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Fourth Quarter 2001 Financial Data
ZOOM TELEPHONICS, INC
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Consolidated Statements of Income
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( 000's )
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(Unaudited)
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Three Months Ending
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Years Ending
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12/31/01 |
12/31/00 |
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12/31/01 |
12/31/00 |
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Net sales
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$ 10,301 |
$ 16,272 |
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$ 43,709 |
$ 59,750 |
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Cost of goods sold
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8,338
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11,078 |
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35,193 |
39,404
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Gross profit
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1,963
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5,194
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8,516
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20,346
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Operating expenses:
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Selling
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2,365
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3,379 |
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9,620
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12,714
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General and administrative
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3,367
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1,827 |
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7,938
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6,228
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Research and development
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1,173
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1,588 |
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5,328
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6,249
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Total operating expenses
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6,905 |
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6,794 |
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22,886 |
25,191 |
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Operating profit (loss)
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(4,942) |
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(1,600) |
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(14,370) |
(4,845) |
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Other income, net
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(25) |
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50 |
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(159) |
469 |
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Income (loss) before taxes
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(4,967) |
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(1,550) |
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(14,529) |
(4,376) |
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Income tax expense (benefit)
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0
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(401) |
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3,800
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(1,299) |
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Net income (loss)
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$ (4,967) |
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$ (1,149)
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$
(18,329) |
$
(3,077) |
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Earnings (loss) per share:
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Basic
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$
(0.63) |
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$
(0.15) |
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$
(2.33) |
$
(0.40) |
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Diluted
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$
(0.63) |
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$
(0.15) |
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$
(2.33) |
$
(0.40) |
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Average number of shares outstanding:
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Basic
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7,860 |
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7,860 |
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7,860 |
7,757 |
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Diluted
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7,860 |
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7,860 |
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7,860 |
7,757 |
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