looks like $2.5 million from 2 insurers in California was delayed from Q4 '09 to Q1 2010.....no big deal.
I suppose someone somewhere somehow caught wind the GHI was preannouncing a revenue shortfall and assumed the worse. In this case, just a delay...not an unexpected slowdown in GHI's business......stock should easily recover the recent sell off short term.....but who cares about short term? Long term story still in tact.....
I'm not sure why a delay in payment would result in revenue shortfall. Payments do not affect revenue, they affect cash flow, but revenue shortfall cannot be related to delayed payments (I'm assuming the company is using accrual accounting, which would be the only US GAAP method).
On the other hand, if the reimbursement rumor has any footing, that may present a serious danger as Doctors' decision on which product to use largely depends on this.
I just started looking at this stock today. Balance sheet seems to be healthy, income statment turning positive soon, if not already. 20% YOY growth in sales is key, has to continue to break out of this range.