Capstone Companies Inc (CAPC)

[mikeonmicrocaps]

The continued strong interest in our LED lighting products produced another record backlog level at the end of the first quarter. The order activity and backlog level drives our expectation that the second quarter of 2017 will exceed the same prior-year period and be the strongest second quarter in company’s history.”

During the quarter, 5 new products were shipped which represented 64% of revenue.

Some paper napkin calculations yield $ 4.35 million from the 5 new product categories shipped during Q 1. If 2 of these 5 result in increased consumer demand we can assume that there will be re orders during Q 2. Add the $ 2.5 million from the legacy products and we can easily see $ 12 million or more when Q 2 comes to an end.

I just can't explain why anyone would sell CAPC at these levels and at this time. I just hope we get the heck off of the OTC and start to run with the big dogs.