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Tuesday, August 12, 2014 12:48:42 PM
Gerry McClinton, Capstone's Chief Financial Officer and Chief Operating Officer commented, "Our efforts to provide high value safety and security lighting solutions is clearly gaining ground with end users as evidenced by our strong backlog, which is exceeding $8.0 million for shipments through the third quarter of this year. We are still expecting that revenue for the first half of 2014 will be between $4.5 million and $5.0 million, up significantly from the $1.6 million of revenue we reported for the first half of last year."
Stewart Wallach, Capstone's Chief Executive Officer added, "Our innovative product designs and greater shelf presence has led to increased brand awareness for Capstone Industries lighting products. Strong end-user demand for the Eco-i-Lite power failure safety lights and our line of motion sensor lighting solutions has resulted in new orders from some of our major customers."
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