Brief: Charles & Colvard Q3 Loss Per Share $0.21

Charles & Colvard

21/05/2020 21:32

May 21 (Reuters) - Charles & Colvard Ltd  CTHR.O :
    * CHARLES & COLVARD REPORTS THIRD QUARTER FISCAL 2020
FINANCIAL
RESULTS
    * Q3 LOSS PER SHARE $0.21
    * Q3 SALES FELL 18 PERCENT TO $6.5 MILLION
    * CHARLES & COLVARD - SUSPENDED ALL HIRING AND INITIATED A
TEMPORARY FURLOUGH OF ABOUT 50% OF EMPLOYEES, STARTING APRIL 13
    * IMPLEMENTED TEMPORARY SALARY AND WAGE REDUCTIONS FOR ALL
EMPLOYEES, INCLUDING 25% FOR CEO, 15% FOR CFO AND COO
    * REDUCING NON-PAYROLL EXPENSES, INCLUDING TEMPORARY
REDUCTIONS IN
DIGITAL ADVERTISING AND MARKETING SPENDING
    * 59% OF SALES IN Q3 FISCAL 2020 FROM ONLINE CHANNELS

Source text for Eikon:  ID:nGNX4X18Dk 
Further company coverage:  CTHR.O 

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