Jim Cramer, the energetic and often crazed host of CNBCs Mad Money, shrugged off the opinions of analysts that talked down the nascent public companys stock last week, urging his audience to stay in it. “And I need you to back up the truck,” he said.
Crocs, Inc. reported that fourth quarter revenues were $33.6 million in 2005, compared to revenues of $5.4 million for the year-ago quarter. Net income for the period was $4.1 million, or 12 cents per fully diluted share, compared to a net loss of $1.0 million, or a loss of four cents per share, for Q4 2004. Net income includes non-cash stock-based compensation expense of $1.3 million for the most recent quarter and $357,000 for the year-ago period.
>>> Whether that truck will be used to take out the riches of the investors or just the insiders that cashed out in the deal still remains to be seen, but the company will be able to wow investors for another couple of quarters before they start to anniversary their meteoric growth of last summer
| Crocs Inc. | |||
| Full Year Results | |||
| ($ millions) | 2005 | 2004 | Change |
| Total Sales | $108.6 | $13.5 | +703% |
| GM % | 56.0% | 47.0% | +900 bps |
| SG&A % | 31.2% | 58.6% | -2740 bps |
| Net Income | $17.0 | ($1.5) | vs. loss |
| Diluted EPS | 51¢ | (7¢) | vs. loss |
| Inventory* | $28.5 | $2.4 | +1080% |
| Accts Rec* | $18.0 | $3.3 | +454% |
| * at year-end | |||
