Cobra 2012 Annual Report Download

Download and view the complete annual report

Please find the complete 2012 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

Table of contents

  • Page 1

  • Page 2
    ... with its highly recognized Snooper® Truckmate™, Ventura™ and Shot Saver brands and a well-established network of mass merchandisers and specialty retailers. Cobra products are available in more than 75 countries and 55,000 storefronts globally and continue to grow throughout the world...

  • Page 3
    FINANCIAL HIGHLIGHTS December 31 (In thousands, except per share amounts) December 31 2012 December 31 2011 Percent Increase (Decrease) O P E R AT I N G D ATA Net sales Gross profit... to the comparable GAAP measure is provided on page 11 of this Summary Annual Report. 2012 Annual Report 11 1

  • Page 4
    ... heard me say before, we live a "Develop or Die" culture at Cobra. As a result, we introduced several highly acclaimed products in the past year...our innovation in 2012 with our recently announced new products for 2013, some of which appear on the following pages of this annual report. I would like...

  • Page 5
    ... so in 2013. In particular, European net sales included in the Cobra reporting segment grew significantly in 2012. Additionally, the Cobra brand is now available in more than 75 countries and 55,000 ... Bazet Chairman of the Board and Chief Executive Officer March 25, 2013 2012 Annual Report 3

  • Page 6
    ...'s Choice Award, Best New Office Product of the Year, COPA † Finalist, CTIA 'Hot for the Holidays' Award Cobra JoyRide † 2012 CES Innovations Design and Engineering Award Honoree † Finalist, Automotive and Save Driving Mobile Apps eTech Awards † 2013 CTIA Best Safety Product, Techlicious...

  • Page 7
    ...with the expansion of the iRadar line to Europe and its own ShotSaver brand as well. Cobra iRadar ATOM, the most innovative, user-friendly and advanced radar/laser/camera detection system on ... Display, five-level signal strength meter, and selectable city and highway modes. 2012 Annual Report 5

  • Page 8
    ... category through continual innovation and improvement, expanding its global footprint in 2012 to include Eastern Europe. Cobra added a new "social" dimension to threat detection with the introduction of the awardwinning Cobra iRadar Community, already the largest and most active detection community...

  • Page 9
    ... a user to make and receive phone calls directly from their radio. Cobra 8000 and 6000 Pro HD, a breakthrough new professional GPS navigation system ...Cobra's patent-pending Rewind-Say-Again® digital voice recorder, which can play back the last 20 seconds of any incoming audio. 2012 Annual Report...

  • Page 10
    CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) 2012 Years Ended December 31 2011 2010 Net sales Cost of sales Gross profit...) $ 1,332 $ $ 0.48 0.48 $ $ 0.47 0.47 $ $ 0.21 0.21 6,599 6,613 $ - $ 6,526 6,526 - $ 6,471 6,471 - 8 Cobra Electronics Corporation

  • Page 11
    ... capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost (567,820 shares) Total shareholders' equity Total liabilities and shareholders' equity 2012 Annual Report $ 20,284 5,598 2,053 1,012 1,040 425 33 3,368 33,813 7,780 886 751 9,417 43,230 - - 2,392 $ 18,655 7,368...

  • Page 12
    ... STATEMENTS OF CASH FLOWS Years Ended December 31 2011 (In thousands) 2012 2010 CASH FLOWS FROM OPERATING ACTIVITIES: Net earnings Adjustments to reconcile net...for: Capital lease obligations $ $ $ 709 1,058 75 $ $ $ 760 229 - $ 872 $ (1,213) $ - 10 Cobra Electronics Corporation

  • Page 13
    ...31 (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) ... of similarly titled measures reported by other companies. 2012 Annual Report 11

  • Page 14
    ...for the year ended December 31, 2012, which were presented in accordance ...report that expressed an unqualified opinion (dated March 18, 2013) 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
    ...mail to [email protected] ANNUAL MEETING You are cordially invited to Cobra Electronics Corporation's annual meeting of ...report is in a summary format. It is intended to present 2012 results in a simple, readable style. The more detailed operational and financial material is part of the Annual Report...

  • Page 16
    www.cobra.com Chicago Dublin Hong Kong Manchester