Beautiful type, but I don't think I would have selected such a rounded typeface. It somehow looks slow and gentle while the company's name suggests speed. The main issue however is the tail of the Q. Because it's rounded, it almost looks like a text balloon (as seen in comics. I don't know if it's really called a text balloon). If the tail would be more square with a diagonal cut, both that issue as well as the slowness issue would be solved.
I might add though that the 1 inside the Q is simple but striking. The presentation of the logo is very bad though. Either showcase it in a clean environment or printed on a box, but the damaged wall is ugly and counter-productive to the concept.
Even though the mark alone doesn't tell me much, it's a nice game for the company's initial letter and the 1 in order to get a simple/fast memorable symbol, contrary to some comment about some bubble down there, I think you can perfectly go that way since the "theme line" is explanatory enough.