Capstone Comp - CAPC STOCK NEWS

Capstone Companies, Inc. (OTC: CAPC) announced its Q2 2021 financial results, reporting no revenues due to delays in its Smart Mirror product launch caused by COVID outbreaks in Thailand and China. However, for the six months ending June 30, gross profit rose by $59.5K (85.9%) compared to 2020, while operating expenses decreased by $913K (43.3%) to approximately $1.194M. The net loss before tax was $1.074M, down from $2.038M in 2020. The company remains debt-free and increased cash by $580K during this period, indicating resilience amid pandemic challenges.

Capstone Companies, Inc. (OTC: CAPC) announced a conference call on August 13, 2021, at 11:00 a.m. Eastern, to update shareholders on its smart mirror campaign. CEO Stewart Wallach acknowledged shareholder support during the pandemic and stated that the webcast aims to provide insights into the product's initial availability. Additionally, the company invites participants to reserve their smart mirrors on its updated website. The press release highlights potential risks related to product launch challenges, competition, and the ongoing impact of the COVID-19 pandemic on operations and financing.

Capstone Companies, Inc. (OTC: CAPC) announced that Director Jeffrey Guzy exercised a non-qualified stock option, purchasing 100,000 shares at $0.435 each for a total of $43,500. The proceeds will support general working capital, particularly for the launch of the new Smart Mirror product line. CEO Stewart Wallach noted that Guzy's actions align with the company’s strategic direction. Guzy emphasized the significance of the Smart Mirror as a necessary shift in strategy, acknowledging market competition and the lack of established sales track records in this new product line.

Capstone Companies, Inc. (OTC: CAPC) reported its first quarter 2021 financial results, highlighting minimal revenue growth and the establishment of equity funding. CFO Gerry McClinton stated the focus will shift toward the rollout of the Smart Mirror, inventory building, and expanding social media outreach. Chairman and CEO Stewart Wallach emphasized that while financial performance has improved slightly, updates on the Smart Mirror program will be provided to shareholders, as it positions as the Company’s core future business.

Capstone Companies, Inc. (OTC: CAPC) will release its First Quarter 2021 financial results after market close on May 17, 2021. A conference call hosted by President Stewart Wallach and CFO Gerry McClinton will follow on May 18, 2021, at 10:30 a.m. ET to discuss these results, the Company’s strategy, and future outlook. Investors can access the call via phone or an internet webcast available on Capstone's website. A replay will be available until May 25, 2021.

Capstone Companies, Inc. (OTC: CAPC) has successfully raised $1.498 million through a private equity placement, selling 2,496,667 shares of restricted common stock to five accredited investors. This funding is aimed at enhancing the company's e-commerce inventory to meet consumer demand for rapid deliveries. Chairman and CEO Stewart Wallach expressed satisfaction in avoiding costly debt and aligning with investors supportive of its new product line. The placement was facilitated by Littlebanc Advisors, LLC and Wilmington Capital Securities, LLC.

Capstone Companies, Inc. (OTC: CAPC) reported significant declines in revenue and earnings for the full year 2020, largely attributed to the COVID-19 pandemic impact. Despite these challenges, the company successfully developed its Connected Surfaces program and plans to introduce the innovative Smart Mirror product. CEO Stewart Wallach highlighted the achievements during a tumultuous year, emphasizing the resilience in finalizing new product developments amid global supply chain disruptions.

Capstone Companies, Inc. (OTC: CAPC) announced it will release its Year-End 2020 financial results on March 31, 2021, after market close. A conference call will be held on April 1, 2021, at 10:30 a.m. ET, featuring CEO Stewart Wallach and CFO Gerry McClinton, who will discuss the financial results and company outlook, followed by a Q&A session. Interested parties can access the call via phone or an internet webcast. The call will be archived for later listening.

Capstone Companies, Inc. (OTC: CAPC) announced a conference call and webcast led by CEO Stewart Wallach on March 18, 2021, to discuss a corporate strategic update for 2021, focusing on the new Smart Mirror program. Wallach expressed optimism about the Smart Mirror's potential and acknowledged shareholder support during challenging times. The call will begin at 11:30 a.m. ET, with a replay available afterward. Shareholders are encouraged to visit Capstone's updated website for more information and product reservations.