Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Textura Corp (NYSE:TXTR) fell more than 11% Thursday after the company released mixed quarterly results and weak near-term revenue guidance.

So what: Quarterly revenue rose 61% year over year, to $13.8 million, which translated to an adjusted loss of $0.16 per share. Analysts, on average, were looking for an adjusted loss of $0.21 per share on slightly higher sales of $13.92 million.

However, for the current quarter ended June 30, 2014, Textura told investors to expect revenue of $14.7 million to $15 million, which should result in an adjusted loss per share of $0.14 to $0.12. By comparison, analysts were modeling the same second-quarter loss of $0.13 per share, but on higher sales of $15.88 million.

Now what: Textura CEO Patrick Allin explained: "While our quarterly results were strong and within our guidance range, the results did not fully meet our internal expectations. Severe winter weather conditions across much of the country resulted in delays in construction project starts and delays in contracting for projects on system."

What's more, Allin says, "negative reports on Textura at the beginning of the quarter" delayed sales to prospective clients, and slowed the implementation of new ones. Specifically, he's referring to allegations of fraud -- which I noted following its last quarterly report in January -- which were brought against Textura in Dec., 2013 by short-seller Citron Research.

Still, Textura insists the delays are only temporary, and that its long-term prospects have not changed. However, if Textura's near-term pain persists more than a few quarters, investors could be in for more pain before things start to improve. For now, that's why I'm fine sitting this one out and watching from the sidelines.

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Steve Symington has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.