kinda stressed and stunty looking, but he is still pretty damn small. Maybe not too late at all.....
Your fish looks to be around 2.5" and underfed. Baby Discus need to be fed often(3-6 times a day if possible) give it a month or two of serious feeding, and see what he looks like then. With your color bits and some blood worms, he should fatten right up.
Oh yeah...I thought the name of the strain you guys were talking about was RED alenquer.