CAPSTONE COMPANIES, INC. Files SEC 10-K Report

Capstone Companies, Inc. has released its annual Form 10-K report, highlighting a strategic transition from consumer electronics to health, fitness, and social activities (HFS). The report reveals a 25% decline in net revenue to $143.27 million, largely due to reduced sales of Smart Mirrors and LED lighting products. However, the company achieved a notable improvement in gross profit, reversing a previous gross loss to $105.25 million. Despite a reduced operating loss of $995.82 million, the company continues to face challenges, including funding issues and intense competition. Capstone has initiated the development of the Connected Chef kitchen tablet and is pursuing its new HFS initiative, which includes plans for sports facilities. Additionally, it is seeking alternative capital sources to sustain operations and support its strategic initiatives, as auditors have expressed concerns about the company’s long-term viability without securing further funding.

CAPSTONE COMPANIES, INC. Files SEC 10-K Report

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