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Charles & Colvard, Ltd. (Nasdaq: CTHR) is a pioneer in the fine jewelry industry, recognized globally as the original creator of lab-grown moissanite. Since its inception in 1995, the company has been synonymous with innovation, quality, and ethical practices. Headquartered in North Carolina's Research Triangle Park, Charles & Colvard produces and markets created gems and fine jewelry using exclusively Made, not Mined™ above-ground gemstones and 100% recycled precious metals.
Charles & Colvard's flagship products include the Forever Classic™, Forever Brilliant®, and Forever One™ moissanite gems. These gems exhibit superior fire, brilliance, and sparkle compared to fine diamonds, yet are available at a fraction of the cost. The company also offers Caydia® lab-grown diamonds, catering to a variety of jewelry needs from bridal to high fashion and everyday wear.
The company's operations are divided into two segments: the Online Channels and the Traditional segments. Through its e-commerce outlets—including charlesandcolvard.com and moissaniteoutlet.com—Charles & Colvard generates the majority of its revenue. It also sells its products through third-party online marketplaces, drop-ship retail, and other exclusively e-commerce outlets. In addition to online sales, their jewelry is distributed through fine jewelry stores, shopping networks, and catalogs, both domestically and internationally.
In recent developments, Charles & Colvard has reported a strong financial condition despite industry challenges. As of the latest fiscal quarter, the company maintains a robust cash position with no debt, ensuring stability and confidence among shareholders. The company has also announced strategic initiatives, including a new digital B2B trade portal, Charles & Colvard Direct, aimed at supporting independent jewelers and retailers. This platform offers the company's premium moissanite brands directly to the trade, bypassing traditional distributor models.
Another notable achievement is the exclusive strategic alliance with the International Gemological Institute (IGI). This collaboration introduces comprehensive grading reports for Charles & Colvard's moissanite gemstones, enhancing consumer confidence by providing standardized measures of quality and authenticity.
Charles & Colvard remains committed to its mission of delivering exquisite, ethical jewelry. Recent partnerships, such as the endorsement by actress Skyler Samuels, aim to enhance brand awareness and consumer education on the benefits of choosing lab-grown gems.
For more information, please visit www.charlesandcolvard.com.
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.
Charles & Colvard, Ltd. (Nasdaq: CTHR) reported Q2 FY2021 results with net sales reaching $12.1 million, a 14% increase year-over-year. Net income soared 209% to $2.5 million, translating to $0.09 earnings per diluted share, reflecting a remarkable 200% growth in EPS. The Online Channels segment grew 25%, contributing 62% of total net sales. Operating expenses were reduced by 21%, enhancing profitability. The company also regained compliance with Nasdaq's listing requirements. Financial health is robust with $16.9 million in cash and reduced inventory.
Charles & Colvard, Ltd. (Nasdaq: CTHR) will hold an investor conference call and webcast on February 4, 2021, at 4:30 p.m. ET to discuss its financial results for the quarter ended December 31, 2020. The results will be released after market close the same day. Investors can access the call via the Investor Relations section of the company's website. A replay will be available until February 11, 2021.
Charles & Colvard (Nasdaq: CTHR) announced the participation of President and CEO Don O'Connell and CFO Clint J. Pete at the LD Micro Virtual Conference on December 15, 2020, at 12:00 p.m. ET. The live webcast can be accessed via the Investor Relations section of the Company's website. Charles & Colvard is a pioneer in lab-created gemstones, known for its Forever OneTM moissanite and CaydiaTM diamond brands. Established in 1995, the Company is committed to environmental and social responsibility, providing accessible and high-quality fine jewelry.
Charles & Colvard, Ltd. (Nasdaq: CTHR) announces it has regained compliance with Nasdaq's minimum bid price listing requirement, as the company's stock price was $1.00 or greater for the last 10 consecutive business days ending November 27, 2020. President and CEO Don O'Connell noted that this is a significant milestone for the business and reflects their ongoing efforts to enhance brand value and shareholder returns. The company specializes in lab-created gemstones, including moissanite and lab-grown diamonds, and aims to offer high-quality, environmentally responsible fine jewelry.
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