Welcome to our dedicated page for Charles & Colvard news (Ticker: CTHR), a resource for investors and traders seeking the latest updates and insights on Charles & Colvard stock.
Charles & Colvard, Ltd. (CTHR) generates news that spans product strategy, financing, governance, and stock listing developments, reflecting its role as a fine jewelry company focused on moissanite and lab-grown diamonds. Company press releases emphasize its identity as the original creator of lab-grown moissanite and a promoter of Made, not Mined™ above-ground gemstones and recycled precious metals, while also documenting key events that matter to investors and industry observers.
News coverage for Charles & Colvard often highlights strategic partnerships and product-related initiatives. Examples include its alliance with Ethara Capital LLC, an affiliate of Bhanderi Lab Grown Diamonds Inc., to expand its Caydia® lab-grown diamond offerings for both consumers and wholesale markets, and its exclusive strategic alliance with the International Gemological Institute (IGI) to introduce grading reports for Forever One™ moissanite gemstones and jewelry. Another notable development is its partnership with VideoShops, a social commerce network, which brings the company’s Made, not Mined™ jewelry catalog into customer-run storefronts and peer-to-peer selling environments.
Investors following CTHR news will also see regulatory and capital markets updates. The company has reported on a one-for-ten reverse stock split intended to address Nasdaq’s minimum bid price requirement, subsequent notices of non-compliance related to delayed SEC filings, and an April 2025 announcement that Nasdaq would suspend trading and delist its common stock, with the company expecting quotation on the OTC Experts Market. Additional news includes arbitration outcomes, shareholder activism and proxy-related communications, and disclosures about financing agreements such as the Convertible Secured Note Purchase Agreement with Ethara Capital LLC.
This news page allows readers to track how Charles & Colvard’s branding around Forever One™ moissanite and Caydia® lab-grown diamonds intersects with governance changes, litigation, financing, and trading status updates. Regularly reviewing CTHR news can help market participants understand both the company’s jewelry-focused initiatives and the risks and structural changes described in its public statements.
Charles & Colvard, Ltd. (CTHR) reported a record revenue of $13.8 million for Q2 FY2022, a 13% increase year-over-year, with a 49% gross margin. Year-to-date revenue reached $24.0 million, up 20% compared to the previous year. Direct-to-consumer sales jumped nearly 50%, while total online sales comprised 68% of net sales. Operating income was $1.5 million with earnings per diluted share at $0.04. Operating expenses rose 52% to $5.3 million, impacting net income, which declined 41% to $1.2 million. Cash equivalents stood at $21.3 million.
Charles & Colvard, Ltd. (Nasdaq: CTHR) will host an investor conference call on February 3, 2022, at 4:30 p.m. ET to discuss its financial results for the quarter ending December 31, 2021. The financial results will be released after market close on the same day. Investors can join the call by dialing the provided numbers or accessing the webcast on the company’s Investor Relations website. A replay will be available until February 10, 2022.
Charles & Colvard has announced the creation of commemorative championship rings for the 2015 and 2019 U.S. Women's World Cup champions as part of U.S. Soccer's Fan Week. The rings, produced in collaboration with U.S. Soccer, celebrate the historic achievements of the teams. The rings feature ethical, lab-grown gemstones and personalized elements for each player. The 2015 ring, set in 10K white gold, includes a Caydia Lab Grown Diamond, while the 2019 ring has a 10K white gold and yellow gold design with multiple diamonds. These rings symbolize excellence and commemorate significant victories.
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 OneTM 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 OneTM 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.