Capstone Therapeutics Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported loss from continuing operations before taxes of $1,188,000 compared to $976,000 for the same period a year ago. Loss from continuing operations was $1,188,000 compared to $976,000 for the same period a year ago. Net loss was $1,188,000 compared to $976,000 for the same period a year ago. Net loss attributable to the company stockholders was $995,000 compared to $976,000 for the same period a year ago. Net loss per share, basic and diluted, attributable to the company stockholders was $0.02 compared to $0.02 for the same period a year ago. The net loss benefited from effect of the reduction in internal operations and receipt of $152,000 from the conversion of an insurance company, in which the company was a policyholder, from mutual to private ownership, but these beneficial effects were offset by inclusion of the operating expenses of joint venture, LipimetiX Development, LLC.

Capstone Therapeutics Corp., Q1 2013 Earnings Call, May 15, 2013

Capstone Therapeutics Corp. reported consolidated earnings results for the year ended December 31, 2012. For the period, the company reported loss from continuing operations was $4.053 million compared to $9.711 million for the same period last year. Net loss was $4.053 million compared to $9.711 million for the same period last year. Net loss attributable to the company stockholders were $3.58 million or $0.09 per basic and diluted share compared to $9.711 million or $0.24 per basic and diluted share for the same period last year. Cash flows used in operating activities was $3.367 million compared to $10.59 million for the same period last year. Expenditures for furniture and equipment, net were nil compared to $19,000 for the same period last year. The decrease in the net loss for the year ended December 31, 2012 compared to 2011 resulted primarily from the reduction in staff in the fourth quarter of 2011 and other actions taken by the Company to wind down internal operations and move to a virtual operating model. Loss from continuing operations before taxes was $4.053 million compared to $9.869 million for the same period last year.