Zacks Initiates Coverage of Charles & Colvard With Underperform Recommendation

Operating expenses increased by 13% in the fiscal third quarter, primarily due to heightened sales and marketing efforts. Despite these investments, the anticipated revenue growth has not materialized, straining financial performance, as highlighted by the research report. Increased general and administrative expenses, including legal fees, have further impacted the company's profitability. Investments in e-commerce strategies, particularly enhancements to the moissaniteoutlet.com site, are expected to driv ...