California-based clothing and footwear designer and licensor Mossimo Inc on Wednesday posted flat third quarter net earnings of $1.6 million and revealed revenue rose 9.4 per cent to $4.3m from $3.9m in 2001.

The company said in a short statement nine month revenues soared 22.8 per cent to $17.3m from $14.1m net earnings with nine month net earnings up to  $8.3m from $5.5m in the year-ago period.

Vice chairman and president, Edwin Lewis, commented: "We are pleased with our performance during the quarter. Our ability to exceed expectations for the third consecutive quarter, despite ongoing challenges in the retail environment, is a testament to the strength of the Mossimo brand and underscores the strategic advantages of our operating model."