Charles & Colvard(US:CTHR)2021-05-08 00:21Financial Performance - Net sales increased by 45% to $9.4 million compared to the year-ago quarter[5,8] - Loose jewel and finished jewelry net sales increased by 45% to $5.6 million[9] - Net income was $1.0 million, or $0.03 per diluted share[5,15,16] - Cash flow from operations was $2.3 million, with total cash at $19.7 million[5] - Gross margin was 46%[5,14] Segment Performance - Net sales from online channels segment increased by 79% to $6.2 million[10] - Net sales from the traditional segment increased by 7% to $3.2 million[10] Operating Expenses - Total operating expenses decreased by 6% to $3.3 million[14] - Sales & marketing expenses increased by 10% to $1.1 million[14] - General & administrative expenses decreased by 12% to $2.2 million[14] Balance Sheet - Total cash increased to $19.7 million as of March 31, 2021[17] - Inventory decreased to $28.9 million as of March 31, 2021[17] - Total assets increased to $57.4 million as of March 31, 2021[17] - Total liabilities increased to $10.2 million as of March 31, 2021[17]