Charles & Colvard Q3 net sales down 21% to $5.3M; net loss $3.6M

CHARLES & COLVARD LTD

2024-Q3 EPS reported -$0.30 revenue$18,120,629

Net sales $5.3M, down 21% YoY; gross margin 23% vs 32% in prior-year quarter.
Net loss $3.6M ($0.12/diluted share) vs loss $8.4M ($0.28) in same quarter last year.
Cash and equivalents $9.2M at March 31, down from $15.6M at June 30, 2023.
Online Channels segment net sales $4.1M (77% of total); Traditional segment $1.2M (23%).
Named actress Skyler Samuels as brand ambassador; launched Forever Bright gemstone brand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHARLES & COLVARD LTD reported third quarter ended March 31, 2024 results: net income Net loss was $3.6 million, EPS $0.12 loss per diluted share.

Period: third quarter ended March 31, 2024
Net income: Net loss was $3.6 million
EPS: $0.12 loss per diluted share
Result: reported results

Exact text from the filing

Net sales of $5.3 million for the quarter, a decrease of 21% from $6.6 million in the year-ago quarter.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHARLES & COLVARD LTD reported third quarter ended March 31, 2024 results: net income Net loss was $3.6 million, EPS $0.12 loss per diluted share.

Period: third quarter ended March 31, 2024
Net income: Net loss was $3.6 million
EPS: $0.12 loss per diluted share
Result: reported results

Exact text from the filing

Net loss was $3.6 million, or $0.12 loss per diluted share for the quarter, compared to net loss of $8.4 million, or $0.28 loss per diluted share, in the year-ago quarter.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-24-056387

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