US designer and manufacturer of footwear for men, women and children, Crocs, Inc. has reported record financial results for the fourth quarter, ended December 31. Revenues increased 236% to $112.9 million versus $33.6 million in the fourth quarter of 2005, whilst net income improved 395.2% to reach $20.8 million versus $4.2 million. For the full year, revenues increased 226.6% to $354.7 million compared with $108.6 million in 2005 and net income rose 278.8% to reach $64.4 million compared with $17 million.

Gross profit for the fourth quarter was $65.1 million, or 57.7% of revenues, compared with $17.8 million, or 53% of revenues for the comparable quarter in 2005. Gross profit for the full-year was $200.6 million, or 56.6% of revenues, compared with $60.8 million, or 56% of revenues in fiscal 2005.

For the first quarter of fiscal, 2007, the company anticipates total revenues to range from $113 million to $117 million.

Crocs designs, manufactures and retails footwear under the Crocs brand, all of which feature Crocs’ proprietary closed-cell resin, Croslite. Crocs shoes are sold in more than 80 countries around the world.

In 2006, the company acquired the Jibbitz accessory brand which produces snap-on products specifically suited for Crocs shoes.