Last three months and full year comparative financial summary: Charles & Colvard, Ltd. (NASDAQ: CTHR)

Charles & Colvard, Ltd. (NASDAQ: CTHR) stock identified change of 65.00% away from 52-week low price and recently located move of -46.77% off 52-week high price. It has market worth of $38.21M. CTHR stock has been recorded -5.11% away from 50 day moving average and -3.24% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.13% off 20-day moving average.

Charles & Colvard, Ltd. (NASDAQ: CTHR), stated financial results for the fourth quarter and fiscal year ended June 30, 2019.

For the fourth quarter of fiscal 2019, the Company stated net sales of $7.6M and net income of $162,000, or $0.01 earnings per diluted share.  For the fiscal year ended June 30, 2019, the Company stated net sales of $32.2M and net income of $2.3M, or $0.10 earnings per diluted share.

Financial Summary for Fourth Quarter Fiscal 2019

  • Finished jewelry net sales were $3.7M for the quarter, a raise of 28% contrast with $2.9M in the year-before quarter.
  • Loose jewel net sales were $3.9M for the quarter, a raise of 11% contrast with $3.5M in the year-before quarter.
  • In the Online Channels section, third-party online marketplaces, drop-ship and other pure-play, exclusively e-commerce outlets, net sales increased 9% to $3.6M, or 48% of total net sales for the quarter, contrast with $3.3M, or 52% of total net sales in the year-before quarter.
  • In the Traditional section, which consists of wholesale, retail, and historically, television consumers, net sales increased 30% to $4.0M, or 52% of total net sales for the quarter, contrast with $3.1M, or 48% of total net sales in the year-before quarter.
  • Operating expenses were $3.2M for the quarter, contrast to $3.2M in the year-before quarter.
  • Net income for the quarter was $162,000, or $0.01 earnings per diluted share, contrast with a net loss of $698,000, or $0.03 net loss per diluted share, in the year-before quarter.

Financial Summary for Fiscal Year 2019

  • Finished jewelry net sales were $15.5M for the fiscal year, a raise of 19% contrast with $13.0M in the year-before twelve-month comparable period.
  • Loose jewel net sales were $16.8M for the fiscal year, a raise of 13% contrast with $14.9M in the year-before twelve-month comparable period.
  • In the Online Channels section, net sales increased 25% to $16.3M, or 51% of total net sales for the fiscal year, contrast with $13.1M, or 47% of total net sales in the year-before twelve-month comparable period.
  • In the Traditional section, net sales increased 7% to $15.9M, or 49% of total net sales for the fiscal year, contrast with $14.9M, or 53% of total net sales in the year-before twelve-month comparable period.
  • Operating expenses were $12.6M for the fiscal year, contrast to $12.5M in the year-before twelve-month comparable period.
  • Net income for the fiscal year was $2.3M, or $0.10 earnings per diluted share, contrast with a net loss of $0.8M, or $0.04 net loss per diluted share, in the year-before twelve-month comparable period.

Financial Position

Cash, cash equivalents and restricted cash totaled $13.0M at June 30, 2019, representing a raise of $9.6M from $3.4M at June 30, 2018 of cash and cash equivalents. The Company had no debt outstanding as of June 30, 2019. Total inventory was $33.7M at June 30, 2019, contrasts with $31.8M at June 30, 2018.

The Services sector company, Charles & Colvard, Ltd. noticed change of 0.76% to $1.32 along volume of 98429 shares in recent session compared to an average volume of 95.63K. The stock observed return of -0.75% in 5 days trading activity. The stock was at -6.38% over one month performance. CTHR’s shares are at -8.33% for the quarter and driving a 32.00% return over the course of the past year and is now at 55.29% since this point in 2018. The average volatility for the week at 3.58% and for month was at 3.58%. There are 28.95M shares outstanding and 25.57M shares are floated in market. Right now the stock beta is -0.77.

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