Capstone Companies Delivers Record 2017 Revenue


March 28, 2018


Company News

  • Total revenue increased 20% to $36.8 million
  • Gross profits increased 20% to $8.8 million
  • Capstone debt free at year-end

DEERFIELD BEACH, FL, March 28, 2018Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer of innovative LED lighting solutions today reported its financial results for the fourth quarter and full year 2017.

Stewart Wallach, Capstone’s Chairman and CEO, commented, “2017 was an excellent year for Capstone. We exceeded $36.8 million in revenue, a record, increased our gross profit, a record. Revenue increased by 20% over 2016. Management has continued to demonstrate its abilities to execute the Company’s strategy. User demand has expanded and as a result our revenues increased through our big box channel partners.”

“As we enter 2018, the Company is fortifying its resources in R&D and product development areas. While the Company’s focus has been strictly on LED lighting products, we continue to explore new areas where, like LED, we can bring a level of innovation and excitement to emerging categories. We look forward to expanding on our core success as our increased R&D and product development effort yields results.”

Full Year 2017 Highlights

  • Total revenue increased 20% to $36.8 million from $30.6 million in 2016.
  • Gross profit increased 20% to $8.8 million from $7.4 million in 2016.
  • Operating income remained consistent at $3.2 million.
  • Provision for income tax increased to $1.03 million from $0.3 million in 2016.
  • Net income was $2.08 million from $2.82 million in 2016, due to the tax provision increase.
  • The Company was debt free year-end, fully paid off old director loans and bank line fully paid down.
  • Year-end cash balance increased $2.0 million.

Gross profit was $1.5 million compared to $1.8 million in 2016. Financial results for 2017 continued to be very strong. For the year, total revenue improved due to continuing performance in the Accent Light Category under Capstone Lighting®, Hoover® Home LED and Duracell® brands.

The Company continued to build momentum within its existing channels. Increased product assortment generated expanded product placements and revenue expansion.

Webcast and Teleconference to Review Results and Outlook

The Company will host a live webcast and conference call on Thursday, March 29, 2018 at 10:30 a.m. Eastern Time. During the call, management will review the financial and operating results and discuss the Company’s corporate strategy and outlook, followed by a question-and-answer session. The conference call can be accessed by dialing (201) 689-8562. The listen-only audio webcast can be monitored at

A telephonic replay will be available from 1:30 p.m. ET the day of the call until Tuesday, April 5, 2018. To listen to the archived call, dial (844) 512-2921 and enter conference ID number 13674858. Alternatively, the archive of the webcast will be available on the Company’s website at, along with a transcript, once available.

About Capstone Companies, Inc. Capstone Companies, Inc. is a designer of innovative LED lighting solutions including power failure lighting, for consumers and institutions. The Company’s products are sold under the Capstone Lighting® and Hoover® HOME LED brands, to big box retailers, wholesale clubs, and home improvement stores throughout North America and in international markets. Capstone’s strategy is to utilize its low-cost manufacturing base to provide high-quality consumer products to its customers at a reasonable price, using primarily direct import distribution.

Visit for more information about the Company and for information on our current product offerings.


This news release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements consist of words like “anticipate,” “expect,” “project,” “continue” and similar words. These statements are based on the Company’s and its subsidiaries’ current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include consumer acceptance of the Company’s products, its ability to deliver new products, the success of its strategy to broaden market channels and the relationships it has with retailers and distributors. Prior success in operations does not necessarily mean success in future operations. The ability of the Company to adequately and affordably fund operations and any growth will be critical to achieving and sustaining any expansion of markets and revenue. The introduction of new products or the expanded availability of products does not mean that the Company will enjoy better financial or business performance. The risks associated with any investment in Capstone Companies, Inc., which is a small business concern and a “penny-stock Company” and, as such, a highly risky investment suitable for only those who can afford to lose such investment, should be evaluated together with the risks and uncertainties more fully described in the Company’s Annual and Quarterly Reports filed with the Securities and Exchange Commission. Capstone Companies, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Contents of referenced URLs are not incorporated into this press release.



Aimee Gaudet                        

Corporate Secretary                           (954) 252-3440, ext. 313







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