Skull Session With QBAK CTO + This Week’s Stock Updates [GeoWire Weekly No. 207] | 🇺🇸 QBAK MG KINS KTEL

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This week’s Microcap Information Arbitrage Weekly Wrap-Up is ready — spotlighting key moves, missed signals, and overlooked opportunities in our 1,500+ coverage universe built since 2009.

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Summary Of What’s In This Weekly Wrap-Up

This week’s update features a skull session with the CTO of Qualstar Corp. (OOTC:QBAK), the addition of Mistras Group Inc (NYSE:MG) to our Data Center Screen, and updates on Kingstone Companies, Inc (NASDAQ:KINS) guidance and a look into a messy form 8K filed by Konatel, Inc. (OTCQB:KTEL).

Jeff Sengpiehl, the newly appointed CTO of Qualstar Corp. (OOTC:QBAK), walked us through the company’s turnaround plan and why tape storage (yes, tape) is back in the spotlight. With deep experience from Disney/ABC and involvement in major media productions like Game of Thrones and American Idol, Jeff offered a unique lens into how data storage needs are evolving in the AI era, no just in technology land. More on this later. By the way, will be having an update skull session with both the CEO, Steve Bronson, and Jeff in a few weeks. Put your name on this list if you are not a premium subscriber to Geoinvesting and want to be notified.

We also added Mistras Group Inc (NYSE:MG), a company that provides asset-protection, inspection & integrity services, to our Data Center Screen after comments surfaced through the NEW InfoArb Tearsheets platform. MG has traditionally been known for its inspection services across sectors like oil and gas and aerospace, but it’s now beginning to talk more openly about opportunities in less cyclical markets like the data center and AI infrastructure space.

MG hasn’t historically been on our radar. I didn’t like that the model appeared to be very asset heavy, in that it seemed to require lots of on-site labor inspection work. However, what stood out during our review of the Q2 2025 earnings call transcript was that management mentioned a focused push into the data center market and also touched on asset-light software goals. Recurring revenue model shifts or additions are exactly the type of stuff we like to catch and track in the early innings.

That new direction was reinforced by a September 9 partnership announcement, after the Q2 call, with Batchelor & Kimball, a mechanical and plumbing contractor known for high-stakes construction projects. The two companies are teaming up to take on data center builds, combining B&K’s field expertise with MG’s inspection and quality assurance capabilities. The partnership is designed to deliver infrastructure that can scale.

We haven’t formed an opinion on MG yet. Our assumption that management’s desire to pair on-site inspection work with more monitoring software work needs more research. Still, MG is a great example of how our internal tools, press release monitoring, earnings call reviews, and InfoArb Tearsheets work together to surface early-stage storylines before they show up on mainstream screens. 

MG currently trades at a forward P/E of 11x based on 2026 estimates, so valuation may be another angle to keep an eye on.

By the way, in case you missed it, the press release tool my team built now includes earnings call audio and transcripts.

KINS Raises Guidance

Although we didn’t discuss it during the week, it’s worth mentioning that Kingstone Companies, Inc (NASDAQ:KINS), a property and casualty insurance company, updated its financial guidance that reflects a confident long-term growth outlook. For FY2025, the company is projecting 12% to 17% top-line growth and up to $2.35 in EPS. More notably, their FY2026 forecast includes 15% to 20% revenue growth, expansion into two new states, and a five-year goal of reaching $500 million in written premium.

Management believes this growth can be fully funded through cash flow, with no plans for dilutive capital raises. They are also exploring reinsurance partnerships as an additional funding avenue. With guidance pointing to a return on equity of up to 36% and a combined ratio still below 83%, Kingstone is positioning itself for significant scale beyond its New York base. Combined ratio is an insurance profitability metric that measures claims and expenses as a percentage of premiums; below 100% indicates underwriting profit, while above 100% means the insurer is paying out more than it earns.

As a reminder, we hosted a Fireside Chat Skull Sessions with Kingstone Companies, moderated by Scot Weis (@SCMRE111) of Semco Capital, on the Geoinvesting platform on August 25, 2025. Management shared detailed insights into their profitability goals and geographic expansion strategy. The full replay is available here..

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The Weekly Wrap-Up is meant for those in a hurry, along with those who want to spend a weekend hunting for ideas or quickly catch up what we talked about during the week. Our Weekly Wrap-Up brings together everything we discussed during the week in our morning emails and premium alerts, as well as new information and high conviction ideas that we did not communicate that you should know about. From earnings coverage, new research coverage on stocks, picks and research from our subscribers to event highlights from our monthly open forum that takes place to the beginning of each month and interviews with management teams and investors. Missed any emails this week? You can catch up on all of them in one place — just check out the full archive here.

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Making sense out of KTEL confusing 8K

Also worth a quick update on something we didn’t cover during the week: Konatel, Inc. (OTCQB:KTEL), a provider of telecom services, filed an amended 8-K related to its agreement with Excess Telecom to sell its Infinite Mobile (IM) subsidiary, which distributes Lifeline telecom services to qualified low-income households in the United States. While Excess already owns 49% of IM, both parties agreed to withdraw the application to complete the remaining 51%, though they’ve left the door open to revisit it. Excess also agreed to pay

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The post Skull Session With QBAK CTO + This Week’s Stock Updates [GeoWire Weekly No. 207] | 🇺🇸 QBAK MG KINS KTEL appeared first on GeoInvesting.

Source: https://geoinvesting.com/investor-skull-session-with-qbak-cto-this-weeks-key-stock-updates-geowire-weekly-no-207/