For the three months ended June 30, 2006, net sales for House of Taylor Jewelry increased 207% to $2.5 million from $809,000 a year ago and increased 82% from $1.4 million in the immediately preceding first quarter.
For the 2006 second quarter, the company sustained a net loss of $290,000, or $0.01 per share, including a gain of $2.6 million on an adjustment of a warrant liability.
For the first half of 2006, net sales rose 106% to $3.8 million from $1.9 million in the comparable prior-year period. The net loss for the first six months of 2006 amounted to $2.4 million, or $0.06 per share, versus a net loss of $836,000, or $0.02 per share, in the 2005 year-to-date period.
House of Taylor Jewelry is a Los Angeles-based international jewelry company whose principal shareholders include entities owned by Dame Elizabeth Taylor and Kathy Ireland, along with members of the Abramov family.
House of Taylor Jewelry Inc
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