K-Swiss Narrows Q4 Loss

K-Swiss Inc. said Wednesday it lost $14.5 million, or 41 cents a share, in the fourth quarter ended Dec. 31.

The results were a 42 percent improvement on the same period a year ago for the Westlake Village, Calif.-based firm, which announced last month it would be acquired by South Korean retail giant E-Land World for $170 million, or $4.75 a share.

Total revenue decreased 17.8 percent to $41.2 million in the quarter. Domestic revenues fell 31.4 percent to $14 million, while international revenues slipped 8.5 percent to $27.2 million.

Worldwide futures orders increased 4.6 percent.

For the full year, the net loss at the firm totaled $34.8 million, or 98 cents a share, compared with a loss of $70.5 million, or $1.98, in 2011. Full-year revenue fell 17 percent to $222.9 million.

K-Swiss ended the period with cash and cash equivalents of $42.7 million, and no long-term debt.

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