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Third Quarter 1998 Financial Data
ZOOM TELEPHONICS, INC
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Consolidated Statements of Income
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( 000's except for per share amounts )
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(Unaudited)
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Three Months Ending
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Nine Months Ending
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9/30/98
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9/30/97
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9/30/98
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9/30/97
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Net sales
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$14,466
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$13,011
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$45,339
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$42,999
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Cost of goods sold
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11,168
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11,575
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34,755
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40,785
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Gross profit
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3,298
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1,436
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10,584
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2,214
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Operating expenses:
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Selling
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2,957
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2,892
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8,636
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7,870
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General and administrative
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1,322
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1,257
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3,562
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3,655
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Research and development
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1,210
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855
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3,237
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3,097
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Total operating expenses
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5,489
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5,004
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15,435
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14,622
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Operating profit
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(2,191)
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(3,568)
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(4,851)
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(12,408)
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Net interest income (expense)
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364
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148
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845
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627
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Income before taxes on income
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(1,827)
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(3,420)
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(4,006)
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(11,781)
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Taxes on income
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(676)
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(1,266)
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(1,482)
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(4,358)
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Net income
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$ (1,151)
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$ (2,154)
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$ (2,524)
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$ (7,423)
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Earnings per share:
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Basic
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$ (0.15)
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$ (0.29)
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$ (0.34)
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$ (0.99)
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Diluted
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$ (0.15)
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$ (0.29)
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$ (0.34)
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$ (0.99)
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Average number of shares outstanding:
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Basic
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7,475
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7,472
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7,475
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7,465
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Diluted
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7,475
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7,472
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7,475
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7,465
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