Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Cobra Electronics Reports Q1 Results
May 4, 2004
 Printable format
 Email this Article
 Search

Cobra Electronics Corporation (Chicago, IL, U.S.), a manufacturer of mobile communications products, has announced results for its first quarter ended March 31, 2004.

For the quarter, Cobra reported a net loss of $542,000, or $0.08 per diluted share, compared to a net loss of $453,000, or $0.07 per diluted share, in the first quarter of 2003. Net sales increased to $22.7 million, up by 10.3 percent from $20.6 million in the prior year.

Gross margin for the first quarter was 22.7 percent, compared to 24.9 percent in the first quarter of 2003. Selling, general and administrative expenses were $5.9 million, as compared to $5.8 million in the first quarter of 2003, declining as a percentage of net sales to 26.1 percent from 28.3 percent in the prior year.

Cobra maintained its strong balance sheet position during the first quarter. The company had no interest-bearing debt as of March 31, 2004, the same position as one year earlier, and $7.8 million in cash, as compared to $6.9 million 1 yr earlier. Inventory increased to $19.4 million from $18.0 million the prior year. This increase in inventory primarily is due to the arrival of merchandise earlier than in the prior period, as evidenced by the decline in outstanding purchase commitments by more than $5.0 million from 1 yr earlier. Accounts receivable at the end of the quarter decreased to $17.9 million from $18.6 million. Net book value per share on March 31, 2004 increased to $8.87 from $8.64 1 yr ago.

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows