Charles & Colvard ( (CTHR) ) has released a notification of late filing.
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Charles & Colvard, Ltd. has announced a delay in filing its Form 10-Q (Quarter Report) for the fiscal quarter ending March 31, 2025. The delay is primarily due to the need for additional time to complete procedures related to its financial statements following a settlement agreement with Wolfspeed, Inc. This agreement was the result of a confidential arbitration initiated by Wolfspeed. The company does not expect to file the report within the five-day grace period but aims to do so as soon as practicable. Financially, Charles & Colvard anticipates a decrease in net sales and a net loss for the quarter, consistent with previous quarters. These estimates are preliminary and unaudited, with the company highlighting substantial doubt about its ability to continue as a going concern. The notification was signed by Clint J. Pete, the Chief Financial Officer, emphasizing ongoing compliance efforts.
Spark’s Take on CTHR Stock
According to Spark, TipRanks’ AI Analyst, CTHR is a Underperform.
Charles & Colvard’s overall score is very low due to substantial financial challenges, including declining revenues and ongoing losses. The bearish technical outlook and poor valuation further weigh on the stock. The recent Nasdaq delisting announcement adds significant risk, contributing to a very challenging investment environment for the company.
To see Spark’s full report on CTHR stock, click here.
More about Charles & Colvard
Average Trading Volume: 61,157
Technical Sentiment Signal: Sell
Current Market Cap: $1.09M
See more data about CTHR stock on TipRanks’ Stock Analysis page.