zagdad, given that a lot of what an IR firm does is behind the scenes, its hard to judge these guys on their performance for FTE so far. The announcement of their hiring came out in early January but then in February the company put out a series of PRs announcing big contract wins. FTE is a small company so its most likely that its upper management was highly involved in getting those contracts, and would have had little time to devote to promoting the stock during the time they were working on getting those contracts. The sales cycle for those contracts was likely a pretty long one -- well over 2 months. The key focus for FTE management, at the time the company was competing for those contracts, was working on getting those contracts, not promoting the stock.
So until the last few weeks there was probably not a whole lot that the IR firm could do since most of what they would want to do would require the participation of upper FTE management.
