Brief: Charles & Colvard raises Co’s Ability To Continue As A Going Concern

Charles & Colvard

18/02/2025 23:00

Feb 18 (Reuters) - Charles & Colvard Ltd  CTHR.O :
    * CHARLES & COLVARD LTD FILES FOR NON TIMELY 10-Q WITH U.S.
SEC
    * CHARLES & COLVARD LTD: CERTAIN FACTORS RAISE SUBSTANTIAL
DOUBT
ABOUT CO’S ABILITY TO CONTINUE AS A GOING CONCERN
    * CHARLES & COLVARD : EXPECTS NET SALES FOR QUARTER ENDED
DEC 31,
2024 TO DECREASE COMPARED TO NET SALES FOR QUARTER ENDED DEC 31,
2023
    * CHARLES & COLVARD LTD: EXPECTS TO REPORT A NET LOSS FOR
THE
QUARTER ENDED DECEMBER 31, 2024
    * CHARLES & COLVARD : IMPLEMENTED COST REDUCTION STRATEGY
THAT
INCLUDED DECREASE IN HEADCOUNT, REEVALUATION OF SUPPLIER BASE,
INVENTORY REPURPOSING
    * CHARLES & COLVARD LTD: REDUCED SPEND ACROSS THE BOARD IN
ORDER
TO STABILIZE AND RIGHT-SIZE ITS BUSINESS

Source text:  ID:n0001104659-25-014830 
Further company coverage:  CTHR.O 

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