Cobra 2002 Annual Report Download - page 17

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14฀ C O B R A ฀ E L E C T R O N I C S ฀ C O R P O R AT I O N
2 0 0 2 ฀ A N N U A L ฀ R E P O R T ฀ ฀ ฀ ฀ 15
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ Quarter฀Ended
In฀thousands,฀except฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ March฀31 ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀June฀30฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀September฀30 ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀December฀31
per฀share฀amounts ฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀2002 ฀฀฀฀฀฀฀฀฀฀฀฀฀ 2001 ฀฀฀฀฀฀฀฀฀฀฀฀฀2002฀฀฀฀฀฀฀฀฀฀฀฀฀ 2001 ฀฀฀฀฀฀฀฀฀฀฀฀ 2002 ฀฀฀฀฀฀฀฀฀฀฀฀฀ 2001 ฀฀฀฀฀฀฀฀฀฀฀฀฀2002฀฀฀฀฀฀฀฀฀฀฀฀฀2001
Net฀sales฀ $฀21,042฀ ฀฀฀ $30,008 ฀฀฀฀ $36,264฀฀฀฀ $34,488฀฀฀฀฀$35,924฀฀฀฀฀$35,051฀ ฀฀฀$42,610 ฀฀฀฀$50,484
Cost฀of฀sales฀ ฀ 16,281฀ ฀฀฀฀฀฀22,166 ฀฀฀฀฀฀฀27,040฀฀฀฀฀฀฀25,901฀฀฀฀฀฀฀27,528฀฀฀฀฀฀฀ 26,046฀ ฀฀฀฀฀ 30,713 ฀฀฀฀฀฀ 36,929
Gross฀prot฀ ฀ 4,761฀ ฀฀฀฀฀฀฀฀7,842฀฀฀฀฀฀฀฀฀9,224฀฀฀฀฀฀฀฀฀8,587฀฀฀฀฀฀฀฀฀8,396฀฀฀฀฀฀฀฀฀ 9,005฀ ฀฀฀฀฀ 11,897 ฀฀฀฀฀฀ 13,555
Selling,฀general฀and
฀ administrative฀expense฀ ฀ 5,073฀ ฀฀฀฀฀฀฀฀6,205฀฀฀฀฀฀฀฀฀8,098฀฀฀฀฀฀฀฀฀6,488฀฀฀฀฀฀฀฀฀7,729฀฀฀฀฀฀฀฀฀ 6,548฀ ฀฀฀฀฀ 10,174 ฀฀฀฀฀฀฀฀ 9,163
Expenses฀for฀the฀terminated
฀ Lowrance฀acquisition฀ ฀ –฀ ฀ ฀฀฀฀฀฀฀฀฀฀฀–฀ ฀฀฀฀฀฀฀฀฀฀฀฀–฀ ฀฀฀฀฀฀฀฀฀1,402฀฀฀฀฀฀฀฀฀฀฀฀–฀ ฀฀฀฀฀฀฀฀฀฀฀฀ –฀ ฀ ฀฀฀฀฀฀฀฀฀฀ –฀ ฀฀฀฀฀฀฀฀฀฀฀ –฀
Operating฀income฀(loss)฀ ฀ (312฀)฀฀฀฀฀฀฀฀1,637฀฀฀฀฀฀฀฀฀1,126฀฀฀฀฀฀฀฀฀฀฀฀ 697฀฀฀฀฀฀฀฀฀฀฀฀ 667฀฀฀฀฀฀฀฀฀ 2,457฀ ฀฀฀฀฀฀฀ 1,723 ฀฀฀฀฀฀฀฀ 4,392
Tax฀provision฀(benet)฀ ฀ (156฀)฀฀฀฀฀฀฀฀฀฀฀450 ฀฀฀฀฀฀฀฀฀฀฀฀492฀฀฀฀฀฀฀฀฀฀฀฀ 233฀฀฀฀฀฀฀฀฀฀฀฀ 216฀฀฀฀฀฀฀฀฀฀฀฀ 858฀ ฀฀฀฀฀฀฀฀฀฀ 795 ฀฀฀฀฀฀฀฀ 2,053
Net฀income฀(loss)฀ ฀ (236฀)฀฀฀฀฀฀฀฀฀฀฀722 ฀฀฀฀฀฀฀฀฀฀฀฀621฀฀฀฀฀฀฀฀฀฀฀฀ 374฀฀฀฀฀฀฀฀฀฀฀฀ 338฀฀฀฀฀฀฀฀฀ 1,375฀ ฀฀฀฀฀฀฀฀฀฀ 997 ฀฀฀฀฀฀฀฀ 2,214
Net฀income฀(loss)฀per฀share฀(a):
฀฀฀฀฀Basic฀ ฀ (0.04฀)฀฀฀฀฀฀฀฀฀฀0.12 ฀฀฀฀฀฀฀฀฀฀฀0.10฀฀฀฀฀฀฀฀฀฀฀ 0.06฀฀฀฀฀฀฀฀฀฀฀ 0.05฀฀฀฀฀฀฀฀฀฀฀ 0.22฀ ฀฀฀฀฀฀฀฀฀ 0.16 ฀฀฀฀฀฀฀฀฀฀฀0.35
฀฀฀฀฀Diluted฀ ฀ (0.04฀)฀฀฀฀฀฀฀฀฀฀0.11 ฀฀฀฀฀฀฀฀฀฀฀0.09฀฀฀฀฀฀฀฀฀฀฀ 0.06฀฀฀฀฀฀฀฀฀฀฀ 0.05฀฀฀฀฀฀฀฀฀฀฀ 0.22฀ ฀฀฀฀฀฀฀฀฀ 0.15 ฀฀฀฀฀฀฀฀฀฀฀0.35
Weighted฀average
฀ shares฀outstanding:
฀฀฀฀฀Basic฀ ฀ 6,315฀ ฀฀฀฀฀฀฀฀6,178฀฀฀฀฀฀฀฀฀6,349฀฀฀฀฀฀฀฀฀6,221฀฀฀฀฀฀฀฀฀6,407฀฀฀฀฀฀฀฀฀ 6,243฀ ฀฀฀฀฀฀฀ 6,420 ฀฀฀฀฀฀฀฀ 6,302
฀฀฀฀฀Diluted฀ ฀ 6,460฀ ฀฀฀฀฀฀฀฀6,440฀฀฀฀฀฀฀฀฀6,570฀฀฀฀฀฀฀฀฀6,490฀฀฀฀฀฀฀฀฀6,553฀฀฀฀฀฀฀฀฀ 6,383฀ ฀฀฀฀฀฀฀ 6,477 ฀฀฀฀฀฀฀฀ 6,408
Stock฀Price฀฀฀฀฀฀
฀฀฀฀฀High฀ ฀ 8.250฀ ฀฀฀฀฀฀10.313 ฀฀฀฀฀฀฀฀฀9.250฀฀฀฀฀฀฀฀฀9.000฀฀฀฀฀฀฀฀฀8.420฀฀฀฀฀฀฀฀฀ 8.700฀ ฀฀฀฀฀฀฀ 7.000 ฀฀฀฀฀฀฀฀ 7.110
฀฀฀฀฀Low฀ ฀ 6.040฀ ฀฀฀฀฀฀฀฀5.000฀฀฀฀฀฀฀฀฀7.400฀฀฀฀฀฀฀฀฀6.000฀฀฀฀฀฀฀฀฀6.180฀฀฀฀฀฀฀฀฀ 4.950฀ ฀฀฀฀฀฀฀ 5.800 ฀฀฀฀฀฀฀฀ 5.200
฀฀฀฀฀End฀of฀Quarter฀ ฀ 7.540฀ ฀฀฀฀฀฀฀฀9.063฀฀฀฀฀฀฀฀฀8.250฀฀฀฀฀฀฀฀฀7.900฀฀฀฀฀฀฀฀฀6.250฀฀฀฀฀฀฀฀฀ 5.500฀ ฀฀฀฀฀฀฀ 6.540 ฀฀฀฀฀฀฀฀ 6.280
Trading฀Volume฀ ฀ 946฀ ฀฀฀฀฀฀฀฀2,225฀฀฀฀฀฀฀฀฀1,332฀฀฀฀฀฀฀฀฀ 1,898฀฀฀฀฀฀฀฀฀฀฀฀ 609฀฀฀฀฀฀฀฀฀ 1,568฀ ฀฀฀฀฀฀฀฀฀฀ 509 ฀฀฀฀฀฀฀฀ 1,259
(a) The฀total฀quarterly฀income฀per฀share฀may฀not฀equal฀the฀annual฀amount฀because฀net฀income฀per฀share฀is฀calculated฀independently฀for฀each฀quarter.
Quarterly฀Financial฀Data฀(Unaudited)