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First Quarter 1999 Financial Data
ZOOM TELEPHONICS, INC.
|
| Consolidated Statements
of Income |
| ( 000's ) |
| (Unaudited) |
|
|
|
Three Months Ending |
|
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3/31/99 |
3/31/98 |
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| Net sales |
|
$ |
11,387 |
$ |
18,759 |
|
| Cost of goods sold |
|
|
7,326 |
|
13,558 |
|
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Gross profit |
|
4,061 |
|
5,201 |
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| Operating expenses: |
|
Selling |
|
|
2,499 |
|
2,844 |
|
|
|
General and administrative |
1,375 |
|
1,266 |
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Research and development |
1,504 |
|
968 |
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Total operating expenses |
5,378 |
|
5,078 |
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Operating profit (loss) |
(1,317) |
|
123 |
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| Other income, net |
|
|
278 |
|
200 |
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Income (loss) before taxes |
(1,039) |
|
323 |
|
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| Taxes on income |
|
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(349) |
|
123 |
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Net income (loss) |
$ |
(690) |
$ |
200 |
|
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| Earnings (loss) per share: |
|
|
Basic |
|
$ |
(0.09) |
$ |
0.03 |
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Diluted |
|
$ |
(0.09) |
$ |
0.03 |
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| Average number of shares
outstanding: |
|
|
Basic |
|
|
7,475 |
|
7,473 |
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Diluted |
|
|
7,475 |
|
7,484 |
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