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[DonsHub]

SVL- Earnings...

http://biz.yahoo.com/e/060510/svl10-q.html

"Revenues for the quarter ended March 31, 2006 were $45.7 million, representing a $3.6 million increase from revenues of $42.1 million for the quarter ended March 31, 2005. Total revenue in the first quarter of 2006 is decreased by estimated uncollectible revenue of $7.2 million in accordance with SFAS No. 152, representing estimated future gross cancellations of notes receivable prior to any recoveries of inventory. In addition, under SFAS No. 152, sampler sales are accounted for as incidental operations, which require that any such incidental revenues be recorded as a reduction of incremental costs or expenses. Accordingly, $768,000 of sampler sales, which would have been reported as revenue prior to adoption of SFAS No. 152, were accounted for as a reduction to sales and marketing expense in the quarter ended March 31, 2006. Had these two changes mandated by SFAS No. 152 not been made, revenues would have increased by 27.4% to $53.6 million"

This could be a momo play down the road if it creeps up the IBD list. P/E of 6