---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-056387"
form_type: "8-K"
ticker: null
cik: "0001015155"
company_name: "CHARLES & COLVARD LTD"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:42:46.255160+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-056387
- form_type: 8-K
- cik: 0001015155
- company_name: CHARLES & COLVARD LTD
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015155/000110465924056387/0001104659-24-056387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015155/000110465924056387/tm2413276d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-056387
- JSON: https://secwatch.observer/filing/0001104659-24-056387.json
- Plain text: https://secwatch.observer/filing/0001104659-24-056387.txt

## Key facts
- Earnings Releases
  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
  source text: Net sales of $5.3 million for the quarter, a decrease of 21% from $6.6 million in the year-ago quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465924056387/0001104659-24-056387-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015155/000110465924056387/0001104659-24-056387-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.