Capstone Holding Corp. (NASDAQ:CAPS) has introduced a new natural stone firepit product at the iLandscape Show in Illinois, according to a company press release.
The new Aura natural stone firepit was officially launched at the trade event and is also scheduled to be showcased at the Northeast Hardscape Expo. The product expands Capstone’s outdoor living portfolio, which already includes garden path steppers.
Capstone’s shares have risen about 8.1% over the past week, although the stock remains down nearly 80% over the past year. The building products distributor currently has a market capitalization of roughly $5.73 million and generated $44.72 million in revenue over the past twelve months.
The company also announced new project wins that together represent more than 300,000 square feet of annualized demand. Management said these contracts are expected to contribute additional revenue and EBITDA.
The company is pursuing a path toward profitability after reporting negative EBITDA of $2.31 million in recent quarters. According to InvestingPro analysis, the stock may be undervalued at current levels, though the platform also notes that Capstone carries significant debt and is rapidly consuming cash—two of 13 additional ProTips available to subscribers.
“The reception to this launch reinforces what we’re seeing across our business: contractors are responding to an active project cycle, and that’s translating into strong demand and order volume for Capstone,” said Kevin Grotke, President of Instone.
Capstone operates a building products distribution network across 38 U.S. states and Canada, supplying stone veneer, hardscape materials and modular masonry systems through its Instone platform.
The company is targeting a positive EBITDA run-rate by the second quarter of 2026 and plans to release an Earnings Power Presentation in the coming weeks.
Chief Executive Officer Matthew Lipman said the company has secured customer wins during 2026 that are expected to drive scalable EBITDA growth. Management also highlighted ongoing repeat purchasing activity and steady order volumes across its distributor network for retail-ready products.
Recent developments
In other recent developments, Capstone Holding Corp. has set a goal of reaching $100 million in revenue by 2026, targeting a 10% EBITDA margin through a combination of organic growth and acquisitions. The company has already added approximately $26 million in revenue through recent acquisitions, marking progress toward that objective.
Capstone also extended its revolving credit facility with Berkshire Bank through June 2026, providing additional liquidity without added costs. The company said the extension supports its growth strategy while enabling exploration of more consolidated financing structures.
Additionally, Capstone has launched a cost rationalization initiative aimed at reducing overhead expenses by $2 million, which is expected to result in approximately $1.7 million in cash operating cost savings during fiscal 2026.
In another development, Capstone’s Nominating and Corporate Governance Committee approved payments to Nectarine Management LLC following the acquisition of Fraser Canyon Holdings Inc. Meanwhile, TotalStone, LLC, one of Capstone’s operating companies, entered into a fee waiver and deferral agreement with Brookstone Partners IAC, waiving $400,000 in management and consulting fees for 2026.
The company said these measures are part of broader efforts to strengthen its financial position and move toward sustained profitability.