calenderj wrote: In addition to finally filing the late financial reports with the authorities, the news in the Form 10-Q filed with the SEC is excellent. Following the unexpected departure of the former CEO, the shares sold off sharply due to fear that his abrupt departure was a sign of more bad news to come. Now that we know his departure was not a sign of more bad news, that in and of itself will assuage the fears of nervous investors who sold their shares because they were afraid of the uncertainty.
But there's more. Here is the following nugget at the top of page 34 of the Form 10-Q, as part of a discussion about the seasonality of the company's business:
"The revenues recognized by Nobilis for the nine months ended September 30, 2014 represented 53% of the 2014 annual revenues. By comparison, the revenues recognized by Nobilis for the nine months ended September 30, 2015 represents 59% of 2015 annual revenue using the guidance issued by Nobilis for anticipated 4th quarter 2015 revenue."
That is a *critical* statement, because there is no way on earth the company would refer to its aggressive Q4 2015 guidance in a document filed with the SEC unless it expected to meet the guidance. And given that we're already almost halfway through January 2016, the company certainly has enough information to know how well it did in Q4 2015. It is noteworthy that while the company earned only 53% of its total annual earnings in the first 3 quarters of 2014, Nobilis has already earned 59% of its anticipated 2015 annual revenues over the first 3 quarters of 2015, meaning the company has less of a need for a blowout Q4 to meet its guidance.
So there you have it. No more skeletons in the closet and Nobilis has all but said Q4 will be much better than the solid quarter reported for Q3. (Preliminary revenues for Q3 were announced at $50.1 million on November 11, but the actual number was $52.5 million - a record for the company.)
The stock is likely to go up sharply tomorrow