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Hi U.
They do have a new product or two at Costco-- but my belief is that this is a binary event.
The flashlights cleaned up the balance sheet and share structure.
They are upping the ante with new and bigger offices, bigger credit line, increased overhead into new product development, mention of sales team, new IR and marketing team, web site, etc.. Etc. Etc.
I believe they are "all in" with the connected surfaces.
Hi Mike.
Definition of Panglossian
: marked by the view that all is for the best in this best of possible worlds : excessively optimistic
I didn't say I was optimistic, I said Stewart was optimistic and discussed his expressed thinking.
I said there was a binary outcome coming. I gave no opinion of the likelihood of either outcome.
"With the successful launch and with the investments we’re going to be making into publicity, product publicity, IR, PR, etc., I expect Capstone to become a far more visible company, and as we start to ramp up our volumes, and I can assure you that this shift in thinking as it relates to being more protective about who we are and what we were is going to change dramatically. I think and I believe that Capstone will be a highly recognized player in the field of smart home evolution and will become a very visible operation."
" I reiterate the fact that we are going to pursue vigorously channel reach, channel expansion. We will advertise our products, we will tell our story openly because I am less concerned about telegraphing our messages to competition in areas where margins and business growth is so restricted.
This is an open field, and while I again say I expect competition in the area, we will welcome that competition because no one company can possibly supply the global demand and the speed at which consumers will respond and react to the category will be directly related to the amount of exposure it receives.
That is where my enthusiasm comes from and that is why we are so encouraged with the introduction of connected surfaces."
"What I can tell you is unlike the earlier years of Capstone where our strategy was to stay under the radar through limited channel distribution and avoid competition by large companies, our strategy for the connected surfaces is 180 degrees from that. The category is intended to substantially expand our channel reach and competitive involvement would be welcomed because no one company will be able to satisfy the global demand"
"Another major positive which investors don’t always even really know about, we completed a major office move into a new location as part of our planned expansion. We upgraded our systems and it was seamless."
"A major positive, on July 20, 2018, our long-term financial institution, Sterling National Bank extended our credit line from $7 million to $10 million, of which $2 million has been made available for the Capstone expansion. That tells me they know our strategic plan, they’ve been given a lot of numbers, they see where we’re going, and they believe in the direction we’re going. Why would they give us an additional $3 million after we’ve had a $7 million line for years? That’s a major positive."
"Let’s talk about liquidity and capital resources. Cash balances as of June 30, 2018 were $2.8 million compared to $3.7 million at December 31, 2017, and the Company has made $787,000 of deposits to vendors against future orders that have not yet been shipped. The Company also had available borrowing capacity and not used under the Sterling National Bank financing agreement of approximately $1.7 million compared to $3.7 million in 2017.
Another piece of information, on July 20, 2018 Sterling National Bank’s credit line was expanded by $3 million and now allows the Company to borrow up to $10 million, of which $2 million of this line has been allocated as a Capstone expansion credit line available as needed to support the expansion of Capstone’s new product category"
"In closing, you will be pleased to know we will be undergoing a number of marketing initiatives, including but not limited to PR, IR, product publicist, new website development and sales force expansion, and more to coincide with the launch of our new connected surfaces programming."
Stockpicker-
Capstone is going all in on their new venture.
They have the capital, clean balance sheet.
They are moving into a larger space for room for more employees.
They have increased their credit line. Sterling must have a reason to do so.
They are (hopefully) buying back shares.
Stewart has still not sold a share. Closely held insiders have
40% of the company.
It might be roof tiles. Its might be rechargeable batteries...
but it is a new company. Stewart is going all in. It's "Connected Surfaces"
or it's all over. The days of Costco 9.99 flashlights are over.
Here's the selling pressure (along with no news):
Capstone Cos Inc, Inst Holders, 2Q 2018 (CAPC)
BY Dow Jones & Company, Inc.
— 3:40 AM ET 07/23/2018
The following table shows the largest shareholders in CAPSTONE COS INC COM (CAPC) for the quarter ended June 30, 2018, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 06/30/2018
Institution Shares Shares % Last
Held Changed Held Report
Old West Investment Management 0 (813,040) 0.000 03/31
13F data provided by: Factset Research Systems Inc.;
Please send questions to ownership@factset.com.
Copyright, Factset Research Systems, 2018. All Rights Reserved.
(END) Dow Jones Newswires
07-23-18 0340ET
IMPORTANT 8K
On May 15, 2018, Capstone Companies, Inc., a Florida corporation, (the "Company") entered into a sublease agreement to rent an estimated 4,694 rentable square feet of office space at 431 Fairway Drive, Suite 200, Deerfield Beach, Florida 33441, located in Broward County. The Company intends to relocate its current principal executive offices at 350 Jim Moran Blvd., Suite 120, Deerfield Beach, Florida 33442, to 431 Fairway Drive, Suite 200, Deerfield Beach, Florida 33441, on or about July 1, 2018. The new sublease expires on January 31, 2020, and provides for an initial base rent of $4,389.55 per month from commencement through January 31, 2019 and then a base rent of $4,522.43 per month from February 1, 2019 until expiration of lease on January 31, 2020 and a Common Area Charge estimated to be $2,992.09 per month. ******* The location move is required to facilitate planned sales staff expansion and the need for a product showroom.******
You don't need staff expansion or a showroom for door locks or flashlights.
IMPORTANT 8K
On May 15, 2018, Capstone Companies, Inc., a Florida corporation, (the "Company") entered into a sublease agreement to rent an estimated 4,694 rentable square feet of office space at 431 Fairway Drive, Suite 200, Deerfield Beach, Florida 33441, located in Broward County. The Company intends to relocate its current principal executive offices at 350 Jim Moran Blvd., Suite 120, Deerfield Beach, Florida 33442, to 431 Fairway Drive, Suite 200, Deerfield Beach, Florida 33441, on or about July 1, 2018. The new sublease expires on January 31, 2020, and provides for an initial base rent of $4,389.55 per month from commencement through January 31, 2019 and then a base rent of $4,522.43 per month from February 1, 2019 until expiration of lease on January 31, 2020 and a Common Area Charge estimated to be $2,992.09 per month. ******* The location move is required to facilitate planned sales staff expansion and the need for a product showroom.******
You don't need staff expansion or a showroom for door locks or flashlights.
WEBCAST. That's an upgrade.
Any guess on current PE?
Capstone Industries
August 16 ·
Capstone is happy to announce our products are now featured at Thai Watsadu in Thailand! Including our Accent Lighting and Dual Solar Powered Motion Lights.
(pics on Capstone Facebook page)
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Bring your eco-i-lites to fireworks!!
Before anybody leaves- happen to know what second quarter sales record used to be?
I bought some duracell puck lights from my costco. Two big displays.
They also had a nice display of Capstone led outdoor lights.
Less than 48M. Treasury bought back 1-1.5M from ac kinetcs at .15
That closed.
Wonder when Neil Singer pays us back the 1.5M promissary note.
Less than 48M. Treasury bought back 1-1.5M from ac kinetcs at .15
That closed.
Wonder when Neil Singer pays us back the 1.5M promissary note.
Right. Substantial bid at .59+
ETRF 0.60 3,666 10:58
NITE 0.595 31,968 10:48
CDEL 0.592 12,000 12:00
CSTI 0.5501 3,500 09:49
CANT 0.38 2,500 08:30
ARXS 0.0001 10,000 11/29
MAXM 0.0001 10,000 07:59
MPID
Ask Price
Size
Date/Time
MAXM 0.61 1,000 11:22
CSTI 0.62 1,000 10:58
CDEL 0.6321 1,000 12:00
ETRF 0.6399 5,000 11:56
NITE 0.66 1,000 05/04
CANT 0.75 2,500 09:30
ARXS 9999.00 1 04/20
I am looking forward to seeing how many outstanding shares are out there.
Should help EPS.
Wonder where they will get shares next- more private transactions?
In the open market?
TMC NEWS
TMCNET eNEWSLETTER SIGNUP
SUBMIT
[April 25, 2017]
Capstone Companies, Inc. Raises First Quarter 2017 Revenue Expectations to $5.5 million
Capstone (News - Alert) Companies, Inc. (OTC: CAPC) ("Capstone" or the "Company"), a designer of innovative LED lighting solutions including power failure lighting, today raised its revenue guidance for the 2017 first quarter to $5.5 million. The increases in guidance provided today are based on increased presence of the Company's product on store shelves of its large U.S. retailers, higher customer demand for the Company's products and strong reorder activity that is driving growing backlog.
Stewart Wallach, Capstone's CEO, commented, "Our 2017 Q1 revenue expectations further validate the momentum our Company is experiencing. At the close of Q1, we will have had four consecutive record quarters yielding trailing 12 month revenues of an estimated $34.5 million. Importantly, the Company backlog continues to grow and remain strong supporting Q2 and Q3."
He added, "Sales and marketing have reported strong product placement and Q1 includes the shipments of five new product entries for 2017."
Additionally Larry Sloven, President of Capstone International Hong Kong reports, "The Company has received orders from two leading home improvement retailers in the Pacific Rim that furthers the Company's international reach. This new distribution falls on the heels of record international sales in 2016."
Seeking Alpha
Capstone Companies raises Q1 revenue expectations
Apr. 25, 2017 8:07 AM ET|About: Capstone Companies, Inc. (CAPC)|By: Jignesh Mehta, SA News Editor
Capstone Companies (OTCQB:CAPC): now expects Q1 revenue of ~5.5M vs. prior guidance of $4.1M.
Strong backlog continues for orders of new products to be available at retail in Q1 & Q2 2017.
CEO Stewart Wallach: “Our 2017 Q1 revenue expectations further validate the momentum our Company is experiencing. At the close of Q1, we will have had four consecutive record quarters yielding trailing 12 month revenues of an estimated $34.5M. Importantly, the Company backlog continues to grow and remain strong supporting Q2 and Q3.”
Now read: JAKKS Pacific misses by $0.12, beats on r
****** Business Wire ******
Capstone Companies, Inc. Raises First Quarter 2017 Revenue Expectations to $5.5 million
Updated first quarter 2017 revenue expectation to $5.5 million, up from prior guidance of an estimated $4.1 million
Fourth consecutive “record” quarter performance
Strong backlog continues for orders of new products to be available at retail in Q1 & Q2 2017
April 25, 2017 06:55 AM Eastern Daylight Time
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today raised its revenue guidance for the 2017 first quarter to $5.5 million. The increases in guidance provided today are based on increased presence of the Company’s product on store shelves of its large U.S. retailers, higher customer demand for the Company’s products and strong reorder activity that is driving growing backlog.
“Our 2017 Q1 revenue expectations further validate the momentum our Company is experiencing. At the close of Q1, we will have had four consecutive record quarters yielding trailing 12 month revenues of an estimated $34.5 million. Importantly, the Company backlog continues to grow and remain strong supporting Q2 and Q3.”
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Stewart Wallach, Capstone’s CEO, commented, “Our 2017 Q1 revenue expectations further validate the momentum our Company is experiencing. At the close of Q1, we will have had four consecutive record quarters yielding trailing 12 month revenues of an estimated $34.5 million. Importantly, the Company backlog continues to grow and remain strong supporting Q2 and Q3.”
He added, “Sales and marketing have reported strong product placement and Q1 includes the shipments of five new product entries for 2017.”
Additionally Larry Sloven, President of Capstone International Hong Kong reports, “The Company has received orders from two leading home improvement retailers in the Pacific Rim that furthers the Company’s international reach. This new distribution falls on the heels of record international sales in 2016.”
Bid back for 50K-- at .51 though
CDEL 0.5302 13,013 09:32
CSTI 0.52 2,500 09:30
NITE 0.51 50,000 09:31
CANT 0.315 2,500 08:30
ARXS 0.0001 10,000 11/29
MAXM 0.0001 10,000 08:31
ETRF U 0 09:07
MPID
Ask Price
Size
Date/Time
NITE 0.58 10,000 09:31
CDEL 0.6174 1,082 09:32
CSTI 0.75 1,667 09:30
CANT 0.90 1,000 08:30
ETRF 1.00 5,000 09:30
MAXM 8.00 100 08:31
ARXS 9999.00 1 04/20
Hey Salve!
Glad you are still around.
Still own any of this stuff?
Hi U.
Got an L2? Anybody?
Somebody in for 30K at .48-.49 but I would like to see if there is any blue sky out there
once we get over the resistance...
“We expect that we will have another strong year of growth in 2017. While doubling the Company might be a stretch, 25% to 30% growth is not unreasonable to expect. We will continue to drive growth by developing new lighting products that incorporate previously unmet functionality while utilizing the efficiency of LED lighting.”
Capstone Companies Revenue Nearly Doubles to a Record $30.6 Million in 2016
Print
Alert
Capstone Companies, Inc. (USOTC:CAPC)
Intraday Stock Chart
Today : Monday 27 March 2017
Click Here for more Capstone Companies, Inc. Charts.
Capstone Companies, Inc. (OTC:CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions including power failure lighting, today reported its financial results for the fourth quarter and full year 2016.
Stewart Wallach, Capstone’s Chairman and CEO, commented, “2016 was an excellent year for Capstone. We exceeded $30 million in revenue, a record, measurably expanded our operating margins and grew our net income more than four times over last year. Importantly, our compound annual revenue growth rate was almost 50% over two years. We believe our performance has clearly substantiated that we have the right strategy, have successfully established a distinct niche in the home LED lighting space and have the talent and experience to execute well.
“We expect that we will have another strong year of growth in 2017. While doubling the Company might be a stretch, 25% to 30% growth is not unreasonable to expect. We will continue to drive growth by developing new lighting products that incorporate previously unmet functionality while utilizing the efficiency of LED lighting.”
Fourth Quarter Highlights
Total revenue of $8.0 million, up 11% over the same period in 2015
International sales increased 38% to $0.6 million
Strong gross profit of $1.8 million was up 22%, and gross margin increased 200 basis points to 22.7%
The Company fully paid down the $6.6 million Sterling National Bank note
Total revenue in the quarter was up on momentum within existing channels as relationships with both domestic and international retailers continued to deepen and expand.
International sales continued their impressive quarter-over-quarter increases as a result of strong sell thru of the Company’s innovative and unique products.
Gross margin expanded 200 basis points due to increased production efficiencies and favorable strength of the U.S. dollar.
Effective collection of outstanding accounts receivables substantially improved the Company’s cash position to $1.6 million at year-end.
Full Year 2016 Highlights
Total revenue surged 92% to $30.6 million from $15.9 million
International revenue showed continued strength, growing 116% to $2.4 million from $1.1 million
Gross profit increased 93% to $7.4 million from $3.8 million on slightly improved margin
Operating income climbed 226% to $3.3 million from $1.0 million, while operating margin improved 450 basis points to 10.9%
Net income increased four times to $2.8 million from $0.7 million
Financial results for 2016 were very strong with improvements across the board. For the year, total revenue improved due to very strong performance in the Accent Light Category in both the Capstone Lighting and Hoover® Home LED brands.
The Company continued to build momentum within existing channels, and an increase in the frequency of product placements has increased revenue expansion.
Full year SG&A expenses decreased as a percentage of sales to 13.2% from 17.6% in 2015. This expense reduction of approximately $1.3 million contributed to the operating income improvement in 2016.
You were too inpatient. they traded up on 100 shares!
Mile, they are not in it for 80k. They are in it for the transaction fee. 4 percent of 20m (or more) is 800k (or more).
Personally? I don't really think you would recognize stewart even if the room was brightly lit with capstone LED lights. LOL
Retired stock equals increased EPS
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------------------------------------------------------
FORM 8-K/A
(Amendment One)
------------------------------------------------------------------------
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: February 14, 2017
Earliest Event Date requiring this Report: February 14, 2017
CAPSTONE COMPANIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
------------------------------------------------------------------------
Florida
000-28831
84-1047159
(State of Incorporation or organization)
(Commission File No.)
(I.R.S. Employer Identification No.)
350 Jim Moran Blvd.
Suite 120
Deerfield Beach, Florida 33442
(Address of principal executive offices)
(954) 570-8889
(Registrant's telephone number, including area code)
EXPLANATORY NOTE:
This Current Report on Form 8-K/A (Amendment One) amends the Current Report on Form 8-K, dated July 12, 2016 and filed with the Securities and Exchange Commission or "SEC" by Capstone Companies, Inc., a Florida corporation, ("Company") on July 12, 2016, which 12 July 2016 Form 8-K reported the Company entering into: (1) an option agreement, dated June 27, 2016, with Involve, LLC, a Delaware limited liability company, ("Involve") to purchase up to 25 million shares of the Company Common Stock, $0.0001 par value, ("Common Stock") owned by Involve and (2) a stock purchase agreement with Neil Singer, an individual and a principal of Involve ("Singer") and AC Kinetics, Inc., a private Delaware corporation and an affiliate of Singer ("ACK"), whereby Singer purchased all of the outstanding securities of ACK owned by the Company in exchange for a promissory note in the initial principal amount of $1,500,000 (the "Note"), which Note was assigned to NLO Holdco, LLC, a Delaware limited liability company and an affiliate of Singer, as payor. The option agreement and stock purchase agreement were part of a single transaction. This Current Report on Form 8-K/A (Amendment One) reports the partial exercise of one of the Options by the Company.
ITEM 8.01 Other Matters
As previously reported, Involve and Company entered into an Option Agreement, dated June 27, 2016, (the "Option Agreement") whereby Involve granted options to the Company to repurchase up to 25 million shares of Company Common Stock owned by Involve at a purchase or exercise price of $0.01 per share in five (5) increments of 5,000,000 shares each, (333,333 shares post reverse) (an "Option" and collectively the "Options") for $50,000 per Option, or for a total purchase price of $250,000 in the aggregate if all Options are exercised. The Options terminate on the earlier of the twelve (12) month anniversary of the first date that the Company exercises any Option or June 27, 2019, the thirty-six (36) month anniversary of the effective date of the Option Agreement.
The Company partially exercised one of the Options and purchased 1,000,000 of the shares of Common Stock from Involve on February 13, 2017, in a private transaction and at an exercise price of $0.15 per share, or an aggregate purchase price of $150,000. The 1,000,000 shares of Common Stock purchased by the Company will returned to the treasury as treasury shares available for future issuance.
ITEM 9.01. Financial Statements and Exhibits.
Exhibit Number Exhibit Description
10.1
Option Agreement, dated June 27, 2016, by Capstone Companies, Inc. and Involve, LLC *
* Filed as Exhibit 10.1 to the Current Report on Form 8-K, dated 12 July 2016, filed with the SEC on 12 July 2016, and incorporated herein by reference.
Dizzy-
is this new?
FCC ID Certifications
January 5 ·
CAPSTONE INDUSTRIES INC smart switch (2ACN4IPCO): FCC Application for smart switch approved for CAPSTONE INDUSTRIES INC of United States. This device now has application materials and exhibits for public review on 2017-01-05.
FCC ID 2ACN4IPCO smart switch by CAPSTONE INDUSTRIES INC
FCC ID application submitted by CAPSTONE INDUSTRIES INC for smart switch for FCC ID 2ACN4IPCO. Approved Frequencies, User Manuals, Photos, and…
FCCID.IO|BY FCC ID
OTC QX? Anybody know anything?