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Charles & Colvard Ltd (CTHR)
NASDAQ:CTHR
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 9.09%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with significant challenges, such as revenue decline and margin erosion, contrasted by improvements in direct-to-consumer sales and inventory management. While there are promising developments in specific segments, the overall financial performance remains under pressure.Company Guidance
In the Charles & Colvard third quarter fiscal year 2024 earnings call, the company reported a revenue of $5.3 million, reflecting a 21% decrease compared to Q3 FY 2023. However, this represents a sequential improvement with a 12 basis point and 3 basis point reduction over Q1 and Q2 FY 2024, respectively. The company continued to face margin erosion due to rising gold prices and promotional pricing pressures. Despite these challenges, Charles & Colvard saw a 5% increase in revenues for its Forever One moissanite gemstone product brand and a 16% rise in Cadia Lab-grown diamond sales. Finished jewelry net sales comprised 93% of the total sales for the quarter. The company maintained a strong liquidity position with $9.2 million in cash and a working capital of $12.7 million. Operating expenses rose by 13%, reflecting investments in marketing and brand awareness initiatives. The company reported a net loss of $3.6 million, or $0.12 per diluted share, but emphasized ongoing initiatives to drive revenue and achieve sustainable growth.Growth in Direct-to-Consumer Sales
Net sales for the online channel segment, primarily direct-to-consumer, increased to $4.1 million, representing 77% of total net sales, up 7% from the previous year.
Increase in Lab-grown Gemstone Sales
Revenues for Cadia Lab-grown diamonds increased by 16% compared to Q3 FY 2023, and Forever One moissanite gemstone revenues increased by 5%.
Inventory Management and Reduction
Inventory decreased by 24% for the quarter, with a year-over-year decrease of $8 million due to strategic inventory write-downs.
Strong Liquidity and Capital Position
The company ended the quarter with $9.2 million in total cash and a working capital of $12.7 million.
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CTHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.32 | $1.33 | +0.76% |
| Sep 05, 2024 | $1.66 | $1.69 | +1.81% |
| May 02, 2024 | $3.48 | $3.05 | -12.36% |
| Feb 13, 2024 | $4.00 | $3.77 | -5.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Charles & Colvard Ltd (CTHR) report earnings?
Charles & Colvard Ltd (CTHR) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Charles & Colvard Ltd (CTHR) earnings time?
Charles & Colvard Ltd (CTHR) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTHR EPS forecast?
Currently, no data Available
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