other material
confidence high
sentiment neutral
materiality 0.60
Capstone Smart Mirror launch delayed; shipments expected by end of August 2021
CAPSTONE COMPANIES, INC.
- Testing/certification delayed seven weeks due to COVID in China and Thailand; shipments now expected before end of August.
- Management plans ~3,000 mirrors in Q3 2021; additional 2,000 possible in Q4 based on demand.
- Pricing maintained at $699/$899 but may adjust to $799/$999 due to cost increases.
- Pre-order system on website with credit card charged at shipment; Google Ads to resume in September.
- CEO and largest shareholder have not sold any shares; second assembly facility near home being evaluated.