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COBRA HAS BIG THIRD QUARTER; REPORTS NET INCOME OF $7.1M
Published October 20, 1994
Cobra Golf Inc. reported a net income of $7.1M for the quarter ended September 30, an increase of 355% from the same period last year. The company's net sales increased by 176% from last year to $35.1M. The company says the increase in net sales is due to continued demand for its full set of oversized golf clubs -- the King Cobra, Lady Cobra Oversize, and Senior King Cobra. The company's primary focus is on oversize and graphite shafted clubs marketed under the King Cobra brand name (Cobra). Cobra was +2 3/8 yesterday.