Milt. flowers on new (pseudobulbs) growth only. It is possible that what is shown in first photo is a new inflorescence (spikes usually emerge at bottom of pseudobulb) and this is simply a late bloomer. If indeed a new flower spike, you'll see buds forming at the tip of this new growth. Time will tell.
Would that late bloomer ( if in fact it is ) have any effect on its normal cycle?