Yes, it was. IR had told investors financials would be posted two weeks ago. Now they're saying they're delayed because of acquisition-related effects on the financials. Investors are losing patience no doubt.
The horrible downward spiral since December isn't surprising given the reverse merger that took place. The trick in making money on these plays (assuming you believe in the company) is figuring out when it's bottomed. AXGI hasn't helped itself by delaying the financials.
Check the chart for NSHV on the pinks. That's another one that's recently done a reverse merger to go public.