Zoom Reports Results
For Third Quarter Ending 9/30/98
October 26, 1998 - Zoom Telephonics, Inc. (NASDAQ: ZOOM),
a leading manufacturer of faxmodems and other data communications
products, today reported sales of $14.5 million for its third
quarter ending September 30, 1998, up 11.2% from $13.1 million
for the third quarter of 1997. Sales for the first nine months
of 1998 were $45.3 million, up 5.4% from $43.0 million for
the same period in 1997.
Zoom reported a net loss
for the third quarter of 1998 of $1.2 million or $.15 per
share, versus a net loss of $2.2 million or $.29 per share
for the third quarter of 1997. For the first nine months of
1998, Zoom reported a net loss of $2.5 million or $.34 per
share, versus a net loss of $7.4 million or $.99 per share
for the same period of 1997.
The Company had strong
unit shipments of V.90 standard 56K modems in the third quarter
of 1998, contributing to a total modem unit shipments increase
of 19% versus the third quarter of 1997.
the third quarter of 1998 with a strong balance sheet, with
a current ratio of 6.0, cash of $18.7 million or $2.50 per
share, and stockholders' equity of $5.09 per share.
additional information please contact Investor Relations,
Zoom Telephonics, 207 South Street, Boston, Massachusetts,
02111, telephone (617)423-1072, fax (617)338-5015, e-mail
Zoom's World Wide Web site is www.zoomtel.com.
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