Printer Friendly

ZOOM TELEPHONICS REPORTS THIRD QUARTER RESULTS

 ZOOM TELEPHONICS REPORTS THIRD QUARTER RESULTS
 BOSTON, Oct. 30 /PRNewswire/ -- Zoom Telephonics, Inc.


(NASDAQ-NMS: ZOOMF) today announced record sales and earnings for its third quarter.
 ZOOM TELEPHONICS, INC.
 Financial Table
 (U.S. $)
 Third Quarter Earnings Nine Month Earnings
 9/30/92 9/30/91 9/30/92 9/30/91
 Sales $11,156,939 $7,587,624 $29,699,245 $17,559,811
 Net income 1,030,210 662,133 2,585,126 1,639,458
 Share earnings 18 cents 12 cents 45 cents 29 cents
 Zoom, which ranked fifth in Forbes' Nov. 9, 1992 list of the "200 Best Small Companies In America," said the strong results were due primarily to increased sales, both to its existing accounts and to new accounts, including Tech Data and Radio Shack.
 Zoom's third quarter sales of $11,156,939 were 47 percent higher than the prior year's quarter and 11 percent above Zoom's previous high in the second quarter of 1992. Net income of $1,030,210 was 56 percent higher than the prior year's quarter and 13 percent above the second quarter of 1992. Gross margin was 28.0 percent for the third quarter and 27.9 percent for the first nine months of 1992. Operating expenses were $1,406,211 or 12.6 percent of sales for the quarter, and $4,005,938 or 13.5 percent of sales for the nine months.
 Zoom noted that cash declined from $1,125,369 to $605,210 and bank debt increased from $500,000 to $1,635,000 due primarily to increases in accounts receivable and inventory. Accounts receivable increased from $3,982,514 to $5,092,129 reflecting increasing sales. Inventory increased from $8,503,453 to $9,205,482. Zoom's current ratio improved from 2.26 to 2.45 during the quarter, as accounts payable declined from $5,146,910 to $3,311,399.
 The Zoom/Faxmodem V.32 bis, Zoom's highest speed faxmodem, and Zoom's AFC and AFX, Zoom's lowest cost faxmodems, were chosen Best Buys by Consumer Guide in its recently released Computer Buying Guide, demonstrating Zoom's continuing success at meeting its commitment to provide value to its customers in all segments of the modem market.
 Zoom noted that in October it began shipping faxmodems for some models of Compaq's Prolinea line. Frank Manning, Zoom's president stated: "Compaq is extremely quality and value conscious, so Zoom is proud to be a qualified Compaq supplier."
 For additional information please contact Zoom Telephonics, 207 South Street, Boston, MA 02111, telephone 617-423-1072.
 -0- 10/30/92
 /CONTACT: Frank Manning of Zoom Telephonics, 617-423-1072/
 (ZOOMF) CO: Zoom Telephonics ST: Massachusetts IN: TLS SU: ERN


CH -- NE011 -- 7172 10/30/92 14:01 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 30, 1992
Words:451
Previous Article:STERLING FINANCIAL CORP. BECOMES HOLDING COMPANY FOR STERLING SAVINGS ASSOCIATION
Next Article:PFIZER COMPLETES SALE OF MAJORITY OF MINERALS TECHNOLOGIES INC. STOCK
Topics:


Related Articles
ZOOM TELEPHONICS ANNOUNCES RECORD SALES AND EARNINGS FOR FIRST QUARTER
ZOOM TELEPHONICS ANNOUNCES SUPPORT OF MICROSOFT AT WORK ARCHITECTURE
ZOOM TELEPHONICS ANNOUNCES FOURTH QUARTER, FISCAL YEAR EARNINGS
ZOOM TELEPHONICS TO SHIP CELLULAR-READY PCMCIA FAXMODEMS IN MAY
ZOOM TELEPHONICS ANNOUNCES RECORD SALES AND EARNINGS
ZOOM ANNOUNCES 14,400 BPS FAXMODEM PRICE DROP
ZOOM TELEPHONICS COMMENTS ON PROJECTED THIRD QUARTER SALES
ZOOM TELEPHONICS ANNOUNCES RESULTS FOR THE QUARTER ENDING SEPT. 30, 1994
ZOOM BREAKS NEW GROUND IN PC MODEMS
ZOOM TELEPHONICS FIRST QUARTER SALES REACH RECORD $20.34 MILLION Third Consecutive Quarter Of Higher Sales, Earnings, Gross Margins

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters