Exhibit 99.1 CHARLES & COLVARD REPORTS THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS Conference Call with Accompanying Slide Presentation Scheduled Today at 4:30 PM ET FOR IMMEDIATE RELEASE RESEARCH TRIANGLE PARK, N.C. – May 2, 2024 – Charles & Colvard, Ltd. (Nasdaq: CTHR) (the "Company"), a globally recognized fine jewelry company that specializes in moissanite and lab grown diamonds, reported financial results for the third quarter ended March 31, 2024 ("Third Quarter Fiscal 2024"). Management Commenta ...

RESEARCH TRIANGLE PARK, N.C., April 23, 2024 /PRNewswire/ -- Charles & Colvard, Ltd. (Nasdaq: CTHR) (the "Company"), a globally recognized fine jewelry company that specializes in moissanite and lab grown diamonds, will host an investor conference call and webcast presentation to discuss its financial results for the third quarter ended March 31, 2024 ("Third Quarter Fiscal Year 2024") at 4:30 p.m. ET on Thursday, May 2, 2024. The Company will release its financial results after market close on the same day ...

RESEARCH TRIANGLE PARK, N.C., April 9, 2024 /PRNewswire/ -- Charles & Colvard, Ltd. (Nasdaq: CTHR) (the "Company"), a globally recognized fine jewelry company specializing in lab-created Made, Not Mined™ gems, is proud to announce its strategic partnership with American actress, Skyler Samuels, the Company's new brand ambassador. Charles & Colvard announces its strategic partnership with actress Skyler Samuels as its new brand ambassador. Post this “Everyone deserves a little sparkle in their life, and I ...

RESEARCH TRIANGLE PARK, N.C., April 2, 2024 /PRNewswire/ -- Charles & Colvard, Ltd. (Nasdaq: CTHR) (the "Company"), a globally recognized fine jewelry company specializing in lab-created Made, Not Mined™ gems, is proud to unveil its new digital B2B trade-portal, charlesandcolvarddirect.com. This portal will support the Company's significant shift away from its current distributor model, creating a pathway for tens of thousands of independent jewelers and retailers to purchase its loose gems directly from th ...

Charles & Colvard, Ltd. (NASDAQ:CTHR) Q2 2024 Earnings Conference Call February 13, 2024 4:30 PM ET Company Participants Don O’Connell - President & Chief Executive Officer Clint Pete - Chief Financial Officer Conference Call Participants Paul Johnson - Johnson Investments Operator Good day, and welcome to the Charles & Colvard Second Quarter Fiscal Year 2024 Earnings Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] This earnings call may contain forward-loo ...

FORM 10-Q For the transition period from ______ to ______ Securities registered pursuant to Section 12(b) of the Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ FORM 10-Q For the Quarterly Period Ended December 31, 2023 TABLE OF CONTENTS Item 1. Financial Statements | --- | --- | --- | --- | --- | --- ...

For the quarterly period ended September 30, 2023 Charles & Colvard, Ltd. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whet ...

Financial Data and Key Metrics Changes - For Q1 2024, total net sales were $5 million, a decrease of 33% compared to $7.4 million in Q1 2023, primarily due to a challenging economic environment and a decline in wholesale business [13] - Gross margin decreased to 39% from 45% in the same quarter last year, resulting in a gross profit of $1.9 million compared to $3.3 million [15] - The company reported a net loss of $2.5 million or $0.08 loss per diluted share, compared to a net loss of $890,000 or $0.03 loss per diluted share in the prior year [16] Business Line Data and Key Metrics Changes - Online Channel segment net sales totaled $3.9 million, a decrease of 19%, but represented 79% of total net sales, up from 66% a year ago [13] - Traditional segment net sales were $1 million, down 59%, now representing 21% of total net sales, down from 34% [14] - Finished jewelry net sales decreased by 22% but represented 87% of total sales, up from 75% in the previous year [14] Market Data and Key Metrics Changes - Nearly all sales in Q1 were derived from the US, with international net sales reported at $180,000 [15] - Inventory as of September 30, 2023, totaled $27.3 million, compared to $26.8 million at the end of Q4 2023 and $36.6 million a year ago [21] Company Strategy and Development Direction - The company is focusing on direct-to-consumer initiatives and enhancing its online presence through charlesandcolvard.com and Made Shopping, aiming to capture a broader audience [3][12] - There is a strategic shift towards lab-grown diamonds and moissanite, with plans to expand product offerings and leverage technology for better consumer engagement [9][11] - The management believes that the shift towards sustainable and ethically sourced products positions the company well in the evolving market [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds from a challenging economy and weakened consumer spending but expressed confidence in the company's strategic initiatives to offset pricing pressures [9][10] - The company is focused on cash preservation and brand awareness initiatives to navigate the current market dynamics [12] - Management indicated that while consumer spending may be down this holiday season, they believe their product assortment and inventory levels will provide a compelling value proposition [9] Other Important Information - Finished jewelry inventory was $18.4 million as of September 30, 2023, compared to $17.3 million as of June 30, 2023, indicating preparation for the holiday season [6] - The company remains debt-free and has access to a $5 million cash-secured credit facility [21] Q&A Session Summary Question: What is the state of the litigation regarding the supply agreement with Wolfspeed? - The arbitration date has been set for nearly a year from now, and the company is proceeding with the process [19] Question: Is there a liability on the balance sheet regarding the supply agreement? - There is nothing on the balance sheet related to the $80 million outstanding, as the matter is subject to arbitration [27][28] Question: How quickly are lab-grown diamond prices going down? - Prices are stabilizing, but there is still downward pressure from distributors buying oversupplied goods at low prices [41] Question: At what point does the board consider strategic alternatives given the ongoing losses? - The board is continuously evaluating all options and believes in the strategic direction towards direct-to-consumer initiatives [42][44] Question: What is the status of insider buying given the stock price decline? - The company is focused on building the business organically and plans to file for an extension to comply with NASDAQ requirements [88]

Charles & Colvard, Ltd. (NASDAQ:CTHR) Q4 2023 Earnings Conference Call October 12, 2023 4:30 PM ET Company Participants Don O’Connell - President and Chief Executive Officer Clint Pete - Chief Financial Officer Conference Call Participants Adam Lowensteiner - Lytham Partners Operator Good day, and welcome to the Charles & Colvard Q4 Fiscal Year 2023 Earnings Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] This earnings call may contain forward-looking state ...

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐ For the fiscal year ended June 30, 2023 Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ (Mark One) ...