Zoom Telephonics Reports Results
for Fourth Quarter Ending 12/31/99
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.
additional information, please contact:
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