000-53722 | 04-2621506 | |
(Commission File Number) | (I.R.S. Employer Identification No.) |
207 South Street, Boston, MA | 02111 | |
(Address of Principal Executive Offices) | (Zip Code) |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02
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Results of Operations and Financial Condition
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Item 9.01
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Financial Statements and Exhibits
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(d)
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Exhibits
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Exhibit Number
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Exhibit Description
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Press release dated August 1, 2012 of Zoom Telephonics, Inc. announcing its financial results for the second quarter ended June 30, 2012.
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Dated: August 2, 2012 |
ZOOM TELEPHONICS, INC.
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By:
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/s/ Frank Manning | ||
Frank Manning, President& CEO and Acting Chief Financial Officer | |||
Title | |||
Exhibit Number
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Exhibit Description
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Press release dated August 1, 2012 of Zoom Telephonics, Inc. announcing its financial results for the second quarter ended June 30, 2012.
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6/30/12
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12/31/11
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ASSETS
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||||||||
Current assets:
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||||||||
Cash
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$ | 63 | $ | 644 | ||||
Marketable securities
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83 | 82 | ||||||
Accounts receivable, net
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1,897 | 1,399 | ||||||
Inventories
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2,821 | 2,723 | ||||||
Prepaid expenses and other
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162 | 186 | ||||||
Total current assets
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5,026 | 5,034 | ||||||
Property and equipment, net
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28 | 20 | ||||||
Total assets
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$ | 5,054 | $ | 5,054 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
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||||||||
Current liabilities:
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||||||||
Bank debt
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$ | 526 | $ | -- | ||||
Accounts payable
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868 | 1,059 | ||||||
Accrued expenses
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331 | 373 | ||||||
Total current liabilities
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1,725 | 1,432 | ||||||
Total liabilities
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1,725 | 1,432 | ||||||
Stockholders’ equity:
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||||||||
Common stock and additional paid-in capital
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33,961 | 33,935 | ||||||
Accumulated other comprehensive income (loss)
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361 | 356 | ||||||
Unrealized gain (loss) on securities
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(230 | ) | (231 | ) | ||||
Retained earnings (accumulated deficit)
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(30,763 | ) | (30,438 | ) | ||||
Total stockholders’ equity
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3,329 | 3,622 | ||||||
Total liabilities & stockholders’ equity
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$ | 5,054 | $ | 5,054 |
Three Months Ended
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Six Months Ended
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|||||||||||||||
6/30/12
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6/30/11
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6/30/12
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6/30/11
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|||||||||||||
Net sales
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$ | 3,831 | $ | 3,166 | $ | 7,809 | $ | 5,974 | ||||||||
Cost of goods sold
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2,911 | 2,417 | 5,900 | 4,417 | ||||||||||||
Gross profit
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920 | 749 | 1,909 | 1,557 | ||||||||||||
Operating expenses:
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||||||||||||||||
Selling
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501 | 582 | 1,027 | 1,119 | ||||||||||||
General and administrative
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299 | 290 | 614 | 607 | ||||||||||||
Research and development
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321 | 274 | 582 | 512 | ||||||||||||
Total operating expenses
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1,121 | 1,146 | 2,223 | 2,238 | ||||||||||||
Operating profit (loss)
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(201 | ) | (397 | ) | (314 | ) | (681 | ) | ||||||||
Other income (expense), net
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(9 | ) | 72 | (9 | ) | 71 | ||||||||||
Income (loss) before income taxes
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(210 | ) | (325 | ) | (323 | ) | (610 | ) | ||||||||
Income tax expense (benefit)
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1 | 1 | 2 | 1 | ||||||||||||
Net income (loss)
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$ | (211 | ) | $ | (326 | ) | $ | (325 | ) | $ | (611 | ) | ||||
Earnings (loss) per share:
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||||||||||||||||
Basic Earnings (loss) per share
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$ | (0.03 | ) | $ | (0.06 | ) | $ | (0.05 | ) | $ | (0.11 | ) | ||||
Diluted Earnings (loss) per share
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$ | (0.03 | ) | $ | (0.06 | ) | $ | (0.05 | ) | $ | (0.11 | ) | ||||
Weighted average number of shares outstanding:
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||||||||||||||||
Basic
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6,974 | 5,451 | 6,974 | 5,451 | ||||||||||||
Diluted
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6,974 | 5,451 | 6,974 | 5,451 | ||||||||||||
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