Capstone Companies Inc (CAPC)

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Second consecutive quarter of record breaking revenue
Operating income increased to a record $1.6 million
Earnings power demonstrated with record $1.5 million in net income
Expecting 2016 revenue growth of over 75% to nearly $30 million


Stewart Wallach, Capstone’s Chairman and CEO, commented, “We believe our performance this year 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 have once again broken our quarterly revenue record on the back of our successful introduction of accent lighting products through the warehouse club channels. Our product innovation, responsive and reliable customer service and strong brands have gained traction resulting in substantial revenue and earnings growth in the first nine months of 2016.

“We will continue to drive growth by developing new lighting products that incorporate previously unmet functionality while utilizing the efficiency of LED lighting. We are starting to see a preliminary picture of what the first part of 2017 may look like for Capstone, and all indications at this point are for a first half of 2017 that outperforms our strong performance in the first half of 2016.”