StockWatch
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RETAIL: Building Materials
ClarificationAug 12, 2026, 07:38 AM

Capstone Restates Q3 2025 Financials, Discloses Material Weakness

AI Summary

Capstone Holding Corp. filed an amendment to its 10-Q to restate its financial statements for the three and nine months ended September 30, 2025. The restatement corrects errors in the weighted average number of common shares outstanding, leading to revised basic and diluted net loss per share figures. The company also disclosed a material weakness in internal control over financial reporting identified in connection with the restatement. Additionally, the filing includes details of the acquisition of Carolina Stone Holdings on August 22, 2025, for an aggregate purchase consideration of $4.777 million.

Key Highlights

  • Restated Q3 2025 EPS to $(0.34) from $(0.35) due to share count error.
  • Restated 9M 2025 EPS to $(1.22) from $(1.45) due to share count error.
  • Disclosed a material weakness in internal control over financial reporting.
  • Acquired Carolina Stone Holdings on August 22, 2025, for $4.777 million.
  • Net loss attributable to stockholders for 9M 2025 was $(5.147) million.
  • Total Assets increased to $58.483 million as of Sep 30, 2025.
  • Net cash used in operating activities for 9M 2025 was $(3.992) million.