Charles & Colvard announced that net sales for the three months ended Sept. 30 increased 76 percent.
“Continued top-line revenue growth in the first three quarters of 2012 in excess of 60 percent over the prior-year period validates we are on the right track,” Randy N. McCullough, CEO of Charles & Colvard, said in a statement. “I am extremely excited with our results as we continue to position our company to become a powerful collection of brands through multiple sales channels.”
Highlights of Charles & Colvard’s financial statement:
- Net sales: Up 76%
- Loose moissanite gemstone sales: Up 71%
- Finished jewelry sales: Up 90%