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. reports developments for a fine jewelry company focused on moissanite and lab-grown diamond jewelry. Company updates center on its Forever One moissanite and Caydia lab-grown diamond brands, online and wholesale distribution, social-commerce partnerships, and supply-chain relationships for lab-grown diamonds.
News about CTHR also covers public-company status matters, including Nasdaq compliance and delisting updates, OTC trading context, shareholder and board governance, arbitration developments, strategic financing, and restructuring-related corporate actions. The company’s communications often link product expansion and digital commerce with capital structure and reporting-status events.
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.
Charles & Colvard, Ltd. (Nasdaq: CTHR) announced a significant strategic banking partnership with JPMorgan Chase Bank, executing a $5 million credit facility on July 12, 2021. This new relationship follows the termination of its previous credit facility with White Oak Commercial Finance. The partnership aims to enhance Charles & Colvard's financial capabilities and support its business scaling initiatives. CEO Don O'Connell emphasized the importance of this transition for the company, while JPMorgan Chase highlighted its expertise in e-commerce to help fuel the company's growth.
Charles & Colvard (Nasdaq: CTHR) has been added to the Russell Microcap Index as of June 28, 2021. This inclusion, part of the annual reconstitution by FTSE Russell, highlights the company's disciplined growth strategy over the past three quarters. Being part of the index will enhance its visibility and potentially attract more investment, as Russell indexes are benchmarks for about $10.6 trillion in assets. CEO Don O'Connell emphasized this milestone as a reflection of the company's positive momentum since leadership changes.
Charles & Colvard, Ltd. (Nasdaq: CTHR) reported robust financial results for the third quarter of fiscal year 2021, ending March 31, with net sales reaching $9.4 million, a 45% increase year-over-year. Net income turned positive at $1.0 million, or $0.03 per diluted share, compared to a net loss of $6.2 million in the prior year. Finished jewelry sales surged 79% to $6.2 million. The company continues to expand its brand presence and product offerings, particularly in online channels, which accounted for 59% of total sales.
Charles & Colvard, Ltd. (CTHR) will host an investor conference call on May 6, 2021 at 4:30 p.m. ET to discuss its financial results for the third quarter of fiscal year 2021, ending March 31, 2021. The financial results will be released after market close on the same day. Interested participants can join via webcast or telephone. A replay will be available until May 13, 2021. The company, a pioneer in lab-created gemstones, promotes its products' quality and environmental responsibility.
Charles & Colvard, Ltd. (NASDAQ:CTHR) will present at the Planet MicroCap Showcase: VIRTUAL on April 21, 2021, at 2:30 PM EST. CEO Don O'Connell will lead the presentation and a Q&A session for investors. Attendees can watch the live presentation through the webcast link provided. To schedule 1-on-1 investor meetings, registration for the event is required. If you miss the live session, all presentations will be available on the conference platform post-event. Charles & Colvard specializes in lab-created moissanite and diamonds, aiming to make fine jewelry accessible and environmentally responsible.
Charles & Colvard, Ltd. (Nasdaq: CTHR) has announced the launch of its new direct-to-consumer website, moissaniteoutlet.com, aimed at reaching deal-seeking consumers with discounted lab-created moissanite products. This digital expansion is part of the company's growth strategy, intended to optimize its inventory and reduce waste. The site offers various moissanite jewelry items, including rings and earrings, along with daily deals and flash sales. CEO Don O'Connell emphasized the potential for this platform to create a multi-million-dollar opportunity for the company.
Charles & Colvard, a leader in lab-created gemstones, will be represented by Don O'Connell, President & CEO, at the Q1 Virtual Investor Summit from March 23-25, 2021. O'Connell's presentation is scheduled for March 24th at 1:00 PM ET. This summit connects smallcap and microcap companies with investors, featuring over 100 companies and 300 investors. For complimentary investor registration, visit www.investorsummitgroup.com. Charles & Colvard specializes in fine jewelry and is known for its Forever One™ moissanite brand.
Charles & Colvard, Ltd. (Nasdaq: CTHR) announced that President and CEO Don O'Connell and CFO Clint J. Pete will present at the virtual 33rd Annual ROTH Conference from March 15-17, 2021. The presentation will be prerecorded, with a link available on-demand on March 15 on the Company's investor relations website. Founded in 1995 and based in Research Triangle Park, North Carolina, Charles & Colvard specializes in lab-created gemstones, particularly moissanite and lab-grown diamonds, emphasizing quality and social responsibility.