General Counsel buys 25,000 QSI shares at $0.86; stock down -62.2% from 52-week high, company unprofitable with $-23.1M net loss.
LaPointe Christian, General Counsel & Corp. Secretary, purchased 25,000 shares at $0.86 on 2024-08-09, increasing his stake to 571.7K shares. The purchase occurs as QSI trades at -62.2% from its 52-week high of $2.41 and is down -51.1% over 90 days, placing it in a steep decline. Fundamentally, the company is unprofitable with a $-23.1M net loss in its most recent full fiscal year and quarterly revenue of only $622.0K, indicating severe operational challenges. Notably, this buy occurred within a 14-day cluster in which 3 other insiders also purchased shares, yet LaPointe's own prior buy at QSI on 2024-03-15 demonstrated poor timing outcomes (90d return: -17.2%), and his cross-ticker track record shows 0 of 1 prior buys were well-timed at the 90-day mark with an average 90d return of -17.2%.