Charles & Colvard Ltd Stock Price, News & Analysis

Charles & Colvard, Ltd. (Nasdaq: CTHR) will present at the Sidoti Virtual Micro Cap Investor Conference on December 8-9, 2021. The presentation, led by President and CEO Don O'Connell, starts at 10:00 AM ET on December 8. Investors can register for the live presentation and one-on-one meetings via the Sidoti website, and registration is free. Charles & Colvard specializes in lab-created gemstones, offering notable brands like Forever One^TM moissanite and Caydia^® lab-grown diamonds, emphasizing quality and sustainability.

Charles & Colvard, Ltd. (Nasdaq: CTHR) reported a 30% increase in net sales for Q1 Fiscal 2022, totaling $10.3 million. Their net income stood at $827,000, with earnings per share at $0.03, stable compared to the previous year. Online sales increased 20% to $5.4 million, while traditional net sales surged 42% to $4.9 million. Operating expenses rose 51% to $4.3 million, primarily driven by increased marketing investments. The company maintained a strong cash position of $19.2 million with no outstanding debt.

Charles & Colvard, Ltd. (Nasdaq: CTHR) announced the grand opening of a wholesale distribution center in Panyu, Guangdong, China, on November 3, 2021. This facility aims to enhance the Company's global presence and showcase its Forever One^TM moissanite gemstones. President and CEO Don O'Connell emphasized the importance of this center in allowing retailers to experience the quality of their products firsthand, thereby strengthening the Charles & Colvard brand in the Asia Pacific region.

Charles & Colvard, Ltd. (Nasdaq: CTHR) will host an investor conference call on November 4, 2021, at 4:30 p.m. ET to discuss its financial results for the first quarter of fiscal year 2022, ending September 30, 2021. The results will be released after market close that day. Investors can access the live webcast in the Investor Relations section of the company’s website. A replay will be available until November 11, 2021.

Charles & Colvard, Ltd. (Nasdaq: CTHR) has commenced construction of its first Signature Showroom at its North Carolina headquarters. This retail space will feature exclusive designs from the Signature Collection and an array of Forever One™ moissanite and Caydia® lab-grown diamond jewelry. President and CEO Don O'Connell highlighted the showroom's role in enhancing the omnichannel strategy, allowing customers to experience products in-person. The showroom will also facilitate design development and the Corporate Alliance Program.

Charles & Colvard, Ltd. (Nasdaq: CTHR) announced its participation in the Lytham Partners Fall 2021 Investor Conference on October 7, 2021, at 1:15 p.m. ET. The event will feature a live webcast accessible through the Investor Relations section of their website. Additionally, the management will conduct virtual one-on-one meetings on October 5-6, 2021. Interested parties can arrange meetings via Lytham Partners by contacting 1x1@lythampartners.com or registering at their dedicated link.

Charles & Colvard reported impressive financial results for Q4 and FY 2021, with net sales soaring 120% to $9.7 million in Q4 and 34% to $39.2 million for the full fiscal year. Net income surged to $8.4 million ($0.27 EPS) for Q4, compared to a net loss of $1.0 million in the prior year. Online sales rose 40% to $23.2 million, while traditional sales climbed 28% to $16.0 million. The company also successfully secured a PPP loan forgiveness of approximately $974,000, enhancing its financial position with $21.4 million in cash and no outstanding debt as of June 30, 2021.

Charles & Colvard, Ltd. (Nasdaq: CTHR) reported preliminary financial results for the fourth quarter and fiscal year ended June 30, 2021, highlighting a significant increase in net sales, primarily driven by record finished jewelry sales. The company anticipates a net income boost of $6 million to $6.5 million from a deferred tax valuation allowance and approximately $974,000 from the forgiveness of a Paycheck Protection Program loan. Full results will be disclosed in an earnings call on September 2, 2021.

Charles & Colvard, Ltd. (NASDAQ: CTHR) will host an investor conference call on September 2, 2021, at 4:30 p.m. ET to discuss its financial results for the fourth quarter and fiscal year ending June 30, 2021. The results will be released after market close the same day. Investors can access the call via telephone or through a live webcast on the company's Investor Relations website. A replay will be available until September 9, 2021. Charles & Colvard is recognized for its lab-created gemstones and commitment to quality and sustainability.