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.