US luxury goods brand Mossimo, Inc. has announced positive financial results for the third quarter ended September 30, 2005. Total net revenues increased to $6.8 million compared with $4.9 million for the same period last year. The company reported third quarter net earnings of $637,000 compared with a net loss of $125,000 for the same period last year. Net revenues for the nine months ended September 30, 2005 were $24.5 million compared with $17.4 million in the same period last year. The company reported net earnings of $4.7 million for the first nine months of 2005 compared with $2.1 million in the corresponding period a year ago.

The company also announced its agreement with Hudson's Bay Company over the acquisition of the company has expired, and there are no plans to renew it.

Mossimo, Inc. designs, licenses and distributes men's, women's, boy's and girl's apparel, footwear, and other fashion accessories such as watches, handbags, and belts.