CHDT Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Revenue Guidance for the Year 2012
May 15, 2012 at 04:30 pm EDT
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CHDT Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of $338,670 against $2,417,494 a year ago. Net operating loss was $316,244 against net operating income of $182,828 a year ago. As a result of the impact of the prior business model, net loss was $348,175 against net income of $107,118 a year ago. Net cash provided by operating activities was $455,174 against net cash used in operating activities of $461,587 a year ago. Purchase of property and equipment was $2,401 against $2,250 a year ago. The change in revenue reflects the variability of timing of orders and shipments due to the company's direct import business model and CHDT's recent expansion of its channels to market via a domestic distribution program.
The company believes additional revenue growth over the course of 2012, and as a result, the company expects its revenue stream will be more consistent over time.
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.
CHDT Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Revenue Guidance for the Year 2012