Charles & Colvard Second Quarter 2024 Earnings: US$0.094 loss per share (vs US$0.034 loss in 2Q 2023)

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Charles & Colvard (NASDAQ:CTHR) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$7.91m (down 24% from 2Q 2023).

  • Net loss: US$2.87m (loss widened by 175% from 2Q 2023).

  • US$0.094 loss per share (further deteriorated from US$0.034 loss in 2Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Charles & Colvard shares are up 1.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Charles & Colvard (2 are potentially serious) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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