Cobra 2003 Annual Report Download - page 2
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Please find page 2 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.C O R P O R AT E P R O F I L E
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 I S A L E A D I N G G L O B A L
M A N U F A C T U R E R O F C O M M U N I C AT I O N A N D N A V I G A T I O N
P R O D U C T S , W I T H A T R A C K R E C O R D O F D E L I V E R I N G I N N O V A T I V E
A N D A W A R D - W I N N I N G P R O D U C T S . B U I L D I N G U P O N I T S
L E A D E R S H I P P O S I T I O N I N T H E G M R S / F R S T W O - W A Y R A D I O ,
R A D A R D E T E C T O R A N D C I T I Z E N S B A N D R A D I O I N D U S T R I E S ,
C O B R A I D E N T I F I E D N E W G R O W T H O P P O R T U N I T I E S A N D H A S
A G G R E S S I V E LY E X P A N D E D I N T O T H E G P S , M O B I L E N A V I G AT I O N
A N D M A R I N E M A R K E T S O V E R T H E L A S T S E V E R A L M O N T H S . T H E
C O N S U M E R E L E C T R O N I C S A S S O C I AT I O N , F O R B E S A N D D E L O I T T E
& T O U C H E H A V E A L L R E C E N T LY R E C O G N I Z E D C O B R A F O R T H E
C O M P A N Y ’ S I N N O V AT I O N A N D I N D U S T R Y L E A D E R S H I P.
F I N A N C I A L H I G H L I G H T S
(Inthousands,exceptpershareamounts) Percent
2003 2002 Change
OPERATINGDATA:
Netsales $114,811 $135,840 (15.5)%
Grossprofit 30,655 34,277 (10.6)%
Operatingincome 3,140 3,203 (2.0)%
Incomebeforetaxes 3,143 3,066 2.5%
Netincome 1,841 1,720 7.0%
Netincomepershare:
Basic 0.29 0.27 7.4%
Diluted 0.28 0.26 7.7%
ASOFDECEMBER31:
Totalassets $ 76,233 $ 74,782 1.9%
Shareholders’equity 57,701 55,879 3.3%
Bookvaluepershare 8.99 8.70 3.3%
Sharesoutstanding 6,420 6,420 0.0%