Cobra 2007 Annual Report Download

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ANNUAL REPORT 2007

Table of contents

  • Page 1
    ...a global presence annual rEport 2007

  • Page 2
    ... WitH produCts distributEd in oVEr 60 CountriEs. tHE CoVEr rEFlECts our FoCus to ContinuE to GroW tHE Cobra Family oF brands WorldWidE. Nothing Comes Close to a Cobra® Cobra ElECtroniCs Corporation is a leading designer and marketer of two-way mobile communications products in the united States...

  • Page 3
    FinanCial HiGHliGHts (in thousands, except per share amounts) 2007 2006 percent Change opEratinG data Net sales Gross profit loss from operations Interest expense other ...,935 31,401 (8,233) 1,655 1,089 (4,422) $ 153,695 29,953 (2,667) 479 63 (1,630) 1.5% 4.8% na 245.5% nm NA 2007 annual rEport 1

  • Page 4
    ...the world through continued innovation in design and technology. With sales in 14 countries around the world, Cobra radar detectors provide an extra measure of safety to drivers globally. In 2007, we launched our newest radar detectors - the Xrs r7 and Xrs r9G, featuring wireless remote control with...

  • Page 5
    ...directors has authorized a cash dividend in 2008. We are energized by the opportunities that lay ahead for Cobra and we have positioned the company for success in 2008. We remain very confident in the future of... Jim bazet President and Chief Executive Officer march 28, 2008 2007 annual rEport 3

  • Page 6
    ...below: tHE ConsumEr ElECtroniCs ASSOCIATION NAMEd COBRA'S MICROTALK® li 7200-2 WX Vp - Cobra's most poWErFul litHium ion Gmrs tWo-Way radio - and tHE mr HH425li Vp as innoVations 2008 dEsiGn and EnGinEErinG HonorEEs in noVEmbEr 2007. mr HH425li Vp li 7200-2 WX Vp 4 Cobra ElECtroniCs Corporation

  • Page 7
    ... products to consumers in 2007. Above: ppl's propriEtary EniGma databasE is onE oF tHE most aCCuratE and ComprEHEnsiVE listinGs oF FiXEd spEEd CamEras, HiGH aCCidEnt zonEs and otHEr Hazards tHrouGHout EuropE. EniGma proVidEs 24-Hour liVE, doWnloadablE updatEs EVEry day. 2007 annual rEport 5

  • Page 8
    ...to hear themselves over their speakers, and check incoming and outgoing audio sounds. Citizens band radio sales increased in 2007; further testament to Cobra's leadership in the category. tWo-Way radios Cobra's performance in this category continues to be solid. With more than 12 years of experience...

  • Page 9
    ... applications and development. Cobra Electronics Corporation moves forward in 2008 with established leadership positions in its legacy product lines, commitment to continued innovation and relentless pursuit of leadership in the market sectors in which the Company competes. n 2007 annual rEport 7

  • Page 10
    ...oF opErations years Ended december 31, in thousands, except per share amounts 2007 2006 2005 net sales Cost of sales Gross profit selling, general and ...68) (0.68) $ $ (0.25) (0.25) $ $ 1.86 1.81 6,458 6,458 $ 0.16 $ 6,482 6,482 0.16 $ 6,448 6,609 - 8 Cobra ElECtroniCs Corporation

  • Page 11
    ...Cash and cash equivalents receivables, net of allowance for claims and doubtful accounts of $205 in 2007 and $282 in 2006 Inventories, primarily finished goods, net deferred income taxes prepaid assets other ...46,985 4 - 2,345 19,824 51,584 11 73,764 (3,995) 69,769 $116,758 2007 annual rEport 9

  • Page 12
    ...FloWs years Ended december 31, in thousands 2007 2006 2005 CasH FloWs From opEratinG aCtiVitiEs... disClosurE oF CasH FloW inFormation: Cash paid during the period for: interest income taxes, net of refunds 10 Cobra ElECtroniCs Corporation $ (4,422) $ (1,630) $ 11,984 7,925 3,031 (3,251) (17) 223 ...

  • Page 13
    ... 8.51 848 $ 6.75 4.11 4.85 1,073 $ 10.42 8.02 9.56 1,003 the sum of the quarterly net earnings per share amounts may not equal the annual amount because net earnings per share are calculated independently for each quarter. 2007 annual rEport 11

  • Page 14
    ... the year ended december 31, 2007, which were presented in accordance with...report that expressed an unqualified opinion (dated March 31, 2008) are included in the Company's Annual Report on Form 10-K filed with the u.S. Securities and Exchange Commission, which is available upon request. 12 Cobra...

  • Page 15
    ...or by e-mail to [email protected]. annual mEEtinG you are cordially invited to Cobra Electronics Corporation's annual meeting of shareholders to be held...meeting is april 4, 2008. summary annual rEport this report is in a summary format. it is intended to present 2007 results in a simple, readable ...

  • Page 16
    2007 annual rEp o rt Cobra ElECtroniCs Corporation 6500 WEST CORTLANd STREET • ChIC AGO, ILLINOIS 60707 • WWW.COBRA.COM