Cobra 2010 Annual Report Download - page 3

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2010 ANNUAL REPORT1
Percent
Increase
2010 2009 (Decrease)
Operating Data
Net sales $ 110,520 $ 105,229 5.0 %
Gross profit 29,854 26,376 13.2 %
Earnings (loss) from operations 1,807 (3,690 ) 149.0 %
Interest expense (1,564 ) (1,149 ) 36.1 %
Other income 954 1,331 -28.3 %
Net earnings (loss) 1,577 (10,272 ) 115.4 %
Net learnings (loss) per common share:
Basic $ 0.24 $ (1.59 ) 115.1 %
Diluted 0.24 (1.59 ) 115.1 %
EBITDA As Defined* $ 6,411 $ 1,109 478.1 %
Gross margin 27.0% 25.1% 7.6 %
SG&A as a percentage of net sales 25.4% 28.6% -11.2 %
As of December 31:
Total assets $ 74,354 $ 75,703 -1.8 %
Bank debt 18,042 17,869 1.0 %
Shareholders’ equity 34,586 33,235 4.0 %
Book value per share $ 5.34 $ 5.14 4.0 %
Shares outstanding 6,471 6,471 0.0 %
* This amount is considered a “non-GAAP” financial measure under Securities and Exchange Commission rules. As required,
a reconciliation of this financial measure to the comparable GAAP measure is provided on page 11 of this Summary Annual
Report.
Financial Highlights
(In thousands, except per share amounts)
2010 ANNUAL REPORT1
About the Cover
(7750 PLATINUM) Cobra’s new
7750 PLATINUM Professional
Driver Navigation System was
launched in 2010.