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With this volume, nobody is pumping and running.
I bought 5k at .0419 just to see what my account would look like. It's pretty.
L2--path to .04?
High volume start. 600 shares. L2 anybody? I think we continue range bound until we get some news. Considering where we were 2 months ago, .035 is a great place to be
Further, to the point of technology advancements and our strategy to continue to nourish the Company’s product development endeavors, the Company invested in a U.S. company, AC Kinetic Technologies, in 2013 to confidentially explore and develop certain inventive concepts the Company has conceived that are very complex and that would yield intellectual property which will further distance the companies’ products from off the shelf products commonly marketed at retail. The Company plans to exploit the trade secret technologies within its own products and also make the technologies available for licensing to companies that have distributions not currently served by other Capstone related companies. The first of these products will be introduced to the market in second fiscal quarter of 2014. The Company also continues to seek out and selectively acquire or invest in businesses with perceived superior technical product development capabilities or that could benefit from our market position and strategic direction. All forward planning product development roadmaps are also assessing possible benefits to be realized from US based production.
As previously announced, the Company also seeks and reviews potential acquisitions of new products and technologies that are complementary to our product lines, or the acquisition of companies with such products and technologies. We have not entered into any agreements or commitments with respect to such efforts, but the effort is ongoing and part of our growth strategy and strategy to enhance shareholder value.
We have extensive experience in introducing new products to retail market channels and believe that provides us a competitive edge. In our early development, we sought to find niche product opportunities that may have been overlooked or underexploited by competitors, in order to win a profitable niche of the market share with minimal cost of entry. In 2014, the Company plans its largest launch of new products that is expected to expand the Company’s distribution beyond its current product placements.
The news was released after the market closed.
when do you think we hit a nickel? A dime?
Capstone Companies, Inc. (OTCQB: CAPC) Achieves Gross Margin Expansion on Record Revenue in First Quarter 2014 Go CAPC
Gross profit improved to $1.3 million, for a record gross profit margin of 32%, driven by the increase in sales volume, efficient product design, strategic procurement practices and product mix. Operating expenses as a percentage of revenue were down sharply to 23% compared with 77% in the prior-year quarter, driven by higher revenue.
We continue to invest in retail support programs, expand our core product offerings, and leverage Capstone International HK to expand non-core product offerings, and as a result we expect continued top-line growth and the resulting profitability.”
Record first quarter revenue of $4.1 million increased nearly six-fold from $0.7 million in the prior-year period
--Realized first quarter gross profit margin of 32%; Gross profit up over 6.5 times to $1.3 million
-- Achieved net income of $0.3 million
We had a very strong start to 2014 following our record-setting financial performance in 2013 and are now running at a trailing twelve month revenue rate of about $18 million.
EARNINGS!
Capstone Companies, Inc. 350 Jim Moran Blvd, Suite 120 Deerfield Beach, FL 33442 FOR IMMEDIATE RELEASE
Capstone Companies, Inc. Achieves Gross Margin Expansion on Record Revenue in First Quarter 2014
? Record first quarter revenue of $4.1 million increased nearly six-fold from $0.7 million in the prior-year period
? Realized first quarter gross profit margin of 32%; Gross profit up over 6.5 times to $1.3 million
? Achieved net income of $0.3 million, a significant improvement over the prior-year period’s loss
DEERFIELD BEACH, FL, May 13, 2014 – Capstone Companies, Inc. (OTCQB: CAPC) (“Capstone” or the “Company”), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the Hospitality, Retail and Institutional channels, reported first quarter unaudited financial results.
Stewart Wallach, Capstone’s CEO, commented, “We had a very strong start to 2014 following our record-setting financial performance in 2013 and are now running at a trailing twelve month revenue rate of about $18 million. The top-line results came in $1 million above our previous expectations as we pulled revenue in from the second quarter to meet customer timing requirements. Our margin growth illustrates the leverage and scalability of the business as well an improved product mix. We continue to invest in retail support programs, expand our core product offerings, and leverage Capstone International HK to expand non-core product offerings, and as a result we expect continued top-line growth and the resulting profitability.”
Building on Momentum
Capstone’s financial performance continues to align with the strategic initiatives that have been adopted over the past several years. Revenue increased six-fold from the prior-year quarter, delivering record first quarter revenue of $4.1 million. Gross profit improved to $1.3 million, for a record gross profit margin of 32%, driven by the increase in sales volume, efficient product design, strategic procurement practices and product mix. Operating expenses as a percentage of revenue were down sharply to 23% compared with 77% in the prior-year quarter, driven by higher revenue.
Mr. Wallach added, “Our strategic growth initiatives to deepen market penetration, expand our product portfolio, capitalize on innovative, rapid product development and the rationalization of our distribution channels continue to deliver impressive results. We are strategically well positioned for further growth, and will continue to execute our long-term plan by creating a strong and well-respected brand to drive shareholder value.
“With the pull-in of about $1 million of revenue from the second quarter, we are still expecting first half 2014 revenue to be between $4.5 million and $5.0 million.”
Taken down by another late low bid..
$0.0282 5,000 OTO 15:57:34
$0.03 10,000 OTO 15:39:17
$0.0319 3,000 OTO 15:30:45
$0.03 15,000 OTO 14:04:41
$0.03 5,000 OTO 14:04:37
$0.0278 25,000 OTO 13:01:50
$0.032 40,000 OTO 10:25:28
$0.0319 55,300 OTO 10:25:19
$0.0271 55,300 OTO 10:10:58
$0.028 10,000 OTO 10:10:55
$0.032 6,300 OTO 09:46:06
$0.032 5,000 OTO 09:32:29
$0.03 16,600 OTO 09:31:24
$0.03 25,000 OTO 09:30:10
Hey Mike.
I just bought a FIFA Brazil watch from FIFA.com for 19.99 plus 6.99 shipping.
Just need to sell about a million more!
I could not read between the lines whether or not the new technology is ready for show or if these
were just extensions of the old lines. I know that is purportedly why Stewart went to China but
I couldn't tell if he pulled it off for this show.
Anybody know if Stewart is still in china?
Wow, day traders going crazy today, must have heard about the watch campaign.
Eight million shares traded. Oh,.... it's 800, not eight million. My bad. Never mind.
Can anyone scan IHUB and see if it was a day trader momentum attack?
NOBODY PICKED THIS UP AND IT"S BIG
"As important as we look forward are the new product introductions for 2014, specifically those developed through collaboration with AC Kinetics that will be debuted at the Hardware Show early next month. Product innovation is paramount to continue to drive growth over the long term."
Everybody missed the news. He said WILL BE DEBUTED. Until now it was hoping, planning, working hard. This is huge. Stewart always parses his words carefully.
How is the level 2 looking?
Anyone, why is there now a yellow star, the number one, then a yellow star at the top of the calc ihub page?
Hey U. You have been relatively absent. Sounds like you've been following from a relative
distance and have jumped back in. Welcome back! Good things ahead.
STOCK OWNERSHIP
PERCENTAGE OF STOCK OWNERSHIP
STOCK OWNERSHIP AFTER CONVERSION OF ALL OPTIONS & WARRANTS PLUS THOSE EXERCISEABLE WITHIN THE NEXT 60 DAYS
% OF STOCK OWNERSHIP AFTER CONVERSION OF ALL OPTIONS & WARRANTS PLUS THOSE EXERCISEABLE WITHIN THE NEXT 60 DAYS
VESTED
EXPIRED
NOT VESTED
Stewart Wallach, CEO, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (2)
147,618,822
22.4%
172,116,861
23.5%
24,498,039
0
0
Gerry McClinton, CFO, COO & Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (3)
504,949
0.1%
32,754,949
4.5%
32,250,000
0
0
Laurie Holtz, Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (4)
4,628,300
0.7%
7,128,300
1.0%
2,500,000
0
0
Jeff Postal, Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (5)
128,381,748
19.5%
131,881,748
18.0%
3,500,000
4,000,000
0
Jill Mohler, Secretary, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (6)
0
0.0%
600,000
0.1%
600,000
0
0
Jeff Guzy, Director,Director, 3130 19th St North, Arlington, VA 22201 (7)
832,000
0.1%
5,332,000
0.7%
4,500,000
0
0
Larry Sloven, Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (8)
792,000
0.1%
3,792,000
0.5%
3,000,000
0
0
ALL OFFICERS & DIRECTORS AS A GROUP
282,757,819
43.0%
353,605,858
48.3%
70,848,039
4,000,000
0
You are hurricaneman on WEB3
I listened to the conference this morning. It's interesting they had no specific guidance whatsoever for 2014. More high margin products to be released in the next 6 months than the previous 18. Rushing to get new technology done and ready for presentation before May. Working on several projects in China for production. Sounds like the potential is enormous. I don't think they have any idea of how to think about potential sales for 2014. Could double or triple or more.
I agree. I've been here since the old days and have a giant slug of this previously illiquid stock.
I see really good times coming.
running bull-- you might miss the point.
The technology is that the lights don't stay on when the power goes off-- but that you can use your light switch to turn them on and off. So, even if it only holds a few hours of power, you can turn your lights on and off to last even days... using your usual light switch. You can still read on the toilet. lol The sensor and battery is in the socket yet it works from your usual switch. Disruptive technology.
Check out accounts receivable going into 2014.....2013 against 2012...accts receivable and prepaid over 8 million.....
means record sales and earnings for first quarter too....
Assets:
Current Assets:
2013 2012
Cash
$ 436,592 $ 411,259
Accounts receivable - net
6,927,238 2,673,555
Inventory
298,099 584,370
Prepaid expense
1,082,784 351,003
Total Current Assets
8,744,713 4,020,187
STOCK OWNERSHIP
PERCENTAGE OF STOCK OWNERSHIP
STOCK OWNERSHIP AFTER CONVERSION OF ALL OPTIONS & WARRANTS PLUS THOSE EXERCISEABLE WITHIN THE NEXT 60 DAYS
% OF STOCK OWNERSHIP AFTER CONVERSION OF ALL OPTIONS & WARRANTS PLUS THOSE EXERCISEABLE WITHIN THE NEXT 60 DAYS
VESTED
EXPIRED
NOT VESTED
Stewart Wallach, CEO, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (2)
147,618,822
22.4%
172,116,861
23.5%
24,498,039
0
0
Gerry McClinton, CFO, COO & Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (3)
504,949
0.1%
32,754,949
4.5%
32,250,000
0
0
Laurie Holtz, Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (4)
4,628,300
0.7%
7,128,300
1.0%
2,500,000
0
0
Jeff Postal, Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (5)
128,381,748
19.5%
131,881,748
18.0%
3,500,000
4,000,000
0
Jill Mohler, Secretary, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (6)
0
0.0%
600,000
0.1%
600,000
0
0
Jeff Guzy, Director,Director, 3130 19th St North, Arlington, VA 22201 (7)
832,000
0.1%
5,332,000
0.7%
4,500,000
0
0
Larry Sloven, Director, 350 Jim Moran Blvd, Suite 120, Deerfield Beach, FL 33442 (8)
792,000
0.1%
3,792,000
0.5%
3,000,000
0
0
ALL OFFICERS & DIRECTORS AS A GROUP
282,757,819
43.0%
353,605,858
48.3%
70,848,039
4,000,000
0
With the current retail interest in our product offerings, expansion of distribution channels through the domestic purchase program, the establishment of Capstone International Hong Kong. Ltd, and its new direct to retail campaign, and the introduction of new products and the product development program implemented with AC Kinetics Technologies the Company expects its sales volumes to significantly grow
Further to the point of technology advancements and our strategy to continue to nourish the company’s product development endeavors, the Company invested in a U.S. company, AC Kinetic Technologies, in 2013 to confidentially explore and develop certain inventive concepts the Company has conceived that are very complex and that would yield intellectual property which will further distance the companies’ products from off the shelf products commonly marketed at retail. The Company plans to exploit the trade secret technologies within its own products and also make the technologies available for licensing to companies that have distributions not currently served by other Capstone related companies. The first of these products will be introduced to the market in second fiscal quarter of 2014. The Company also continues to seek out and selectively acquire or invest in businesses with perceived superior technical product development capabilities or that could benefit from our market position and strategic direction.
I was under the belief that these questions were being forwarded by Townie to Stewart et al.
Questions: How soon will this new power failure technology be turned into a product that we can sell?
Is there a working prototype? How quickly can CAPC go from prototype to actual distribution of products? How many varieties of the technology will be available? Has anyone been shown the technology? What is the feedback from retailers relative to their interest in the technology?
Hey Salve,
You are basing this prediction ( an uptick of .037-.039 in sixty days if we can hold 0.18) on your prediction of quarterly earnings to be reported or on your sense of the possibilities related to the new technology?
You still holding on to yours? Accumulating or holding?