Charles & Colvard Q4 Sales Tops Consensus

Charles & Colvard Ltd CTHR reported fourth-quarter FY21 sales growth of 119.5% year-on-year, to $9.73 million, beating the analyst consensus of $8.40 million.
Sales from online channels increased 86% Y/Y, and traditional channels jumped 189%.
Operating expenses increased 16% Y/Y to $3.3 million.
The operating margin was 11.04%, and operating income for the quarter was $1.1 million.
The company held $21.4 million in cash and equivalents as of June 30, 2021.
Cash provided by operating activities totaled $6.5 million.
EPS of $0.27 versus $(0.04) last year.
Price Action: CTHR shares closed higher by 7.31% at $3.23 on Thursday.