Cobra 2003 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2003 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.

Page out of 20

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20

C O B R A ฀ A N N U A L ฀ R E P O R T ฀ 2 0 0 3 ฀
P A G E 1 5
Quarter Ended
In฀thousands,฀except March 31 June 30 September 30 December 31
per฀share฀amounts 2003 2002 2003 2002 2003 2002 2003 2002
Net฀sales฀ $฀20,554฀฀ $฀21,042฀฀ $฀26,622฀฀ $฀36,264฀฀ $฀26,304฀฀ $฀35,924฀฀ $฀41,331฀฀ $฀42,610
Cost฀of฀sales฀ ฀ 15,440฀฀ ฀ 16,281฀฀ ฀ 18,866฀฀ ฀ 27,040฀฀ ฀ 19,232฀฀ ฀ 27,528฀฀ ฀ 30,618฀฀ ฀ 30,713
Gross฀profit฀ ฀ 5,114฀฀ ฀ 4,761฀฀ ฀ 7,756฀฀ ฀ 9,224฀฀ ฀ 7,072฀฀ ฀ 8,396฀฀ ฀ 10,713฀฀ ฀ 11,897
Selling,฀general฀and
฀ administrative฀expense(a)฀฀ 5,810฀฀ ฀ 5,073฀฀ ฀ 7,057฀฀ ฀ 8,098฀฀ ฀ 6,615฀฀ ฀ 7,729฀฀ ฀ 8,033฀฀ ฀ 10,174
Operating฀income฀(loss)฀ ฀ (696฀)฀ ฀ (312฀)฀ ฀ 699฀฀ ฀ 1,126฀฀ ฀ 457฀฀ ฀ 667฀฀ ฀ 2,680฀฀ ฀ 1,723
Tax฀provision฀(benefit)฀ ฀ (306฀)฀ ฀ (156฀)฀ ฀ 272฀฀ ฀ 492฀฀ ฀ 261฀฀ ฀ 216฀฀ ฀ 1,075฀฀ ฀ 795
Net฀income฀(loss)฀ ฀ (453฀)฀ ฀ (236฀)฀ ฀ 407฀฀ ฀ 621฀฀ ฀ 391฀฀ ฀ 338฀฀ ฀ 1,496฀฀ ฀ 997
Net฀income฀(loss)
฀ per฀share(b):
฀ Basic฀ ฀ (0.07฀)฀ ฀ (0.04฀)฀ ฀ 0.06฀฀ ฀ 0.10฀฀ ฀ 0.06฀฀ ฀ 0.05฀฀ ฀ 0.23฀฀ ฀ 0.16
฀ Diluted฀ ฀ (0.07฀)฀ ฀ (0.04฀)฀ ฀ 0.06฀฀ ฀ 0.09฀฀ ฀ 0.06฀฀ ฀ 0.05฀฀ ฀ 0.23฀฀ ฀ 0.15
Weighted฀average
฀ shares฀outstanding:
฀ Basic฀ ฀ 6,420฀฀ ฀ 6,315฀฀ ฀ 6,420฀฀ ฀ 6,349฀฀ ฀ 6,420฀฀ ฀ 6,407฀฀ ฀ 6,420฀฀ ฀ 6,420
฀ Diluted฀ ฀ 6,479฀฀ ฀ 6,460฀฀ ฀ 6,487฀฀ ฀ 6,570฀฀ ฀ 6,506฀฀ ฀ 6,553฀฀ ฀ 6,511฀฀ ฀ 6,477
Stock฀Price:฀
฀ High฀ ฀ 7.200฀฀ ฀ 8.250฀฀ ฀ 7.100฀฀ ฀ 9.250฀฀ ฀ 7.340฀฀ ฀ 8.420฀฀ ฀ 7.560฀฀ ฀ 7.000
฀ Low฀ ฀ 5.840฀฀ ฀ 6.040฀฀ ฀ 5.950฀฀ ฀ 7.400฀฀ ฀ 5.760฀฀ ฀ 6.180฀฀ ฀ 6.250฀฀ ฀ 5.800
฀ End฀of฀Quarter฀ ฀ 6.020฀฀ ฀ 7.540฀฀ ฀ 6.930฀฀ ฀ 8.250฀฀ ฀ 6.840฀฀ ฀ 6.250฀฀ ฀ 7.550฀฀ ฀ 6.540
Trading฀Volume฀ ฀ 388฀฀ ฀ 946฀฀ ฀ 845฀฀ ฀ 1,332฀฀ ฀ 550฀฀ ฀ 609฀฀ ฀ 644฀฀ ฀ 509
(a)฀The฀fourth฀quarter฀of฀2003฀includes฀the฀reversal฀of฀$1.2฀million฀of฀unclaimed฀program฀funds฀from฀2002.
(b)฀The฀total฀quarterly฀income฀per฀share฀may฀not฀equal฀the฀annual฀amount฀because฀net฀income฀per฀share฀is฀calculated฀independently฀
for฀each฀quarter.
Q U A R T E R LY F I N A N C I A L D ATA ( U N A U D I T E D )