twice connect
careers

Cobra Reports Improved Loss In Second Qtr.

8/02/2010 12:01:00 AM Eastern

CHICAGO — Cobra Electronics reported
net loss, but an operating
profit on relatively flat consolidated
sales in the second quarter, ended
June 30.

Cobra had a net loss of $316,000 in
the quarter, which is an improvement
compared with a net loss of $9.9 million
for the prior year’s second quarter.

Cobra reported an operating profit
of $300,000 for the second quarter
of 2010, compared with an operating
loss of $1.6 million for the second
quarter of 2009.

Consolidated sales declined by
$261,000, or 1 percent, with the Cobra
segment reporting a decrease in net
sales of $1.2 million, or 4.9 percent.

The sales decrease for the Cobra
segment was seen primarily in Europe.
Domestic sales experienced
a decline in two-way radios and
radar detection, offset, in part, by
growth in truck navigation and marine
radios.

Want to read more stories like this?
Get our Free Newsletter Here!

Curated By Logo