	0.02	0.02	0.018
Net Debt/Equity	-1.01	-0.97	-0.95	-0.93	-0.92	-0.93	-0.90	-0.89	-0.89	-0.89	-0.87	-0.88	-0.87	-0.91	-0.89	-0.92	-0.94	-0.72	-0.62	-0.60	-0.602
Debt/Assets	0.00	0.02	0.03	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.05	0.04	0.04	0.02	0.02	0.02	0.02	0.017
Debt/EBITDA	-0.00	-0.09	-0.15	-0.17	-0.15	-0.15	-0.14	-0.14	-0.14	-0.17	-0.17	-0.16	-0.16	-0.12	-0.11	-0.10	-0.04	-0.04	-0.04	-0.03	-0.031
Net Debt/EBITDA	6.74	4.93	3.84	3.72	3.16	2.89	2.60	2.48	2.30	2.64	2.58	2.41	2.13	1.89	2.08	1.91	1.94	1.52	1.20	1.05	1.050
Interest Coverage	-8344.78	-18996.80	-22069.00	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	1.03	1.05	1.08	1.07	1.08	1.09	1.08	1.08	1.09	1.10	1.09	1.10	1.12	1.15	1.10	1.15	1.11	1.12	1.06	1.07	1.074
Cash Ratio	snapshot only																				9.354
Cash to Debt	snapshot only																				34.350
FCF to Debt	snapshot only																				-28.800
Defensive Interval	snapshot only																				367.3 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.007
Inventory Turnover	—	—	—	—	—	—	0.15	0.26	0.32	0.30	0.20	0.23	0.34	0.36	0.35	0.36	0.40	0.35	0.34	0.53	0.534
Receivables Turnover	—	—	—	0.00	—	—	6.20	2.81	2.93	5.88	7.93	3.68	3.05	3.60	5.41	4.50	3.58	2.57	3.00	3.30	3.296
Payables Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.16	0.19	0.21	0.34	0.72	0.52	0.79	1.06	0.88	0.88	0.72	0.60	0.55	0.545
DSO	—	—	—	—	—	—	59	130	125	62	46	99	120	102	68	81	102	142	122	111	110.8 days
DIO	—	—	—	—	—	—	2398	1405	1141	1212	1863	1572	1066	1003	1052	1000	903	1033	1086	683	682.9 days
DPO	—	—	—	—	—	—	9757	2275	1879	1742	1070	509	700	463	343	413	416	506	605	669	669.3 days
Cash Conversion Cycle	—	—	—	—	—	—	-7300	-740	-614	-468	839	1162	487	642	776	669	590	670	603	124	124.4 days
Operating Cycle	snapshot only																				793.7 days
Cash Velocity	snapshot only																				0.014
Capital Intensity	snapshot only																				120.607

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	—	—	—	—	—	—	4.1%	2.7%	2.3%	1.8%	1.7%	1.0%	40.2%	-20.3%	-46.2%	-53.0%	-52.96%
Net Income	—	-9.0%	-4.6%	-1.0%	-71.4%	-39.4%	-2.1%	0.9%	16.8%	27.5%	24.0%	21.6%	16.0%	-5.3%	-9.7%	-19.1%	-29.9%	-0.3%	-3.1%	7.5%	7.46%
EPS	—	61.0%	77.9%	83.0%	-67.6%	-37.0%	-0.9%	2.7%	18.1%	28.4%	24.8%	21.9%	16.4%	-1.8%	14.7%	7.9%	11.5%	25.8%	13.2%	22.0%	21.98%
FCF	—	-7.7%	-3.5%	-1.4%	-66.2%	-39.6%	-23.7%	-6.7%	-2.5%	2.0%	15.1%	14.8%	12.8%	6.9%	-4.5%	-10.3%	-18.6%	-5.2%	-0.1%	2.8%	2.84%
EBITDA	—	-9.1%	-4.2%	-83.2%	-51.4%	-23.0%	-7.5%	-10.0%	-0.2%	20.6%	26.9%	25.2%	23.7%	-13.3%	-23.6%	-25.2%	-32.7%	-0.2%	2.9%	2.9%	2.87%
Op. Income	—	-9.2%	-4.3%	-1.1%	-43.4%	-27.8%	-12.2%	-11.2%	-8.3%	10.2%	16.4%	14.5%	13.4%	2.3%	-4.8%	-8.7%	-18.8%	-6.9%	-4.3%	3.0%	3.02%
OCF Growth	snapshot only																				-0.07%
Asset Growth	snapshot only																				-23.91%
Equity Growth	snapshot only																				-18.45%
Debt Growth	snapshot only																				-70.80%
Shares Change	snapshot only																				18.61%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	93.9%	51.8%	51.78%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	81.5%	40.6%	40.65%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	94.4%	1.0%	-21.3%	-22.6%	-21.0%	-17.1%	-16.9%	-14.6%	-14.4%	-16.4%	-17.2%	-17.21%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	43.3%	45.2%	-18.2%	-18.15%
Equity 3Y	—	—	—	—	—	—	—	—	—	96.0%	1.1%	-22.6%	-24.7%	-23.3%	-17.6%	-18.8%	-15.3%	-15.0%	-16.0%	-17.0%	-17.01%
Book Value 3Y	—	—	—	—	—	—	—	—	—	-34.1%	-27.3%	-66.3%	-25.8%	-24.9%	-24.8%	-26.0%	-26.0%	-24.3%	-27.3%	-28.1%	-28.12%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	—	—	—	—	—	1.00	0.75	0.75	0.75	0.60	0.75	0.80	0.82	0.84	0.88	0.94	0.98	0.74	0.60	0.56	0.556
Earnings Stability	—	—	—	—	—	0.95	0.77	0.74	0.35	0.54	0.35	0.21	0.02	0.40	0.27	0.23	0.11	0.32	0.23	0.15	0.149
Margin Stability	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.96	0.89	0.93	0.92	0.89	0.81	0.811
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.500
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	—	—	—	—	—	0.84	0.99	1.00	0.93	0.89	0.90	0.91	0.94	0.98	0.96	0.92	0.88	1.00	0.99	0.97	0.970
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	-0.14	0.19	-0.17	-0.12	-0.07	-0.05	-0.06	-0.08	-0.11	-0.05	-0.11	-0.10	-0.05	-0.13	-0.11	-0.114
Gross Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.04	0.04	0.03	-0.01	-0.11	-0.18	-0.183
FCF Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	219.90	109.13	61.08	21.09	-2.20	-18.56	-18.561
Sustainable Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	0.75	0.70	0.66	0.74	0.69	0.68	0.79	0.82	0.87	0.98	0.96	0.94	0.95	0.87	0.90	0.87	0.87	0.93	0.91	0.94	0.938
FCF/OCF	1.06	1.10	1.11	1.13	1.12	1.12	1.12	1.10	1.10	1.06	1.03	1.04	1.03	1.05	1.05	1.04	1.04	1.03	1.02	1.01	1.013
FCF/Net Income	snapshot only																				0.951
CapEx/Revenue	—	—	—	—	—	—	46.1%	20.8%	13.4%	4.9%	2.3%	1.9%	1.3%	1.5%	1.4%	1.2%	1.2%	1.0%	80.4%	77.3%	77.26%
CapEx/Depreciation	snapshot only																				0.347
Accruals Ratio	-0.04	-0.11	-0.16	-0.06	-0.09	-0.09	-0.06	-0.05	-0.04	-0.01	-0.01	-0.02	-0.01	-0.05	-0.04	-0.06	-0.06	-0.03	-0.04	-0.03	-0.027
Sloan Accruals	snapshot only																				-0.441
Cash Flow Adequacy	snapshot only																				-74.555

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	-0.0%	-0.0%	-0.2%	-0.4%	-0.1%	-0.1%	-0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%	-21.4%	-13.0%	-31.7%	-43.0%	-27.9%	-24.3%	-24.27%
Total Shareholder Return	-0.0%	-0.0%	-0.2%	-0.4%	-0.1%	-0.1%	-0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%	-21.4%	-13.0%	-31.7%	-43.0%	-27.9%	-24.3%	-24.27%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.999
Interest Burden (EBT/EBIT)	1.00	1.00	1.07	1.10	1.13	1.12	1.01	0.98	0.92	1.00	1.02	1.00	0.99	0.93	0.91	0.96	0.99	0.93	0.97	0.92	0.923
EBIT Margin	—	—	—	—	—	—	-473.30	-254.71	-170.72	-88.69	-70.12	-52.68	-39.97	-35.51	-32.04	-32.43	-37.21	-44.60	-58.09	-66.60	-66.602
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.007
Equity Multiplier	1.03	1.06	1.09	1.06	1.05	1.07	1.08	1.08	1.08	1.09	1.08	1.09	1.10	1.12	1.09	1.13	1.11	1.13	1.08	1.12	1.117

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$-0.55	$-0.69	$-0.85	$-0.83	$-0.92	$-0.95	$-0.86	$-0.81	$-0.76	$-0.68	$-0.65	$-0.63	$-0.63	$-0.69	$-0.55	$-0.58	$-0.56	$-0.51	$-0.48	$-0.45	$-0.45
Book Value/Share	$3.62	$3.47	$3.19	$2.97	$2.78	$2.56	$2.42	$2.23	$2.06	$1.92	$1.79	$1.64	$1.48	$1.47	$1.35	$1.20	$1.12	$1.11	$0.93	$0.83	$0.83
Tangible Book/Share	$3.62	$3.40	$3.12	$2.91	$2.71	$2.56	$2.41	$2.22	$2.06	$1.91	$1.79	$1.64	$1.48	$1.47	$1.35	$1.20	$1.12	$1.11	$0.93	$0.83	$0.83
Revenue/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.01	$0.01	$0.01	$0.02	$0.02	$0.02	$0.02	$0.02	$0.01	$0.01	$0.01	$0.01
FCF/Share	$-0.44	$-0.53	$-0.63	$-0.69	$-0.71	$-0.72	$-0.77	$-0.72	$-0.72	$-0.70	$-0.65	$-0.62	$-0.62	$-0.63	$-0.52	$-0.53	$-0.50	$-0.49	$-0.44	$-0.43	$-0.43
OCF/Share	$-0.41	$-0.48	$-0.57	$-0.61	$-0.64	$-0.65	$-0.68	$-0.66	$-0.65	$-0.66	$-0.62	$-0.59	$-0.60	$-0.60	$-0.50	$-0.50	$-0.48	$-0.48	$-0.44	$-0.42	$-0.42
Cash/Share	$3.67	$3.43	$3.14	$2.88	$2.67	$2.51	$2.30	$2.10	$1.94	$1.82	$1.66	$1.54	$1.38	$1.43	$1.28	$1.17	$1.08	$0.82	$0.59	$0.51	$0.51
EBITDA/Share	$-0.54	$-0.68	$-0.79	$-0.74	$-0.80	$-0.83	$-0.84	$-0.80	$-0.79	$-0.65	$-0.60	$-0.60	$-0.60	$-0.71	$-0.58	$-0.58	$-0.55	$-0.53	$-0.48	$-0.47	$-0.47
Debt/Share	$0.00	$0.06	$0.12	$0.12	$0.12	$0.12	$0.12	$0.11	$0.11	$0.11	$0.10	$0.10	$0.10	$0.09	$0.07	$0.06	$0.02	$0.02	$0.02	$0.01	$0.01
Net Debt/Share	$-3.67	$-3.37	$-3.02	$-2.76	$-2.54	$-2.39	$-2.18	$-1.99	$-1.83	$-1.71	$-1.56	$-1.44	$-1.28	$-1.34	$-1.21	$-1.11	$-1.06	$-0.80	$-0.57	$-0.50	$-0.50

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.123
Altman Z-Prime	snapshot only																				2.537
Piotroski F-Score	2	3	4	1	1	1	3	2	3	4	4	4	3	3	3	4	3	2	2	3	3
Beneish M-Score	—	—	—	—	—	—	—	—	—	—	-1.36	-1.38	-0.75	-0.88	-0.74	5.26	5.33	23.64	36.33	44.44	44.440
Ohlson O-Score	snapshot only																				4.668
ROIC (Greenblatt)	snapshot only																				-99.77%
Net-Net WC	snapshot only																				$0.49
EVA	snapshot only																				$-94505010.00

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB
Credit Score	67.07	61.07	62.18	74.83	75.07	70.49	74.54	72.50	68.85	74.73	74.30	49.06	43.78	68.87	58.64	58.86	63.87	49.49	59.09	58.66	58.658
Credit Grade	snapshot only																				9
Credit Trend	snapshot only																				-0.202
Implied Spread (bps)	snapshot only																				275.000
Industry Credit Rank	snapshot only																				53
Sector Credit Rank	snapshot only																				51

QSI NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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