Brief: Charles & Colvard Ltd Files Non-Timely 10-K With U.S SEC

Charles & Colvard

28/09/2023 23:24

Sept 28 (Reuters) - Charles & Colvard Ltd  CTHR.O :
    * CHARLES & COLVARD LTD FILES NON-TIMELY 10-K WITH U.S SEC -
SEC
FILING
    * CHARLES & COLVARD LTD - DELAY TO FILE 10-K WAS CAUSED IN
PART BY
A CYBERSECURITY INCIDENT THAT TEMPORARILY DISRUPTED THE
COMPANY’S IT NETWORK
    * CHARLES & COLVARD LTD - EXPECTS TO REPORT NET SALES
DECREASED BY
31% TO $29.9 MILLION FOR FISCAL YEAR ENDED JUNE 30, 2023
    * CHARLES & COLVARD LTD - WILL REPORT A NET LOSS FOR FISCAL
YEAR
ENDED JUNE 30, 2023
    * CHARLES & COLVARD LTD - NET LOSS IS PRIMARILY DUE TO DROP
IN NET
SALES, IMPACT OF INVENTORY WRITE-DOWN DURING THREE MONTH PERIOD
ENDED JUNE 30, 2023


Further company coverage:  CTHR.O 

 ((Reuters.Briefs@thomsonreuters.com;))