Cobra 2011 Annual Report Download

Download and view the complete annual report

Please find the complete 2011 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 16

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

9

Table of contents

  • Page 1
    9

  • Page 2
    ... CORPORATION • 2011 AnnuAl RepoRt Corporate Profile cobra Electronics corporation is a leading global designer and marketer of mobile communication and navigation products in the United States, Canada, europe and around the world. having celebrated its first 50 years of innovation, Cobra enters...

  • Page 3
    ...2011 2010 Percent Increase (decrease) operating Data Net sales Gross profit earnings from operations Interest expense other (expense) income Net earnings attributable to Cobra Net earnings attributable to Cobra... the comparable GaaP measure is provided on page 11 of this Summary annual report. 11 1

  • Page 4
    COBRA ELECTRONICS CORPORATION • 2011 AnnuAl RepoRt ShareholderS' letter JIM BAZET Chairman of the Board, President and Ceo Cobra has recently completed its best year of financial performance since 2005...The future of our Company is very bright... I am very proud to report that Cobra recently ...

  • Page 5
    ... in the past year and will continue to do so in 2012. In particular, european net sales included in the Cobra reporting segment grew 34% in 2011. additionally, the Cobra brand is now available in more than seventy five countries and 50,000 storefronts. the Snooper brand is available in more...

  • Page 6
    ... • 2011 AnnuAl RepoRt Year IN reVIeW Introduction Cobra electronics forges into its next fifty years of innovation with a full breadth of successful, critically-acclaimed products, enhanced research and development alliances, extensive channels of distribution and worldwide retail presence. 2011...

  • Page 7
    ... MoST INNovATIvE ProDucT for MAc AND iDEvIcE uSErS, MAC|LIFE MAGAZINE, 2011 INTErNATIoNAl DESIgN ExcEllENcE AwArD (IDEA), 2011 DESIgN AND ENgINEErINg AwArD, coNSuMEr ElEcTroNIcS ASSocIATIoN   CoBrA TAg™:  EDITor'S choIcE AwArD, POPULAR MECHANICS 7750 PlATinum gPs:  5-STAr rATINg...

  • Page 8
    ... ELECTRONICS CORPORATION • 2011 AnnuAl RepoRt Innovation in New Products Cobra maintains its leadership in two-way and marine radios with its latest models for 2012. Cobra marine radios, from Mr F45-d to Mr F55B-d, were top sellers worldwide. the Company's two-way GMrS/FrS radios for 2012 feature...

  • Page 9
    ... term commitment to professional drivers is evident in its latest GPS navigation system. From its first award in early 2011 to its leading market share throughout the year, Cobra's 7750 Platinum GPS Navigation series is the choice for the professional driver. Successful in North america and europe...

  • Page 10
    COBRA ELECTRONICS CORPORATION • 2011 AnnuAl RepoRt Consolidated Statements of Operations (In thousands, except per share amounts) Years ended december 31 2011 2010 2009 Net sales Cost of sales Gross profit Selling, general and administrative expense earnings (loss) from operations Interest ...

  • Page 11
    ... shares for 2010 Outstanding: 6,539,580 shares for 2011 and 6,471,280 shares for 2010 Paid-in capital Retained earnings Accumulated comprehensive loss Treasury stock, at cost (567,820 shares) Total shareholders equity - Cobra Non-controlling interest Total shareholders' equity Total liabilities and...

  • Page 12
    ... ELECTRONICS CORPORATION • 2011 AnnuAl RepoRt Consolidated Statements of Cash Flows (In thousands) Years ended december 31 2011 2010 2009 cash flows from operating Activities: Net earnings (loss) attributable to Cobra adjustments to reconcile net earnings (loss) to net cash flows from operating...

  • Page 13
    ...the annual amount because net earnings (loss) per share are calculated independently for each quarter. EBITDA (In thousands) Years ended december 31 2011 2010 Net earnings attributable to Cobra ... may not be comparable to the calculation of similarly titled measures reported by other companies. 11

  • Page 14
    COBRA ELECTRONICS CORPORATION • 2011 AnnuAl RepoRt Five Year Financial Summary (In thousands, except per share amounts) Years ended december 31 2011 2010 2009 2008 2007 operating Data: Net sales $ 123,259 Net earnings (loss) attributable to Cobra 3,087 Net earnings (loss) attributable to Cobra ...

  • Page 15
    ...meeting is March 23, 2012. Summary Annual report This report is in a summary format. It is intended to present 2011 results in a simple, readable style....889-1678 Consumer Service (773) 889-3087 Website: www.cobra.com Cobra Electronics Europe Limited Jean Louis Poot Managing Director Dungar House ...

  • Page 16
    COBRA ELECTRONICS CORPORATION • 2011 AnnuAl RepoRt 8