Cobra 2009 Annual Report Download
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Table of contents
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Page 1
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Page 2
... a 48 year track record of innovation and development of award-winning products and is an industry leader in developing technology applications that serve consumers' needs. Cobra is a leading global brand in Citizens Band radios, radar detectors, speed camera detection and consumer two-way radios...
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Page 3
Financial Highlights
(In thousands, except per share amounts)
Percent Increase (Decrease)
2009
2008
OPERATING DATA
Net sales Gross proï¬t Loss from operations Interest expense Other...measure to the comparable GAAP measure is provided on page 11 of this Summary Annual Report.
2009 Annual Report
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Page 4
... Products Limited (PPL) in 2006, with a view towards the strategic integration of PPL's technology and distribution channels with those of Cobra. In 2009, we saw tangible results of these initiatives in new products, enhanced distribution and marketing channels and new strategic ventures. PPL...
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Page 5
... in 2010 is not forecasted to be robust. In spite of this less than sanguine macroeconomic outlook, Cobra has conï¬dence that we have laid the foundation for a return to growth and proï¬tability. We...Chairman of the Board, President and Chief Executive Ofï¬cer March 26, 2010
2009 Annual Report
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Page 6
....
Year in Review
THE EQUITY OF ITS BRANDS
By maximizing its signiï¬cant brand equity and assets in both its Cobra and Snooper products, Cobra Electronics can continue to expand very cost efï¬ciently in a diminished global economy. Partnerships with established distributors and peer technology...
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Page 7
...its super-fast lock-on detection circuitry and comes with a lifetime subscription to the AURA Database. Cobra continues to offer the best selection of radar detectors with the widest range of price points in the... as well as alerting to speed traps stored in its internal memory.
2009 Annual Report
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Page 8
...that the Company began its aggressive expansion into the marine market. Now, in 2009, Cobra's marine products are well-known, proven and award-winning. The equity of the Cobra brand is strong and offers opportunity not only for Cobra but also for those who partner with the Company. Sea Tow and C-pod...
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Page 9
...from Cobra deliver unique solutions. Cobra's High Beam Series LED Light provides up to 7 hours of use on a single charge, while its Jumpstarter powers up vehicles and appliances. PPL's GPS Golf ShotSaver gives you an accurate distance to all types of hazards from tee to green.
2009 Annual Report
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Page 10
Consolidated Statements of Operations
(In thousands, except per share amounts)
2009 Years Ended December 31, 2008 2007
Net sales Cost of ...$ (4,422)
$ $
(1.59) (1.59)
$ $
(2.91) (2.91)
$ $
(0.68) (0.68)
6,471 6,471 $ - $
6,471 6,471 0.16 $
6,458 6,458 0.16
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Cobra Electronics Corporation
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Page 11
... Accumulated comprehensive loss Treasury stock, at cost (567,820 shares) Total shareholders' equity - Cobra Non-controlling interest Total shareholders' equity Total liabilities and shareholders' equity $ 16,549 7,427...,354 26,305 (2,637) 46,367 (3,837) 42,530 24 42,554 $ 78,998
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2009 Annual Report
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Page 12
Consolidated Statements of Cash Flows
(In thousands)
Years Ended December 31, 2009 2008 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss Adjustments to reconcile net loss to ... for: Interest Income taxes, net of refunds $ 936 (449) $ 1,008 (314) $ 1,873 1,533
10 Cobra Electronics Corporation
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Page 13
...)
(a) The sum of the quarterly net earnings (loss) per share amounts may not equal the annual amount because net earnings (loss) per share are calculated independently for each quarter.
EBITDA
(In thousands... to the calculation of similar titled measures reported by companies.
2009 Annual Report 11
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Page 14
...for the year ended December 31, 2009, which were presented in accordance ...report that expressed an unqualiï¬ed opinion (dated March 15, 2010) are included in the Company's Annual Report on Form 10-K ï¬led with the U.S. Securities and Exchange Commission, which is available upon request.
12 Cobra...
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Page 15
...President and Chief Financial Ofï¬cer, or by e-mail to [email protected].
COBRA ELECTRONICS (HK) LIMITED
Daniel S. Schiff, General Manager Suite 1901-4, ...0700 Fax 0870 787 1700
SUMMARY ANNUAL REPORT
This report is in a summary format. It is intended to present 2009 results in a simple, readable ...
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