Charles & Colvard Ltd - CTHR STOCK NEWS

Charles & Colvard, Ltd. (Nasdaq: CTHR) has partnered with Lytham Partners, a leading investor relations firm, to enhance its shareholder communication strategy. The collaboration aims to refine the company’s messaging, broaden its investor base, and implement best practices in investor communications as it enters a new growth phase. Lytham Partners has over 20 years of experience and a substantial network within the investment community, which will benefit Charles & Colvard by providing better exposure to institutional investors. The company is known for its ethical jewelry, primarily focusing on lab-grown gemstones and recycled precious metals.

Charles & Colvard (CTHR) reported net sales of $7.4 million for Q1 Fiscal 2023, down 28% year-over-year. Highlights include a 85% surge in lab-grown diamond sales, but a 12% decline in moissanite sales. The company opened its first retail showroom in October and launched new collections, emphasizing strategic investments to appeal to conscious consumers. Operating expenses rose 5% to $4.5 million, while cash and equivalents stood at $16.6 million. The net loss was $890,000, equating to $0.03 per diluted share.

Charles & Colvard, Ltd. (Nasdaq: CTHR) will host an investor conference call on November 3, 2022, at 4:30 p.m. ET to discuss its financial results for Q1 Fiscal Year 2023, ending September 30, 2022. The results will be released after market close on the same day. Investors can join the call via telephone or webcast, with a replay available until November 10, 2022. Charles & Colvard is known for its lab-created gemstones, including its Forever One™ moissanite brand and Caydia® lab-grown diamonds.

Charles & Colvard, Ltd. (Nasdaq: CTHR) is set to unveil its first brick-and-mortar showroom on October 24, 2022, at its Morrisville, NC campus. The 2,000 square foot showroom aims to enhance customer engagement and education about lab-grown gemstones. It will showcase a full range of offerings, including new collections like the Caydia® lab-grown diamond men's bands. Company leaders emphasize the showroom's role in helping consumers understand the benefits of responsibly sourced jewelry. The showroom will also host private events to connect with local businesses.

Charles & Colvard (Nasdaq: CTHR) has announced the launch of a new collection featuring lab-grown ruby, sapphire, and emerald gemstones. This initiative adds vibrant color to their Made, Not Mined™ jewelry line, aimed at fashion-forward consumers. The gemstones are crafted to AAA quality standards, enhancing clarity and polish, which are often unattainable in mined stones. The company emphasizes its commitment to redefining the fine jewelry industry with sustainable choices and trendy designs. Their latest offerings align with a growing fashion trend identified by Vogue as

Charles & Colvard (Nasdaq: CTHR) has launched its first line of men's diamond fashion bands featuring Caydia^® lab-grown diamonds and 14K recycled gold. This new collection, part of the Signature Collection, aims to expand their market presence in lab-grown diamond jewelry. CEO Don O'Connell emphasized the brand's commitment to combining traditional design with modern aesthetics. The company aims to be a leading destination for lab-grown diamond jewelry, reinforcing their ethical stance of using exclusively Made, Not Mined™ gemstones.

Charles & Colvard reported $9.3 million in net sales for Q4 FY 2022, a 4% decline year-over-year. However, the company achieved a record $43.1 million in net sales for FY 2022, a 10% increase from the previous year. Lab-grown diamond sales soared by 173%, while moissanite sales grew by 13%. The firm recorded a gross margin of 47% and $2.4 million in net income, translating to $0.08 earnings per diluted share. Cash reserves stood strong at $21.2 million. The company maintained profitability over eight consecutive quarters.

Charles & Colvard, Ltd. (Nasdaq: CTHR) will host an investor conference call on September 1, 2022, at 4:30 p.m. ET to discuss its financial results for the fourth quarter and fiscal year ending June 30, 2022. The financial results will be released after market close on the same day. Interested participants can join via telephone or access the live webcast through the Investor Relations section of the company's website. A replay will be available until September 8, 2022.

Charles & Colvard, Ltd. (Nasdaq: CTHR) unveils its new Couture Collection, featuring 50 pieces of luxury jewelry made with Caydia® lab-grown diamonds and recycled metals. Highlights include stunning 10-carat earrings and 12-carat tennis bracelets aimed at luxury consumers. CEO Don O'Connell emphasizes a commitment to responsible luxury, aiming to redefine high couture jewelry. The collection showcases diverse gemstone cuts and signifies the company's leadership in lab-grown gems. Consumers can explore the Couture Collection on their website.