K-Swiss shares rose 10 percent Thursday after the company filed its quarterly report citing a surge in future sales orders.

The Westlake Village shoe company reported a net loss of $28.3 million (80 cents per share), compared with a net loss of $2.9 million (8 cents per share) for the same quarter a year ago. Analysts surveyed by Thomson Reuters had expected a loss of 22 cents per share.

For the quarter, total worldwide revenue decreased 13 percent to $61.6 million.

However, K-Swiss announced its future orders increased 18 percent to $80 million for the next two quarters. Domestic orders for the two quarters increased 51 percent while international orders rose less than 1 percent.

On the Nasdaq Stock Exchange, K-Swiss shares closed Thursday at $12.25, an increase of $1.14 or 10 percent for the day.