April 29, 2006

Cobra Releases Earnings

Cobra Electronics Corporation announced their latest quarterly results which included a 31.2 percent increase in sales, but a first quarter net loss of $1.1 million, compared to a net loss in the prior year, of $1.4 Million, absent certain non-operating gains. Things aren't all bad though for the GPS area, as "Cobra's sales increase in the first quarter reflected improved sales of mobile navigation products, including the NAV ONE 4000 and NAV ONE 4500," said Jim Bazet, Cobra's President and Chief Executive Officer.

"Last year, sales of mobile navigation products were hurt by high return rates and the costs of promotional programs due to unfulfilled holiday expectations of our customers. This year, our retail customers continued to purchase products in the first quarter, reflecting strong sell-through of our mobile navigation products to the consumer." So read that the Nav One 4500 is doing well and retailers are moving them along to happy consumers.

"During the first quarter, Cobra licensed mobile navigation source code and other intellectual property from TeleAtlas North America, Inc., a leading supplier of digital maps and navigation products. This software, and the related intellectual property, will provide Cobra with cutting-edge capabilities as we launch new mobile navigation products."

Read More in: Cobra GPS News | Earnings Announcements | GPS News

Share this Article with others: social bookmarking

Related Articles:

Came straight to this page? Visit GPS Lodge for all the latest news.

Posted by Scott Martin at April 29, 2006 3:44 PM

Recent Comments

Post a comment









Remember personal info?




Please enter the letter "h" in the field below:
Please press Post only once. Submission of comments takes up to 20 seconds because of Spam Filtering.
Join the Mailing List Mailing List
Enter your Email


Powered by FeedBlitz

facebook_badge.jpg twitter_badge.jpg

Subscribe - RSS
Site Navigation

Visit our other properties at Blogpire.com!

Archives

TechPiree

This weblog is licensed under a Creative Commons License.

Powered by
Movable Type 6.3
All items Copyright © 1999-2017 Blogpire Productions. Please read our Disclaimer and Privacy Policy