Financial Reports are Key to Consider: Charles & Colvard, Ltd. (NASDAQ:CTHR)

On Friday, Charles & Colvard, Ltd. (NASDAQ:CTHR) shares price traded between $1.3100 and $1.3500 during the last trading session upbeat/downbeat with -0.75% at $1.3200. The shares recorded trading volume 45,720 shares as compared to its average volume of 137,068 shares.

Charles & Colvard, Ltd. (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
(Quarter Ended June 30, 2019 Contrast to Quarter Ended June 30, 2018)

  • Net sales were $7.6M for the quarter, a raise of 19% contrast with $6.4M in the year-before quarter.
  • Finished jewelry net sales were $3.7M for the quarter, a raise of 28% contrast with $2.9M 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
(Fiscal Year Ended June 30, 2019 Contrast to Twelve Months Ended June 30, 2018)

  • Net sales were $32.2M for the fiscal year, a raise of 16% contrast with $27.9M in the year-before twelve-month comparable period.
  • 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.

CTHR EPS growth ratio for the past five years was 16.60% while Sales growth for the past five years was 4.70%. Return on equity (ROE) was noted as 6.00% while return on investment (ROI) was 5.00%. The stock institutional ownership stands at 32.80%.

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