Cobra Electronics Corp. (COBR) Releases Favorable Second Quarter Results
Cobra Electronics is involved in the design and marketing of leading-edge mobile communication and navigation devices. The company's products vary wildly within the consumer electronics industry, including GPS navigation systems, two-way & citizen band radios, radar detection devices, marine electronics, and more. Cobra has been turning a lot of heads this week, as reports of increased second quarter earnings reached investors everywhere. Recorded net income was $1.7 million, an amazing turn-around from last year's second quarter loss of $434,000. Cobra attributes the positive effects to improved gross margins and reduced operating expenses, as well as a significant sales boost from…