I have heard Fred Furry say MANY times that they want to under promise and over deliver. Makes NO sense to give a mid- quarter update; it just sets you up to repeat the PR going forward, which no company should want to do....regardless of whether the news is good or bad.
The stock is beaten down by tax loss selling. The IP is worth substantially more than the market cap. If you believe in the technology, buy the stock...if you don't, then short at your peril.