Fourth Quarter 1996
Consolidated Statements of Income
|
ZOOM TELEPHONICS, INC. |
|
Consolidated Statements of Income |
|
( 000's except for per share amounts ) |
|
(Unaudited) |
|
|
Three Months Ending |
|
Year Ending |
|
12/31/96 |
12/31/95 |
|
12/31/96 |
12/31/95 |
|
| Net sales |
|
$ 25,817 |
$ 36,005 |
|
$ 100,195 |
$ 96,997 |
| Cost of goods sold |
|
20,828 |
27,577 |
|
79,803 |
73,401 |
|
|
Gross profit |
|
4,989 |
8,428 |
|
20,392 |
23,596 |
|
| Operating expenses: |
|
|
|
|
|
|
|
Selling |
|
3,359 |
2,843 |
|
10,216 |
9,023 |
|
General and administrative |
|
1,053 |
1,064 |
|
3,674 |
2,840 |
|
Research and development |
|
995 |
602 |
|
2,940 |
1,836 |
|
|
Total operating expenses |
|
5,407 |
4,509 |
|
16,830 |
13,699 |
|
|
Operating (loss) profit |
|
(418) |
3,919 |
|
3,562 |
9,897 |
|
| Net interest income (expense) |
|
164 |
(115) |
|
293 |
(33) |
|
|
Income (loss) before taxes |
|
(254) |
3,804 |
|
3,855 |
9,864 |
|
| Income tax expense (benefit) |
|
(11) |
1,485 |
|
1,375 |
3,800 |
|
|
Net income (loss) |
|
$ (243) |
$ 2,319 |
|
$ 2,480 |
$ 6,064 |
|
|
|
| Earnings (loss) per share: |
|
|
Primary |
|
$ (0.03) |
$ 0.37 |
|
$ 0.35 |
$ 0.99 |
|
|
Fully diluted |
|
$ (0.03) |
$ 0.36 |
|
$ 0.35 |
$ 0.98 |
|
|
|
| Average number of shares outstanding:
|
|
|
Primary |
|
7,476 |
6,310 |
|
7,162 |
6,126 |
|
|
Fully diluted |
|
7,476 |
6,364 |
|
7,162 |
6,173 |
|
