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Home / Knowledge / News / Fashion / Shoe company Crocs Q4 revenue improves drastically to $33.6 mn

Shoe company Crocs Q4 revenue improves drastically to $33.6 mn

03
Mar '06
Manufacturer of a new breed of comfort shoes Crocs Inc reported its results of operations for the fourth quarter and fiscal year ended December 31, 2005.

For the quarter ended December 31, 2005, revenues were $33.6 million compared to revenues of $5.4 million for the three months ended December 31, 2004.

Net income for the three months ended December 31, 2005 was $4.1 million, or $0.12 per fully diluted share, compared to a net loss of $1.0 million, or $(0.04) per share, for the three months ended December 31, 2004.

Net income includes non-cash stock-based compensation expense of $1.3 million for the three months ended December 31, 2005 and $357,000 for the comparable period of 2004.

For the fiscal year ended December 31, 2005, revenues were $108.6 million, compared to revenues of $13.5 million for the year ended December 31, 2004.

Net income for 2005 was $16.7 million, or $0.51 per fully diluted share, compared to a net loss of $1.6 million, or $(0.07) per share, for 2004.

Net income includes non-cash stock-based compensation expense of $4.7 million for 2005 compared to $1.8 million for 2004.

Ron Snyder President and Chief Executive Officer of Crocs Inc commented, "They are pleased with their fourth quarter performance which represents a strong finish to a breakout year for their company.

Fiscal 2005 was highlighted by significant financial improvements across the board, including dramatic increases in revenues, margins, and net income.


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