Our other product categories, including radar detection and citizens band radios
, are showing strength as well, and are expected to contribute to a strong year.
Building upon its leadership position in the GMRS/FRS two-way radio, radar detector and citizens band radio
industries, Cobra identified new growth opportunities and has expanded into the GPS, mobile navigation and marine markets over the last several months.
The lower domestic Citizens Band radio
and Truck Navigation sales reflected significantly reduced store traffic in travel centers and in the case of Citizens Band radios
, strong sales from the third quarter of 2011 that included sales of a limited edition model that was not repeated in 2012.
In addition to the current quarter launch of the new 29 LX Citizens Band radio
, Cobra also launched the 5550 PRO, an all new 5-inch navigation unit specifically designed for the professional driver," said Mr.
Cobra Electronics Corporation is a leading global manufacturer of innovative mobile communication, marine and GPS products for consumers, having attained a leadership position in the GMRS/FRS, citizens band radio
and radar detector markets.
Citizens Band radio
sales also benefited from the support of strong distribution partners.
Domestically, the gross margin improvement resulted from both a more favorable product mix, reflecting strong growth in Citizens Band radio
sales and gross margin because of a more favorable customer mix and sales of the 29 LX LE, and higher gross margin for two-way radios resulting from decreases in air freight expense and the cost of pricing programs that were required a year ago to maintain sales volume in the difficult economy.
Our other categories, including two-way radio, radar detection and citizens band radio
, are showing strength, as well, and are expected to contribute to a strong year.
Cobra is building on its 50 years of innovation and leadership position in radar detections systems, two-way radio, and Citizens Band radio
industries with bold new product introductions at CES 2011 and aggressive expansion into new high growth product categories.
1 percent and Citizens Band radio
sales declined by 7.
6 million, as radar detection and Citizens Band radio
sales were particularly hurt by a cutback in consumer spending, with declines of 37.
were not as severely impacted by the overall economy, the decline in freight traffic and the resulting decline in travel center business took their toll on Citizens Band radio