Second Quarter 2002 Financial Data
ZOOM TECHNOLOGIES, INC.
Consolidated Statements of Operations
In thousands, except per share amounts
(Unaudited)
Three Months Ending Six Months Ending
6/30/02 6/30/01 6/30/02 6/30/01
Net sales $ 9,207 $ 10,245 $ 18,181 $ 20,035
Cost of goods sold 7,225 8,091 14,422 17,966
Gross profit 1,982 2,154 3,759 2,069
Operating expenses:
Selling 1,492 1,812 3,155 3,799
General and
administrative 852 1,503 1,735 3,138
Research and
development 855 1,341 1,855 2,820
Total operating
expenses 3,199 4,656 6,745 9,757
Operating profit
(loss) (1,217) (2,502) (2,986) (7,688)
Other income
(expense), net 10 (128) 45 (157)
Income(loss) before
income taxes (1,207) (2,630) (2,941) (7,845)
Income tax expense
(benefit) - - 2,013 -
Income (loss) before
extraordinary gain (1,207) (2,630) (4,954) (7,845)
Extraordinary gain - - 255 -
Net income (loss) $ (1,207) $ (2,630) $ (4,699) $ (7,845)
Basic and diluted
earnings (loss)
per share:
Earnings (loss) per
share before
extraordinary gain $ (0.15) $ (0.33) $ (0.63) $ (1.00)
Extraordinary gain - - 0.03 -
Earnings (loss)
per share $ (0.15) $ (0.33) $ (0.60) $ (1.00)
Weighted average number
of shares outstanding:
Basic and diluted 7,861 7,861 7,861 7,861
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