Charles & Colvard Ltd - CTHR STOCK NEWS

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.

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.