Charles & Colvard’s net sales for the three months ended Dec. 31 increased 105 percent to approximately $7.2 million.
“The turnaround story continues at Charles & Colvard, and we’re thrilled with our outstanding results in the fourth quarter,” said CEO Randy N. McCullough in a statement. “Revenues benefited from our investments in new sales and marketing initiatives throughout our distribution channels.”
Highlights of Charles & Colvard’s financial statement (three months ended Dec. 31):
- Total net sales: Up 105%
- Loose moissanite gemstone sales: Up 149%
- Finished jewelry sales: Up 50%
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