Capstone Companies, Inc. Announces Preliminary Sales Results for the Second Quarter of 2016; Provides Revenue Guidance for the Third Quarter of 2016
July 19, 2016 at 04:15 pm EDT
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Capstone Companies, Inc. announced preliminary sales results for the second quarter of 2016. For the quarter, the company's preliminary second quarter 2016 revenue of approximately $8.6 million. These preliminary results exceed the company's second quarter revenue guidance of $8.0 million, provided on May 16, 2016. The company announced that these results reflect how strongly end users have responded to the company's new product designs.
The company also had some shipments go out earlier than anticipated; however, based on current backlog levels, the company still expects its third quarter results to improve over the record revenue of $7.7 million that the company reported in the third quarter of last year.
Capstone Companies, Inc. is a holding company. The Company is a designer, manufacturer and marketer of consumer products that are designed to simplify daily living through technology. The Companyâs product line includes Connected Surfaces-Connected Chef, a purpose-built kitchen appliance tablet, which is a form factor with Google GMS operating system, with an integrated platform for cooking accessories, such as a cutting board. The Connected Chef is also designed to safely deliver and access content on mobile and Web-based platforms. The Connected Chef has a Google mobile service allowing for pre-installation of specific Google applications, including Playstore, voice assistant and YouTube. The Connected Chef also provides a cleaner and safer appliance in the cooking area. The Connected Surfaces portfolio is designed to tap into consumers' Internet of Things, wireless connected lifestyles.
CAPSTONE COMPANIES, INC. 
