Earnings Call Summary | Charles & Colvard(CTHR.US) Q3 2024 Earnings Conference
Earnings Call Summary | Charles & Colvard(CTHR.US) Q3 2024 Earnings Conference
The following is a summary of the Charles & Colvard, Ltd. (CTHR) Q3 2024 Earnings Call Transcript:
以下是查尔斯和科尔瓦德有限公司（CTHR）2024年第三季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Charles & Colvard's Q3 2024 revenue was $5.3 million, a decrease of 21% compared to Q3 FY 2023.
Gross margin was 23%, down from 32% in the previous year.
Net sales from online channels were $4.1 million, forming 77% of total net sales.
Operating expenses increased by 13%, mainly due to investments in marketing and brand promotion.
A net loss of $3.6 million was reported for the quarter.
查尔斯和科尔瓦德2024年第三季度的收入为530万美元，与2023财年第三季度相比下降了21％。
毛利率为23％，低于去年的32％。
在线渠道的净销售额为410万美元，占总净销售额的77％。
运营支出增长了13％，这主要是由于对营销和品牌推广的投资。
本季度净亏损360万美元。
Business Progress:
业务进展：
Growth observed in lab-grown gem sales, with increase in revenues from its Forever One and KDL lab-grown diamond sales.
Rebranded moissanite line and expanded online partnerships.
Achieved significant reduction in inventory.
Investments made in next-gen web platform, HR, and marketing initiatives.
Strong Valentine's Day sales, constituting 52% of the quarter's revenue.
Future initiatives will focus on reducing expenses, driving revenue, and value delivery.
实验室培育的宝石销售出现增长，Forever One和KDL实验室培育的钻石销售收入有所增加。
重命名莫桑石系列并扩大在线合作伙伴关系。
实现了库存的显著减少。
对下一代网络平台、人力资源和营销计划的投资。
情人节销售强劲，占该季度收入的52％。
未来的举措将侧重于减少开支、增加收入和价值交付。
More details: Charles & Colvard IR
更多详情： 查尔斯和科尔瓦德 IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。