HomeAbout ZoomTechnical SupportPartnersWhere To BuyProductsContact UsSearch  
ZOOM Products
   

Zoom Telephonics Reports Results
for Fourth Quarter Ending 12/31/99

Boston, February 8, 2000 - Zoom Telephonics, Inc. (NASDAQ: ZOOM), a leading manufacturer of modems and other data communications products, today reported sales of $18.0 million for its fourth quarter ending December 31, 1999, up 14% from $16.0 million in the fourth quarter of 1998. The increase was primarily due to higher unit volume of analog modems coupled with stable average selling prices. Sales for the full year 1999 increased 3% to $63.4 million from $61.4 million in 1998.

Zoom reported a net loss of $95 thousand or $.01 per share for the fourth quarter of 1999, versus net income of $372 thousand or $.05 per share for the fourth quarter of 1998. For the full year 1999, Zoom reported a net loss of $1.4 million or $.19 per share, versus a net loss of $2.2 million or $.29 per share for 1998.

"The well-known challenges of the analog modem business over the past few years have forced many of Zoom's traditional competitors to leave the business or downsize, strengthening Zoom's market position," said Frank Manning, Zoom's President and CEO. "Reduced competition tends to stabilize prices and to open up new sales opportunities for our Zoom and Hayes brand products worldwide. We are particularly pleased with our international performance, including the performance of our Zoom/Hayes UK office, and with our improved position at retail in the USA. We are positioned to increase our market share in the analog modem business. In addition, we plan to be a major player in cable modems, DSL, wireless LAN, and home networking, and we believe that our strong modem marketing channels give us a unique advantage. We are financially strong, and we continue to make significant investments in the people, technology, and infrastructure needed to compete in these major growth markets later this year and beyond."

Zoom ended the quarter with a strong balance sheet, with a current ratio of 6.8, cash and investment securities of $10.4 million or $1.39 per share, and stockholders' equity of $5.00 per share.

For additional information, please contact:

Investor Relations,
Zoom Telephonics
207 South Street
Boston, Massachusetts 02111
telephone (617) 423-1072
e-mail address Investor@zoomtel.com.
Zoom's World Wide Web site is www.zoomtel.com

This press release contains certain forward-looking statements including, without limitation, statements relating to Zoom's potential and market share in the analog modem, cable modem, DSL, wireless LAN, and home networking markets, and the company's future performance. These forward-looking statements involve risks and uncertainties, including that there can be no assurance of future opportunities and performance, and other risks and uncertainties indicated from time to time in Zoom's filings with the Securities and Exchange Commission.
 

©2010 Zoom    Home | About Zoom | Technical Support | Partners | Where to Buy | Products | Contact Us | Search
  2006-04-20