GMH ended 2005 with full-year net income of $6.1 million on total revenues of $224.2 million. Because the company went public on Nov. 2, 2004, no perfectly parallel prior-year data exists. However, according to its 2004 full-year SEC filing, it and its predecessor entities had a net income loss of $37 million in 2004, on total revenues of $83.8 million.

With the filing of today's 2005 report, Gary M. Holloway Sr., chairman, president and CEO, says in a statement, "we look forward to getting back on track with our SEC reporting obligations and the timely release of results of operations to our shareholders." During the first half of 2006, he says, "substantial attention" was devoted to "identifying weaknesses in our internal control over financial reporting, and placing an effective remediation plan into action. We have learned important lessons from this experience."

As GlobeSt.com previously reported, the delays in SEC filings began this spring when the company's then-CFO wrote to the audit committee, alleging a "tone at the top" problem and "material weaknesses" in internal controls. Since then Ernst & Young has been conducting an independent audit.