Capstone Holding Corp.

Capstone Holding Corp. announced preliminary operating results for July and August 2026, reporting 7.6% organic revenue growth and 6.5% organic gross profit growth. The company highlighted continued momentum and progress against its capital-efficient growth strategy, with year-to-date organic gross profit outpacing revenue growth. Capstone also detailed plans for expansion in the Pacific Northwest, diversification into siding for Carolina Stone, and continued product portfolio growth.

Capstone Holding Corp. reported strong financial and operating results for the second quarter of 2026, with revenue increasing 67% to $21.5 million and gross profit growing 92% to $6.0 million. The company achieved positive Stone Business Adjusted EBITDA of $2.0 million, meeting its guided inflection point. Capstone also reaffirmed its full-year 2026 guidance and highlighted strategic progress including new product launches, expansion of its distribution network, and the implementation of an AI operating system.

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.

Capstone Holding Corp. filed an amendment to its Q1 2026 Form 10-Q to restate the weighted average number of common shares outstanding and basic/diluted net loss per share for the comparative three months ended March 31, 2025. The restatement changed the Q1 2025 net loss per share from $(0.47) to $(1.56) due to an error in calculating weighted average shares. The net loss for Q1 2025 remains unchanged. For Q1 2026, the company reported net sales of $12.64 million and a net loss of $1.92 million, an improvement from the restated Q1 2025 net loss of $2.43 million.

Capstone Holding Corp. has filed an amendment to its 10-Q to restate its financial statements for the three and six months ended June 30, 2025. The restatement primarily corrects the weighted average share and per share amounts, and the schedule of potentially dilutive securities. Additionally, the company disclosed a material weakness in internal control over financial reporting identified in connection with the restatement.

Capstone Holding Corp. reported a significant increase in net sales for the second quarter of 2026, reaching $21.48 million, a 67.1% rise from the prior year. Gross profit more than doubled to $5.99 million. However, the company's net loss widened to $1.38 million for the quarter, compared to a $0.70 million loss in Q2 2025. For the six months ended June 30, 2026, net sales grew to $34.11 million, and the net loss was $3.29 million. The company also recognized a $438,000 tariff refund receivable.

Capstone Holding Corp. announced that its Chief Financial Officer and Audit Committee concluded that previously issued unaudited condensed consolidated financial statements for the three and six months ended June 30, 2025, and the three and nine months ended September 30, 2025, should no longer be relied upon. The non-reliance is due to errors in the weighted average number of common shares outstanding and the related basic and diluted net loss per share. While net loss for these periods remains unchanged, the per-share figures have been significantly restated, for example, Q1 2025 basic/diluted net loss per share changed from $(0.47) to $(1.56).

Capstone Holding Corp. announced it entered into a First Amendment to Senior Secured Convertible Note with an institutional investor. This amendment extends the maturity date of the July 2025 Convertible Note from July 29, 2026, to August 29, 2026. The original note, issued on July 29, 2025, had a principal amount of approximately $3.27 million and an 8.34% original issue discount.

Capstone Holding Corp. announced it has received an additional 180-calendar day extension from Nasdaq to regain compliance with the minimum $1.00 per share bid price requirement. The new deadline for compliance is January 4, 2027. The company was initially notified of non-compliance on January 7, 2026, with an original deadline of July 6, 2026. Capstone intends to monitor its stock price and consider options, but there is no assurance it will regain compliance.

Capstone Holding Corp. announced an amendment to its Amended and Restated Common Stock Purchase Agreement with an accredited investor, Tumim Stone Capital, LLC. The original agreement granted the company the right to sell up to $20 million in common stock. The amendment, effective July 2, 2026, primarily modifies the calculation of the Volume-Weighted Average Price (VWAP) Purchase Price and adjusts the valuation period end time. The new VWAP Purchase Price will be the greater of the lowest trading price during the valuation period or 90% of the VWAP, excluding opening and closing trades.