000-53722
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04-2621506
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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99 High
Street, Boston, MA
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02110
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Exhibit Number
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Exhibit Description
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Press release
dated May 3, 2018 of Zoom Telephonics, Inc. announcing its
financial results for the first quarter ended March 31,
2018.
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ZOOM TELEPHONICS,
INC.
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|
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Date:
May 4,
2018
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By:
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/s/
Frank
Manning
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Frank Manning |
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President and Chief Executive Officer and Acting Chief Financial Officer |
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Exhibit Number
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Exhibit Description
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Press release
dated May 3, 2018 of Zoom Telephonics, Inc. announcing its
financial results for the first quarter ended March 31,
2018.
|
(in thousands except for percentages)
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3/31/2018
|
12/31/2017
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% Changed
|
Cash
|
$423
|
$229
|
84.6%
|
Total Current
Assets
|
$9,212
|
$8,239
|
11.8%
|
Total
Assets
|
$9,726
|
$8,793
|
10.6%
|
Total Current
Liabilities
|
$6,009
|
$5,621
|
6.9%
|
Working
Capital
|
$3,203
|
$2,618
|
22.3%
|
Stockholders’
Equity
|
$3,717
|
$3,172
|
17.2%
|
|
Three Months Ended
|
|
|
3/31/18
|
3/31/17
|
|
|
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Net sales
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$8,337
|
$5,146
|
Cost of goods sold
|
5,056
|
3,412
|
|
|
|
Gross
profit
|
3,281
|
1,734
|
|
|
|
Operating expenses:
|
|
|
Selling
|
2,055
|
1,847
|
General
and administrative
|
448
|
431
|
Research
and development
|
410
|
508
|
Total
operating expenses
|
2,913
|
2,786
|
|
|
|
Operating profit (loss)
|
368
|
(1,052)
|
|
|
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Other income (expense), net
|
(6)
|
(37)
|
|
|
|
Income (loss) before income taxes
|
362
|
(1,089)
|
|
|
|
Income tax expense (benefit)
|
3
|
––
|
|
|
|
Net
income (loss)
|
$359
|
$(1,089)
|
|
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|
Earnings (loss) per share:
|
|
|
Basic
Earnings (loss) per share
|
$0.02
|
$(0.07)
|
Diluted
Earnings (loss) per share
|
$0.02
|
$(0.07)
|
|
|
|
|
|
|
Weighted average number of shares outstanding:
|
|
|
Basic
|
15,727
|
14,782
|
Diluted
|
16,511
|
14,782
|
|
03/31/18
|
12/31/17
|
|
|
|
ASSETS
|
|
|
|
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Current assets:
|
|
|
|
|
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Cash
|
$423
|
$229
|
Accounts
receivable, net
|
2,344
|
2,230
|
Inventories,
net
|
5,380
|
5,202
|
Prepaid
expenses and other
|
1,065
|
578
|
|
|
|
Total
current assets
|
9,212
|
8,239
|
|
|
|
Property and equipment, net
|
152
|
162
|
|
|
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Other assets
|
362
|
392
|
|
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Total
assets
|
$9,726
|
$8,793
|
|
|
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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|
|
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Current liabilities:
|
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Bank
debt
|
$50
|
$90
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Accounts
payable
|
3,759
|
3,527
|
Accrued
sales tax
|
950
|
831
|
Accrued
other expenses
|
1,250
|
1,173
|
|
|
|
Total
current liabilities
|
6,009
|
5,621
|
|
|
|
Total
liabilities
|
6,009
|
5,621
|
|
|
|
Stockholders’ equity:
|
|
|
|
|
|
Common
stock and additional paid-in capital
|
40,604
|
40,418
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Retained
earnings (accumulated deficit)
|
(36,887)
|
(37,246)
|
|
|
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Total
stockholders’ equity
|
3,717
|
3,172
|
|
|
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Total
liabilities and stockholders’ equity
|
$9,726
|
$8,793
|
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