Charles & Colvard Ltd. (CTHR) stock declined 2.48% in after-hours on Thursday, September 02, 2021, and closed the daily trading at $3.15. However, in the regular trading session of Thursday, CTHR’s stock gained 7.31%. CTHR shares have risen 364.68% over the last 12 months, and they have moved up 14.54% in the past week. Over the past three months, the stock has gained 17.88%, while over the past six months, it has soared 42.92%.
Let’s see what are the latest news about the company?
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
>> 7 Top Picks for the Post-Pandemic Economy <<
CTHR Stock latest financial results announcement
On September 2, 2021, Charles & Colvard, Ltd (CTHR) reported financial results for the fourth quarter and full fiscal year ended June 30, 2021.
Read More
- Looking For The Best Stocks To Buy For 2021? 3 Electric Vehicle Stocks To Watch
- Top 3 Cosmetics Stocks in the market
Q4 2021 financial highlights
- CTHR reported net sales of $9.7 million in Q4 2021compared to $4.4 million in Q4 2020.
- In Q4 2021, operating expenses were $3.3 million for the quarter, compared to $2.8 million in the year-ago quarter.
- It reported a net income of $8.4 million, or $0.27earnings per diluted share for Q4 2021 compared to a net loss of $1.0 million, or $0.04 loss per diluted share in Q4 2020.
FY 2021 financial highlights
- CTHR reported net sales of $39.2 million for FY 2021 compared to net sales of $29.2 million for FY 2020.
- For FY 21, operating expenses were 9 million compared to$14.3 million in FY 2020.
- It reported a net income of $12.8 million, or $0.42earnings per diluted share in FY 2021 compared to a net loss of $6.2 million, or $0.22 loss per diluted share in FY 2020.
- As of June 30, 2021, the company had cash, cash equivalents and restricted cash totalled $21.4 million compared to $14.6 million as of June 30, 2020.
CTHR partnership with JPMorgan Chase
On July 13, 2021, Charles & Colvard Ltd (CTHR) announced its new strategic commercial banking relationship with JPMorgan Chase Bank, N.A., which includes entering into a $5 million credit facility, executed on July 12, 2021.
The company terminated its prior credit facility with White Oak Commercial Finance, effective July 9, 2021. This broad-ranging banking relationship provides a foundation for the Company to solidify its financial objectives and a basis to expand its financial capabilities going forward.
CTHR Stock induction on Russell Microcap® Index
Charles & Colvard, Ltd (CTHR) was added to the Russell Microcap® Index, effective after the US market opened on June 28, 2021, as a part of the Russell indexes annual reconstitution.
>> 7 Top Picks for the Post-Pandemic Economy <<
Conclusion
The recent financial results met the analyst’s estimates but CTHR shares still went down which is a bit strange. We can expect it to return towards positivity in the coming trading session on Friday.
