000-53722
|
|
04-2621506
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(Commission File
Number)
|
|
(I.R.S. Employer
Identification No.)
|
99 High Street,
Boston, MA
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|
02110
|
(Address of
Principal Executive Offices)
|
|
(Zip
Code)
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Exhibit
Number
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|
Title
|
|
Press Release
issued by Zoom Telephonics, Inc., dated March 2, 2017.
|
|
ZOOM TELEPHONICS,
INC.
|
|
|
|
|
|
|
Dated: May 2,
2017
|
By:
|
/s/ Frank
Manning
|
|
|
|
Frank
Manning
|
|
|
|
President and Chief
Executive Officer
|
|
|
3/31/17
|
12/31/16
|
|
|
|
ASSETS
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
Cash
|
$99
|
$180
|
Accounts
receivable, net
|
2,106
|
2,498
|
Inventories,
net
|
4,680
|
4,927
|
Prepaid
expenses and other
|
189
|
652
|
|
|
|
Total
current assets
|
7,074
|
8,257
|
|
|
|
Property and equipment, net
|
152
|
176
|
|
|
|
Other assets
|
557
|
589
|
|
|
|
Total
assets
|
$7,783
|
$9,022
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
Bank
debt
|
$1,546
|
$1,307
|
Accounts
payable
|
1,914
|
2,502
|
Accrued
expenses
|
1,129
|
1,052
|
|
|
|
Total
current liabilities
|
4,589
|
4,861
|
|
|
|
Total
liabilities
|
4,589
|
4,861
|
|
|
|
Stockholders’ equity:
|
|
|
|
|
|
Common
stock and additional paid-in capital
|
40,162
|
40,041
|
|
|
|
Retained
earnings (accumulated deficit)
|
(36,968)
|
(35,880)
|
|
|
|
Total
stockholders’ equity
|
3,194
|
4,161
|
|
|
|
Total
liabilities and stockholders’ equity
|
$7,783
|
$9,022
|
|
Three Months Ended
|
|
|
3/31/17
|
3/31/16
|
|
|
|
Net sales
|
$5,146
|
$2,721
|
Cost of goods sold
|
3,412
|
1,887
|
|
|
|
Gross
profit
|
1,734
|
834
|
|
|
|
Operating expenses:
|
|
|
Selling
|
1,847
|
746
|
General
and administrative
|
431
|
469
|
Research
and development
|
508
|
347
|
Total
operating expenses
|
2,786
|
1,562
|
|
|
|
Operating profit (loss)
|
(1,052)
|
(728)
|
|
|
|
Other income (expense), net
|
(37)
|
––
|
|
|
|
Income (loss) before income taxes
|
(1,089)
|
(728)
|
|
|
|
Income tax expense (benefit)
|
––
|
––
|
|
|
|
Net
income (loss)
|
$(1,089)
|
$(728)
|
|
|
|
Earnings (loss) per share:
|
|
|
Basic
Earnings (loss) per share
|
$(0.07)
|
$(0.05)
|
Diluted
Earnings (loss) per share
|
$(0.07)
|
$(0.05)
|
|
|
|
|
|
|
Weighted average number of shares outstanding:
|
|
|
Basic
|
14,782
|
13,568
|
Diluted
|
14,782
|
13,568
|
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