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) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Exhibit Number
|
Exhibit Description
|
|
Press release dated July 31, 2013 of Zoom Telephonics, Inc. announcing its financial results for the second quarter ended June 30, 2013.
|
ZOOM TELEPHONICS, INC.
|
|||
Dated: August 5, 2013
|
By:
|
/s/ Frank Manning | |
Frank Manning | |||
President& CEO and Acting Chief Financial Officer | |||
Exhibit Number
|
Exhibit Description
|
|
Press release dated July 31, 2013 of Zoom Telephonics, Inc. announcing its financial results for the second quarter ended June 30, 2013.
|
|
06/30/13
|
12/31/12
|
||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash
|
$ | 44 | $ | 196 | ||||
Marketable securities
|
33 | 44 | ||||||
Accounts receivable, net
|
1,896 | 1,966 | ||||||
Inventories
|
2,150 | 2,630 | ||||||
Prepaid expenses and other
|
247 | 262 | ||||||
Total current assets
|
4,370 | 5,098 | ||||||
Property and equipment, net
|
52 | 26 | ||||||
Total assets
|
$ | 4,422 | $ | 5,124 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
Current liabilities:
|
||||||||
Bank debt
|
$ | 742 | $ | 911 | ||||
Accounts payable
|
771 | 931 | ||||||
Accrued expenses
|
289 | 380 | ||||||
Total current liabilities
|
1,802 | 2,222 | ||||||
Total liabilities
|
1,802 | 2,222 | ||||||
Stockholders’ equity:
|
||||||||
Common stock and additional paid-in capital
|
33,995 | 33,974 | ||||||
Accumulated other comprehensive income (loss)
|
360 | 368 | ||||||
Unrealized gain (loss) on securities
|
(280 | ) | (269 | ) | ||||
Retained earnings (accumulated deficit)
|
(31,455 | ) | (31,171 | ) | ||||
Total stockholders’ equity
|
2,620 | 2,902 | ||||||
Total liabilities & stockholders’ equity
|
$ | 4,422 | $ | 5,124 |
Three Months Ended
|
Six Months Ended
|
|||||||||||||||
6/30/13
|
6/30/12
|
6/30/13
|
6/30/12
|
|||||||||||||
Net sales
|
$ | 2,999 | $ | 3,831 | $ | 5,817 | $ | 7,809 | ||||||||
Cost of goods sold
|
1,965 | 2,911 | 4,079 | 5,900 | ||||||||||||
Gross profit
|
1,034 | 920 | 1,738 | 1,909 | ||||||||||||
Operating expenses:
|
||||||||||||||||
Selling
|
400 | 501 | 823 | 1,027 | ||||||||||||
General and administrative
|
354 | 299 | 694 | 614 | ||||||||||||
Research and development
|
214 | 321 | 472 | 582 | ||||||||||||
Total operating expenses
|
968 | 1,121 | 1,989 | 2,223 | ||||||||||||
Operating profit (loss)
|
66 | (201 | ) | (251 | ) | (314 | ) | |||||||||
Other income (expense), net
|
(16 | ) | (9 | ) | (32 | ) | (9 | ) | ||||||||
Income (loss) before income taxes
|
50 | (210 | ) | (283 | ) | (323 | ) | |||||||||
Income tax expense (benefit)
|
1 | 1 | 1 | 2 | ||||||||||||
Net income (loss)
|
$ | 49 | $ | (211 | ) | $ | (284 | ) | $ | (325 | ) | |||||
Earnings (loss) per share:
|
||||||||||||||||
Basic Earnings (loss) per share
|
$ | 0.01 | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.05 | ) | |||||
Diluted Earnings (loss) per share
|
$ | 0.01 | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.05 | ) | |||||
Weighted average number of shares outstanding:
|
||||||||||||||||
Basic
|
6,974 | 6,974 | 6,974 | 6,974 | ||||||||||||
Diluted
|
6,974 | 6,974 | 6,974 | 6,974 |