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
November 1, 2018 of Zoom Telephonics, Inc. announcing its financial
results for the third quarter ended September 30,
2018.
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ZOOM TELEPHONICS,
INC.
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Date:
November 1,2018
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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
August 2, 2018 of Zoom Telephonics, Inc. announcing its financial
results for the second quarter ended September 30,
2018.
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(in thousands except for percentages)
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9/30/2018
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12/31/2017
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% Change
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Cash
|
$238
|
$229
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3.9%
|
Total Current
Assets
|
$11,619
|
$8,239
|
41.0%
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Total
Assets
|
$12,129
|
$8,793
|
37.9%
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Total Current
Liabilities
|
$7,604
|
$5,621
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35.3%
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Working
Capital
|
$4,015
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$2,618
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53.4%
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Stockholders’
Equity
|
$4,525
|
$3,172
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42.7%
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|
Three Months Ended
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Nine Months Ended
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||
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9/30/18
|
9/30/17
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9/30/18
|
9/30/17
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|
|
|
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Net sales
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$9,000
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$8,582
|
$24,859
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$20,556
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Cost of goods sold
|
5,727
|
5,516
|
15,572
|
13,561
|
|
|
|
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|
Gross
profit
|
3,273
|
3,066
|
9,287
|
6,995
|
|
|
|
|
|
Operating expenses:
|
|
|
|
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Selling
|
2,033
|
1,813
|
6,210
|
5,341
|
General
and administrative
|
438
|
383
|
1,060
|
1,154
|
Research
and development
|
420
|
457
|
1,199
|
1,368
|
Total
operating expenses
|
2,891
|
2,653
|
8,469
|
7,863
|
|
|
|
|
|
Operating
income (loss)
|
382
|
413
|
818
|
(868)
|
|
|
|
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Other income (expense), net
|
(33)
|
(31)
|
(45)
|
(98)
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|
|
|
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Income
(loss) before income taxes
|
349
|
382
|
773
|
(966)
|
|
|
|
|
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Income tax expense (benefit)
|
3
|
5
|
21
|
14
|
|
|
|
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|
Net
income (loss)
|
$346
|
$377
|
$752
|
$(980)
|
|
|
|
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Earnings (loss) per share:
|
|
|
|
|
|
|
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Basic
Earnings (loss) per share
|
$0.02
|
$0.03
|
$0.05
|
$(0.07)
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Diluted
Earnings (loss) per share
|
$0.02
|
$0.02
|
$0.05
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$(0.07)
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|
|
|
|
|
|
|
|
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Weighted average number of shares outstanding:
|
|
|
|
|
|
|
|
|
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Basic
|
16,051
|
14,953
|
15,905
|
14,851
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Diluted
|
16,776
|
16,419
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16,630
|
14,851
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|
09/30/18
|
12/31/17
|
|
|
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ASSETS
|
|
|
|
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Current assets:
|
|
|
|
|
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Cash
|
$238
|
$229
|
Accounts
receivable, net
|
4,400
|
2,230
|
Inventories,
net
|
6,301
|
5,202
|
Prepaid
expenses and other
|
680
|
578
|
|
|
|
Total
current assets
|
11,619
|
8,239
|
|
|
|
Property and equipment, net
|
269
|
162
|
|
|
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Other assets
|
241
|
392
|
|
|
|
Total
assets
|
$12,129
|
$8,793
|
|
|
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LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
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Current liabilities:
|
|
|
Bank
debt
|
$1,950
|
$90
|
Accounts
payable
|
3,530
|
3,527
|
Accrued
sales tax
|
241
|
831
|
Accrued
other expenses
|
1,883
|
1,173
|
|
|
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Total
current liabilities
|
7,604
|
5,621
|
|
|
|
Total
liabilities
|
7,604
|
5,621
|
|
|
|
Stockholders’ equity:
|
|
|
|
|
|
Common
stock and additional paid-in capital
|
41,019
|
40,418
|
Retained
earnings (accumulated deficit)
|
(36,494)
|
(37,246)
|
|
|
|
Total
stockholders’ equity
|
4,525
|
3,172
|
|
|
|
Total
liabilities and stockholders’ equity
|
$12,129
|
$8,793
|
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