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Article: Cobra Golf Inc. (proxy report excerpts) (Company Profile)
- Article from:
- San Diego Business Journal
- Article date:
- February 7, 1994
CopyrightCOPYRIGHT 1994 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OTC-CBRA
Cobra Golf Inc. designs, manufactures and markets golf clubs principally for the premium-priced game-improvement segment of the golf equipment market. The company was formed in 1978, and had an initial public offering Sept. 28, 1993. Cobra reported net sales of $30.7 million for the six months ended June 30, 1993, an increase of 44 percent from $21.4 million for the comparable period in 1992. Gross sales for the period increased to $34.1 million, a gain of 50 percent from $22.7 million for the prior year. The jump in net sales is attributed to continued market acceptance of the company's King Cobra line of men's golf clubs, which offset lower sales in other ...