Cobra 2000 Annual Report Download

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Please find the complete 2000 Cobra annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Table of contents

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    ... 40-year track record of innovation and award-winning products, and leads the industry in developing technology applications that serve the market. Cobra's commitment to innovation and award-winning products is the driving force behind the impressive sales and earnings gains achieved during the past...

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    Cobra Electronics Financial Highlights ($ - thousands, except per share amounts) 2000 1999 % change Operating Data...80 6,118 30.8 227.6 17.0 16.0 0.8 Cover Photo Contents Financial Highlights 1 Report to Shareholders 2 Growth in Products 4 Growth in Distribution 8 10 Growth in Global ...

  • Page 4
    Cobra Electronics Report to Shareholders highlights this success. We ended the year with far... that allows customers to change the look of their radios at a moment's notice. T he new Cobra has high-growth markets. We have quickly penetrated the large and growing domestic and international FRS market....

  • Page 5
    ... opportunities in and beyond. We have barely begun to unleash our company's full potential. We are always examining new product categories where Cobra's marketing and distribution strengths can be exploited to provide the company with a number one or strong number two position. In addition, our...

  • Page 6
    ... of explosive growth. Consumers are falling in love with the FM sound clarity and two-mile range of these ultra-compact radios. Cobra's ergonomic product designs, exceptional I nnovation is critical to consistent sales growth, as well as to consistent profit product quality, and special features...

  • Page 7
    The Cobra PR-2000 WX two-way radio provides 5 mile range as well as 10 NOAA weather channels to keep users out of harm's way. When high-speed emergency vehicles use strobe transmitters to control traffic signals, motorists equipped with Cobra 9-Band radar detectors will receive an alert and know to...

  • Page 8
    ... 2001, the ESD 9220WX 9-Band model is the world's first radar detector with 10 NOAA weather channels and weather alert. Cobra's innovative new products contributed significantly to the company being named one of the "200 Best Small Companies in America" by Forbes. 6 Cobra Electronics Corporation

  • Page 9
    ...of their radio. By including these extra fronts free to the consumer, Cobra will be providing a strong value that should lead to further sales and... detection market as well as increase its share of that market. Cobra also began targeting high-end consumers by introducing two high-performance detector...

  • Page 10
    ...increase in the numbers of pages viewed by the average visitor to the site. Visitors can learn about the distinctive features offered by Cobra products, as well as which retailers carry those products. T he site also began offering several "Internet-only" products that consumers can purchase online...

  • Page 11
    Cobra's redesigned website captures the excitement of the company 's retail products, and offers several "Internet-only" products for consumers to buy on-line. Cobra U.S. Retail Storefronts '97 '98 '99 '00 16,000 17,000 18,000 20,000 9

  • Page 12
    ... are now being offered by such Canadian retailers as Wal-Mart, Sears, Radio Shack and Canada's largest retailer, Canadian Tire. As a result, Cobra is the number oneselling FRS brand in Canada in T he majority of the countries in the European Economic Community approved a technology similar to FRS...

  • Page 13
    The staff of Cobra Electronics Europe, Ltd. is driving significant growth from its Dublin, Ireland headquarters. Cobra and its Canadian distributor, AVS Technologies, teamed up to make microTALK radios the #1 FRS line in Canada in 2000. 11

  • Page 14
    ... Electronics Consolidated Financial Statements Consolidated Balance Sheets Cobra Electronics Corporation In thousands December 31 2000 1999 ASSETS: Current assets: Cash Receivables, less allowances for claims and doubtful accounts of in and in Inventories, primarily finished goods Deferred...

  • Page 15
    In thousands December 31 2000 1999 LIABILIT IES AND SHAREHOLDERS' EQUIT Y: Current liabilities: Accounts payable Accrued salaries and commissions Accrued advertising and sales promotion costs Accrued product warranty costs Other ...

  • Page 16
    ... Electronics Consolidated Financial Statements Consolidated Statements of Income Cobra Electronics Corporation In thousands, except per share amounts Years Ended December 31, 2000 1999 1998 Net sales Cost of sales Gross profit Selling, general and administrative expense Operating income Other...

  • Page 17
    ...Cobra Electronics Corporation Quarter Ended In thousands, except per share amounts March 31 June 30 September 30 December 31 2000 1999 2000 1999 2000 1999 2000...total quarterly income per share may not equal the annual amount because net income per share is calculated independently for ...

  • Page 18
    ... independent auditors' report that expressed an unqualified opinion (dated February are included in the Company's Proxy Statement and in its Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission, both of which are available on request. 16 Cobra Electronics Corporation

  • Page 19
    ...mail to Glaures@ cobraelectronics.com. ANNUAL M EET ING You are cordially invited to Cobra Electronics Corporation's annual meeting of shareholders, to be ... . Record date for voting at the meeting is Apri SUMMARY ANNUAL R EPORT T his report is in a summary format. It is intended to present results ...

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    Cobra Electronics Corporation 6500 West Cortland Street, Chicago, Illinois 60707 773 • 889 • 8870 www.cobraelectronics.com