Item 2.02. Results of Operations and Financial Condition.

On February 27, 2009, the Company released earnings information for the quarter and year ended December 31, 2008. A copy of the press release is attached hereto as Exhibit 99-1 and incorporated herein by reference. In the press release, the Company discloses adjusted pretax income and adjusted gross margin for the quarter and year ended December 31, 2008, which are considered "non-GAAP financial measures" under Securities and Exchange Commission rules. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the Company's financial statements. Management does not intend the presentation of non-GAAP financial measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP.

The press release contains a reconciliation of pretax loss on a GAAP basis to adjusted pretax income (loss) and a reconciliation of gross margin on a GAAP basis to adjusted gross margin. Management believes that the presentation of these measures, as adjusted, is useful to investors because it provides a means of evaluating the Company's operating performance and results from period to period on a comparable basis not otherwise apparent on a GAAP basis, since many one-time charges, including items that may not affect the Company's operations, do not meet the strict GAAP definition of unusual non-recurring items.

Item 9.01. Exhibits.

(d) The following is a list of the exhibits filed herewith.

Exhibit No. Description of Exhibit
99-1 Press release dated February 27, 2009 issued by Cobra Electronics Corporation

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