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Charles & Colvard Ltd. (NASDAQ:CTHR)

WEB NEWS

Monday, September 20, 2021

Research

Closed Long Position In CTHR
In May 2021 we initiated a long position in Charles & Colvard Ltd. (NASDAQ:CTHR) ($2.88; $86.1M market cap), a jewelry manufacturer, based on strong Q2 2021 results. We decided to move on to other opportunities as current top and bottom line estimates call for little to no growth for 2022 and muted growth into 2023. We will continue to watch for possible acquisitions and/or new partnerships that can accelerate growth.

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Friday, September 3, 2021

Research

Charles & Colvard Ltd. (NASDAQ:CTHR) ($3.23; $96.4M market cap), a jewelry manufacturer announced Q4 2021 results: (announced preliminary results on August 26, 2021)

Sales of $9.7 million vs $4.4 million in the prior year and ahead of analyst estimates of $8.4 million
Non-GAAP EPS of $0.03 vs a loss of $0.04 in the prior year and slightly ahead of analyst estimates of $0.02

"We were able to increase both our Online Channels and Traditional segments by 86% and 189% respectively compared to the year-ago quarter, which included expanding our finished jewelry net sales 86% and our loose jewels net sales by 190% compared to the year-ago quarter. We continued to strive to elevate shareholder value as evidenced by the more than 300% increase in our stock price year-over-year. Looking ahead, we intend to continue to execute on our strategic initiatives: expanding our brand presence, enhancing customer engagement, and focusing on design and product development, all the while utilizing innovative, technology to drive disciplined, top-line growth,"

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