tiprankstipranks
Trending News
More News >
Charles & Colvard Ltd (CTHR)
OTHER OTC:CTHR
US Market

Charles & Colvard (CTHR) Earnings Dates, Call Summary & Reports

Compare
212 Followers

Earnings Data

Report Date
May 01, 2025
After Close (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
Last Year’s EPS
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q3 2024
Earnings Call Date:May 02, 2024|
% Change Since:
|
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.

Charles & Colvard (CTHR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

CTHR Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 01, 2025
2025 (Q3)
- / -
Jan 30, 2025
2025 (Q2)
- / -
Nov 07, 2024
2025 (Q1)
- / -
-0.08
Sep 05, 2024
2024 (Q4)
- / -
May 02, 2024
2024 (Q3)
- / -1.20
-2.857.14% (+1.60)
Feb 13, 2024
2024 (Q2)
- / -0.90
-0.3-200.00% (-0.60)
Nov 09, 2023
2024 (Q1)
- / -
-0.3
Oct 12, 2023
2023 (Q4)
- / -0.80
-0.3-166.67% (-0.50)
May 04, 2023
2023 (Q3)
-0.30 / -2.80
0.1-2900.00% (-2.90)
Feb 02, 2023
2023 (Q2)
-0.10 / -0.30
0.4-175.00% (-0.70)
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

CTHR Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 01, 2025
$0.10$0.25+150.00%
Jan 30, 2025
$1.54$1.52-1.30%
Nov 07, 2024
$1.32$1.33+0.76%
Sep 05, 2024
$1.66$1.69+1.81%
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.

FAQ

When does Charles & Colvard Ltd (CTHR) report earnings?
Charles & Colvard Ltd (CTHR) is schdueled to report earning on May 01, 2025, After Close (Confirmed).
    What is Charles & Colvard Ltd (CTHR) earnings time?
    Charles & Colvard Ltd (CTHR) earnings time is at May 01, 2025, After Close (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