Third Quarter 2002 Financial Data
ZOOM TECHNOLOGIES, INC.
Consolidated Statements of Operations
In thousands, except per share amounts
(Unaudited)
Three Months Nine Months
Ending Ending
9/30/02 9/30/01 9/30/02 9/30/01
Net sales $10,878 $11,719 $29,059 $31,991
Cost of goods sold 7,707 8,889 22,116 26,855
Gross profit 3,171 2,830 6,943 5,136
Operating expenses:
Selling 1,423 1,802 4,488 5,838
General and administrative 825 1,433 2,588 4,571
Research and development 879 1,335 2,810 4,155
Total operating expenses 3,127 4,570 9,886 14,564
Operating profit (loss) 44 (1,740) (2,943) (9,428)
Other income (expense), net 48 23 94 (134)
Income (loss) before income
taxes 92 (1,717) (2,849) (9,562)
Income tax expense (benefit) - 3,800 2,013 3,800
Income (loss) before
extraordinary gain 92 (5,517) (4,862) (13,362)
Extraordinary gain - - 255 -
Net income (loss) $92 $(5,517) $(4,607) $(13,362)
Basic earnings (loss) per share:
Earnings (loss) per share
before extraordinary
gain $0.01 $(0.70) $(0.62) $(1.70)
Extraordinary gain - - 0.03 -
Earnings (loss) per share $0.01 $(0.70) $(0.59) $(1.70)
Diluted earnings (loss) per
share:
Earnings (loss) per share
before extraordinary
gain $0.01 $(0.70) $(0.62) $(1.70)
Extraordinary gain - - 0.03 -
Earnings (loss) per share $0.01 $(0.70) $(0.59) $(1.70)
Weighted average number of
shares outstanding:
Basic 7,861 7,861 7,861 7,861
Diluted 7,862 7,861 7,875 7,861
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