Capstone Companies, Inc. Reports Preliminary Third
Post# of 2207
Posted On: 10/22/2013 10:14:00 AM
Capstone Companies, Inc. Reports Preliminary Third Quarter 2013 Results
Date : 10/22/2013 @ 10:00AM
Source : GlobeNewswire Inc.
Stock : Capstone Companies, Inc. (QB) (CAPC)
Quote : 0.0168 0.0013 (8.39%) @ 10:04AM
Capstone Companies, Inc. Reports Preliminary Third Quarter 2013 Results
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Capstone Companies, Inc. (QB) (USOTC:CAPC)
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Today : Tuesday 22 October 2013
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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 preliminary revenue results for the third quarter ended September 30, 2013.
Preliminary revenue for the third quarter of 2013 of $5.7 million improved by $1.0 million, or 21%, over third quarter 2012 revenue of $4.7 million. For the nine month period ended September 30, 2013 preliminary revenue was $7.3 million, an improvement of $1.5 million, or 25%, from revenue of $5.9 million for the first nine months of 2012.
Stewart Wallach, Capstone's CEO, commented, "Our revenue expansion in the third quarter reflects the benefits of our investments for growth. During the first half of 2013, our domestic distribution program gained momentum and accounted for 48% of first half revenue. Importantly, we are seeing indications that approximately 80% of our second half 2013 revenue will be related to our legacy domestic import shipment program. This shows that the implementation of our direct distribution program has not lessened the magnitude of our seasonal direct imports."
The Company plans to report its full financial results for the three and nine month periods ended September 30, 2013 on Tuesday, November 12, 2013.
Date : 10/22/2013 @ 10:00AM
Source : GlobeNewswire Inc.
Stock : Capstone Companies, Inc. (QB) (CAPC)
Quote : 0.0168 0.0013 (8.39%) @ 10:04AM
Capstone Companies, Inc. Reports Preliminary Third Quarter 2013 Results
Alert
Capstone Companies, Inc. (QB) (USOTC:CAPC)
Intraday Stock Chart
Today : Tuesday 22 October 2013
Click Here for more Capstone Companies, Inc. (QB) Charts.
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 preliminary revenue results for the third quarter ended September 30, 2013.
Preliminary revenue for the third quarter of 2013 of $5.7 million improved by $1.0 million, or 21%, over third quarter 2012 revenue of $4.7 million. For the nine month period ended September 30, 2013 preliminary revenue was $7.3 million, an improvement of $1.5 million, or 25%, from revenue of $5.9 million for the first nine months of 2012.
Stewart Wallach, Capstone's CEO, commented, "Our revenue expansion in the third quarter reflects the benefits of our investments for growth. During the first half of 2013, our domestic distribution program gained momentum and accounted for 48% of first half revenue. Importantly, we are seeing indications that approximately 80% of our second half 2013 revenue will be related to our legacy domestic import shipment program. This shows that the implementation of our direct distribution program has not lessened the magnitude of our seasonal direct imports."
The Company plans to report its full financial results for the three and nine month periods ended September 30, 2013 on Tuesday, November 12, 2013.
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