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Charles & Colvard, Ltd.
Previous close
$0.30
Day range
$0.30 - $0.34
Year range
$0.28 - $1.21
Market cap
10.31M USD
Avg Volume
96.40K
P/E ratio
-
Dividend yield
-
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Revenue | 7.91M | -23.74% |
Operating expense | 5.79M | 4.81% |
Net income | -2.87M | -175.10% |
Net profit margin | -36.25 | -260.70% |
Earnings per share | — | — |
EBITDA | -2.76M | -159.76% |
Effective tax rate | — | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Cash and short-term investments | 5.77M | -51.74% |
Total assets | 44.47M | -33.56% |
Total liabilities | 9.98M | 4.14% |
Total equity | 34.49M | — |
Shares outstanding | 30.34M | — |
Price to book | 0.26 | — |
Return on assets | -16.13% | — |
Return on capital | -19.07% | — |
Cash Flow
Net change in cash
| (USD) | Dec 2023info | Y/Y change |
|---|---|---|
Net income | -2.87M | -175.10% |
Cash from operations | -1.28M | -307.41% |
Cash from investing | -305.44K | -41.85% |
Cash from financing | 0.00 | — |
Net change in cash | -1.58M | -494.71% |
Free cash flow | -3.93M | -126.33% |
About
Charles & Colvard, Ltd., is a Research Triangle Park, North Carolina-based publicly traded company that distributes and manufactures jewelry. It was founded in 1995 by Charles Eric Hunter under the name C3 Inc., and then run by his brother Jeff Hunter until 2000. The company changed its name to Charles & Colvard in 1999. The company employs 63 people full-time, and generated $32.4 million in revenue during the year ending June 30, 2019, up from $27.91 million in the previous year.
Charles & Covard was the first company to produce and sell synthetic moissanite, under U.S. patent US5723391 A, first filed by C3 Inc., North Carolina. The gemstones are made from silicon carbide crystals, supplied under an exclusive agreement from fellow North Carolina company Cree Inc. since 2014.
In June 2019 the company netted $10 million from a secondary public offering.
In March 2020, the company was notified that they were at risk of being delisted on NASDAQ, as their share price had been consistently below $1.
Don O'Connell was announced CEO in May 2020, taking over after Suzanne T. Miglucci's resignation. Wikipedia
Founded
1995
Headquarters
Website
Employees
48
