Rocky Brands (RCKY) swung to a net loss for the quarter ended Dec. 31, 2016. The company has made a net loss of $0.63 million, or $ 0.09 a share in the quarter, against a net profit of $1.38 million, or $0.18 a share in the last year period.     

Revenue during the quarter went up marginally by 2.58 percent to $66.95 million from $65.27 million in the previous year period. Gross margin for the quarter contracted 140 basis points over the previous year period to 32.55 percent. Operating margin for the quarter stood at negative 1.73 percent as compared to a positive 2.96 percent for the previous year period.

Operating loss for the quarter was $1.16 million, compared with an operating income of $1.93 million in the previous year period.

Mike Brooks, chief executive officer, commented, "The fundamentals of our business continued to improve in the fourth quarter following a difficult start to 2016. While our full year results were disappointing, we’ve taken a number of actions that we believe will improve our earnings power going forward. These include reorganizing our sales teams and reducing headcount in order to lower our expense structure. We also improved the efficiency of our expanded domestic manufacturing facility which allows us to more profitably capitalize on the growing demand for military footwear. In addition, we recently signed a licensing agreement for the Creative Recreation brand in Europe that will help enhance our overall margins. As 2017 gets underway, I’m confident that the changes we’ve made to our operating strategies and leadership team in response to the challenges of the past 12-months have made us a stronger organization and better positions Rocky Brands to return greater value to its shareholders over the long-term."