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Charles & Colvard (NASDAQ:CTHR) First Quarter 2023 Results
Key Financial Results
- Revenue: US$7.37m (down 28% from 1Q 2022).
- Net loss: US$890.2k (down by 208% from US$827.0k profit in 1Q 2022).
- US$0.029 loss per share (down from US$0.028 profit in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Charles & Colvard Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 8.7% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company’s shares are down 8.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example – Charles & Colvard has 4 warning signs (and 1 which is a bit concerning) we think you should know about.
Valuation is complex, but we’re helping make it simple.
Find out whether Charles & Colvard is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free Analysis
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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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