Q: Has your opinion on QNC evolved since 2021?
5i Research Answer:
Fundamentally, the picture is unchanged where QNC still has no revenue or earnings. The stock is up 14x in 2024 however. It recently had a huge rally when it announced a strategic alliance with Krown Technologies to enchance blockchain security against quantum computing threats. It also wond a $1.2M research grant back in March. We still see it as too risky/early for our consideration and we would expect some volatility given how strong it has been recently.