The newly public footbed sandal maker's bottom line swung into the red in fiscal Q4 ended Sep. 30, with IPO related expenses leading to a €28,287,000 ($30.4 mm) loss against a €57,980,000 profit, on 16% higher revenues of €374,543,000 ($403.2 mm) up from €321,608,000. Excluding the one-time expenses and other items like currency hedges, adjusted net income was €25,134,000 against €50,449,000. Selling and distribution expenses grew by 35%, but general administration expenses nearly tripled on expenses related to the public offering and share-based compensation, combining to send SG&A soaring to 1860 ... Log in to view full article.