$CTHR
CHARLES & COLVARD LTD

2022 Q3 Form 10-K Financial Statement

#000114036122032047 Filed on September 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $7.374M $9.304M $43.09M
YoY Change -28.27% -4.35% 9.82%
Cost Of Revenue $4.086M $5.536M $22.85M
YoY Change -18.55% 3.85% 9.78%
Gross Profit $3.288M $3.768M $20.24M
YoY Change -37.53% -14.29% 9.86%
Gross Profit Margin 44.59% 40.5% 46.98%
Selling, General & Admin $4.521M $3.748M $17.37M
YoY Change 4.8% 13.56% 34.46%
% of Gross Profit 137.51% 99.46% 85.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $137.7K $129.1K $479.3K
YoY Change 10.87% -12.24% -15.48%
% of Gross Profit 4.19% 3.43% 2.37%
Operating Expenses $4.521M $3.748M $17.37M
YoY Change 4.8% 13.56% 34.46%
Operating Profit -$1.233M $20.40K $2.873M
YoY Change -229.92% -98.14% -47.84%
Interest Expense $40.20K $17.31K $0.00
YoY Change -1566.95% -100.0%
% of Operating Profit 84.85% 0.0%
Other Income/Expense, Net $40.20K $19.24K
YoY Change 12423.68% -98.02%
Pretax Income -$1.193M $74.72K $2.892M
YoY Change -225.64% -96.35% -55.35%
Income Tax -$303.0K $33.95K $519.0K
% Of Pretax Income 45.44% 17.94%
Net Earnings -$890.2K $40.77K $2.374M
YoY Change -207.64% -99.51% -81.47%
Net Earnings / Revenue -12.07% 0.44% 5.51%
Basic Earnings Per Share -$0.03 $0.08
Diluted Earnings Per Share -$0.03 $1.296K $0.08
COMMON SHARES
Basic Shares Outstanding 30.52M 30.36M
Diluted Shares Outstanding 30.43M 31.32M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.57M $15.67M $15.67M
YoY Change -18.05% -26.45% -26.45%
Cash & Equivalents $11.57M $15.67M $15.67M
Short-Term Investments
Other Short-Term Assets $6.430M $6.701M $6.701M
YoY Change -0.74% 511.01% 511.01%
Inventory $12.09M $11.02M $11.02M
Prepaid Expenses
Receivables $1.558M $2.221M $2.471M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $31.65M $35.86M $35.86M
YoY Change -10.99% 0.29% 0.29%
LONG-TERM ASSETS
Property, Plant & Equipment $2.196M $1.901M $4.689M
YoY Change -55.46% 117.05% -2.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $50.21K $49.66K $28.39M
YoY Change -99.81% 0.0% 17.69%
Total Long-Term Assets $36.03M $33.34M $33.34M
YoY Change 16.27% 14.35% 14.35%
TOTAL ASSETS
Total Short-Term Assets $31.65M $35.86M $35.86M
Total Long-Term Assets $36.03M $33.34M $33.34M
Total Assets $67.68M $69.21M $69.21M
YoY Change 1.7% 6.6% 6.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.718M $4.401M $4.401M
YoY Change 25.72% 58.64% 58.64%
Accrued Expenses $1.136M $1.546M $1.904M
YoY Change -33.23% -32.23% -7.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.716M $6.804M $6.804M
YoY Change 10.71% 21.02% 21.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.653M $2.847M $2.847M
YoY Change -22.62% -21.16% -21.16%
Total Long-Term Liabilities $2.653M $2.847M $2.847M
YoY Change -22.62% -21.16% -21.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.716M $6.804M $6.804M
Total Long-Term Liabilities $2.653M $2.847M $2.847M
Total Liabilities $9.369M $9.651M $9.651M
YoY Change -1.33% 4.53% 4.53%
SHAREHOLDERS EQUITY
Retained Earnings -$24.49M -$23.60M
YoY Change -9.14%
Common Stock $83.29M $83.20M
YoY Change 1.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $58.31M $59.56M $59.56M
YoY Change
Total Liabilities & Shareholders Equity $67.68M $69.21M $69.21M
YoY Change 1.7% 6.6% 6.6%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$890.2K $40.77K $2.374M
YoY Change -207.64% -99.51% -81.47%
Depreciation, Depletion And Amortization $137.7K $129.1K $479.3K
YoY Change 10.87% -12.24% -15.48%
Cash From Operating Activities -$3.671M -$530.4K $572.6K
YoY Change 71.58% -129.42% -91.15%
INVESTING ACTIVITIES
Capital Expenditures $430.4K -$271.5K $1.496M
YoY Change 8.11% 139.27% 242.39%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$432.6K -$271.5K -$1.561M
YoY Change 8.66% 139.27% 112.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $38.16K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -451.8K 69.58K 720.5K
YoY Change -275.55% -13.12% -33.9%
NET CHANGE
Cash From Operating Activities -3.671M -530.4K 572.6K
Cash From Investing Activities -432.6K -271.5K -1.561M
Cash From Financing Activities -451.8K 69.58K 720.5K
Net Change In Cash -4.556M -732.4K -267.6K
YoY Change 99.78% -141.38% -103.92%
FREE CASH FLOW
Cash From Operating Activities -$3.671M -$530.4K $572.6K
Capital Expenditures $430.4K -$271.5K $1.496M
Free Cash Flow -$4.102M -$258.9K -$923.9K
YoY Change 61.62% -113.51% -115.31%

Facts In Submission

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Common Stock, no par value per share
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CTHR
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BDO USA, LLP
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Charles & Colvard, Ltd.
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