By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Chicago - Cobra Electronics reported higher net and operating income in the fourth quarter of 2013.
Net income was $1.9 million for the fourth quarter, compared with net income of $1.4 million in the prior year.
Operating income for the quarter was $1.8 million for the current quarter, compared with operating income of $1.4 million in the same quarter last year. These results reflected a decrease in selling, general and administrative expense that was partially offset by slightly lower net sales and gross margin, Cobra said.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Chicago – Cobra Electronics reported higher sales, but slightly lower net income for the third quarter, ended Sept. 30.
Net income was $394,000 as compared to net income of $564,000 for the third quarter of 2012. In addition, there was operating income of $124,000 for the current quarter compared to operating income of $304,000 in the same quarter last year.
Chicago — Cobra Electronics has updated its iRadar alert-sharing app, now in its fourth year of existence.
Version 4.0 of the iRadar app brings enhancements to the mapping features, including a new rotating map and an automatic zoom feature. Drivers will be able to see alert locations well before getting to them, the company said, and they can now rotate, tilt and pan the map freely to view at any angle.
Chicago — Cobra Electronics has begun shipping its smallest radar detectors, the updated SPX line.
The line consists of three models. The flagship SPX 7800BT makes use of the company’s iRadar alert-sharing community, and also features Aura speed and red-light camera notifications, verified user-reported alerts of upcoming live police locations, and other real-time traffic threat information via a paired smartphone.
Chicago – Cobra Electronics blamed the continued poor worldwide economic performance along with legal expenses for its $1.9 million drop in income on sales of $25.6 million for the second quarter, ended June 30.
The $1.9 million income fall off was down from the $902,000 in net income generated during the same period last year and consolidated sales were down about $3.5 million from 2012.
Chicago — Cobra Electronics cited lower store traffic and higher-than-expected legal expenses for its lower sales and loss for the company’s first quarter.
For the quarter, ended March 31, Cobra posted net loss of $1.5 million on sales of $21.6 million. This is down from the $339,000 profit on sales of $26.4 million generated during the same period last year.
The legal expenses were related to patent legal claims, the company said.
Chicago - Cobra Electronics reported lower income and slightly lower sales in the fourth quarter ended Dec. 31, 2012.
Net income was $1.4 million in the quarter down $600,000 from the prior year’s final quarter and operating income was also $1.4 million, down from the prior year’s $2.3 million.
Net sales were $35.7 million, down from the prior fourth quarter’s $37.5 million and a gross margin of 28.8 percent compared to 31.4 percent in the prior year period.
Chicago — Cobra Electronics announced it has promoted Sally Washlow to president, effective immediately.
In her expanded role, she will lead the company's sales, marketing and product development disciplines, and will guide Cobra's strategic international expansion, the company said in a statement. Washlow will report to chairman and CEO Jim Bazet.
Washlow was previously marketing and sales senior VP. She joined Cobra in 2002.
Las Vegas — Cobra Electronics will travel to International CES next week with an expanded offering of radar detectors, including what it’s calling the first under-the-hood radar/laser/camera detector to use a Bluetooth connection to a smartphone.
The iRadar S-series under-the-hood detector connects to Cobra’s free iRadar app, providing access to the crowd-sourcing iRadar Community.
Chicago — Cobra Electronics reported lower net income and sales during the third quarter, ended Sept. 30.
Net income was $564,000, compared with $1.4 million year on year. Operating income was $304,000 for the current quarter, compared with $2.3 million in the same quarter last year.
Lower profits reflected a drop in net sales to $27.7 million from $34.5 million and a gross margin of 28.1 percent, compared with 29.9 percent in the prior-year period.