Delaware | ||
(State or Other Jurisdiction of Incorporation) |
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) |
(617) 423-1072 | ||
(Registrant’s Telephone Number, Including Area Code)
|
(Former Name or Former Address, if Changed Since Last Report)
|
Item 2.02
|
Results of Operations and Financial Condition
|
Item 9.01
|
Financial Statements and Exhibits
|
|
(d)
|
Exhibits
|
Exhibit Number
|
Exhibit Description
|
|
99.1
|
Press release dated November 1, 2012 of Zoom Telephonics, Inc. announcing its financial results for the third quarter ended September 30, 2012.
|
ZOOM TELEPHONICS, INC.
|
|||
Dated: November 6, 2012
|
By:
|
/s/ Frank Manning | |
Frank Manning | |||
President& CEO and Acting Chief Financial Officer | |||
Exhibit Number
|
Exhibit Description
|
|
99.1
|
Press release dated November 1, 2012 of Zoom Telephonics, Inc. announcing its financial results for the third quarter ended September 30, 2012.
|
9/30/12
|
12/31/11
|
|||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash
|
$ | 178 | $ | 644 | ||||
Marketable securities
|
70 | 82 | ||||||
Accounts receivable, net
|
1,877 | 1,399 | ||||||
Inventories
|
3,142 | 2,723 | ||||||
Prepaid expenses and other
|
171 | 186 | ||||||
Total current assets
|
5,438 | 5,034 | ||||||
Property and equipment, net
|
31 | 20 | ||||||
Total assets
|
$ | 5,469 | $ | 5,054 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
Current liabilities:
|
||||||||
Bank debt
|
$ | 796 | $ | -- | ||||
Accounts payable
|
1,147 | 1,059 | ||||||
Accrued expenses
|
350 | 373 | ||||||
Total current liabilities
|
2,293 | 1,432 | ||||||
Total liabilities
|
2,293 | 1,432 | ||||||
Stockholders’ equity:
|
||||||||
Common stock and additional paid-in capital
|
33,969 | 33,935 | ||||||
Accumulated other comprehensive income (loss)
|
368 | 356 | ||||||
Unrealized gain (loss) on securities
|
(243 | ) | (231 | ) | ||||
Retained earnings (accumulated deficit)
|
(30,918 | ) | (30,438 | ) | ||||
Total stockholders’ equity
|
3,176 | 3,622 | ||||||
Total liabilities & stockholders’ equity
|
$ | 5,469 | $ | 5,054 |
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
9/30/12
|
9/30/11
|
9/30/12
|
9/30/11
|
|||||||||||||
Net sales
|
$ | 3,435 | $ | 3,047 | $ | 11,243 | $ | 9,021 | ||||||||
Cost of goods sold
|
2,576 | 2,288 | 8,475 | 6,705 | ||||||||||||
Gross profit
|
859 | 759 | 2,768 | 2,316 | ||||||||||||
Operating expenses:
|
||||||||||||||||
Selling
|
431 | 477 | 1,459 | 1,596 | ||||||||||||
General and administrative
|
295 | 310 | 908 | 917 | ||||||||||||
Research and development
|
267 | 236 | 849 | 747 | ||||||||||||
Total operating expenses
|
993 | 1,023 | 3,216 | 3,260 | ||||||||||||
Operating profit (loss)
|
(134 | ) | (264 | ) | (448 | ) | (944 | ) | ||||||||
Other income (expense), net
|
(20 | ) | (1 | ) | (29 | ) | 70 | |||||||||
Income (loss) before income taxes
|
(154 | ) | (265 | ) | (477 | ) | (874 | ) | ||||||||
Income tax expense (benefit)
|
1 | — | 3 | 1 | ||||||||||||
Net income (loss)
|
$ | (155 | ) | $ | (265 | ) | $ | (480 | ) | $ | (875 | ) | ||||
Earnings (loss) per share:
|
||||||||||||||||
Basic Earnings (loss) per share
|
$ | (0.02 | ) | $ | (0.05 | ) | $ | (0.07 | ) | $ | (0.16 | ) | ||||
Diluted Earnings (loss) per share
|
$ | (0.02 | ) | $ | (0.05 | ) | $ | (0.07 | ) | $ | (0.16 | ) | ||||
Weighted average number of shares outstanding:
|
||||||||||||||||
Basic
|
6,974 | 5,451 | 6,974 | 5,451 | ||||||||||||
Diluted
|
6,974 | 5,451 | 6,974 | 5,451 |