K-Swiss Inc. reported a net loss for the third quarter of 2012 was $1.93 million, or 5 cents per diluted share, compared with a net loss of $15.4 million, or 43 cents per diluted share, for the prior-year period. Net loss for the nine months ended Sept. 30, 2012, was $20.3 million, or 57 cents per diluted share, compared with a net loss of $45.3 million, or $1.28 per diluted share, for the nine months ended Sept. 30, 2011.
For the third quarter of 2012, total worldwide revenues decreased 16.0 percent to $67.6 million compared with $80.5 million in the prior-year period. Domestic revenues decreased 31.8 percentto $22.3 million in the third quarter, and international revenues decreased 5.3 percentto $45.3 million for the same period. Total worldwide revenues for the first nine months of 2012 decreased 16.8 percent to $181.6 million from $218.2 million for the first nine months of 2011. Domestic revenues decreased 35.8 percent to $61.9 million in the first nine months of 2012, and international revenues decreased 1.7 percentto $119.8 million.
Worldwide futures orders with start ship dates from October 2012 through March 2013 decreased 8.6 percent to $70.0 million at Sept. 30, 2012, from $76.6 million the previous year. Domestic futures orders decreased 18.6 percent to $21.6 million at Sept. 30, 2012, from $26.5 million the previous year. International futures orders decreased 3.3 percent to $48.4 million at Sept. 30, 2012, from $50.1 million the previous year.
For 2012, the company is presently forecasting full year consolidated revenues to be approximately $221 million to $223 million. Consolidated gross margin is expected to be approximately 35 percent to 36 percent. Selling, general and administrative expenses are expected to be about $105 to $107 million.