Second Quarter 1997 Financial Data
ZOOM TELEPHONICS, INC.
Consolidated Balance Sheets
( 000's )
JUN 30, DEC 31,
1997 1996
(Unaudited) (Audited)
============================================================
Assets
Current assets:
Cash $ 13,589 $ 9,172
Accounts receivable, net 8,186 18,970
Inventories 13,207 19,058
Recoverable income taxes 3,445 1,219
Deferred income taxes 2,030 2,033
Prepaid expenses and other 275 532
------------------------------------------------------------
Total current assets 40,732 50,984
Property and equipment, net 4,141 4,081
Other non-current assets 1,614 1,717
------------------------------------------------------------
$ 46,487 $ 56,782
============================================================
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 2,889 $ 8,074
Accrued expenses 977 1,353
Other current liabilities 252 -
------------------------------------------------------------
Total current liabilities 4,118 9,427
------------------------------------------------------------
Stockholders' equity:
Common stock 25,173 24,890
Retained earnings 17,196 22,465
------------------------------------------------------------
Total stockholders' equity 42,369 47,355
------------------------------------------------------------
$ 46,487 $ 56,782
============================================================
|
