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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125 Franklin
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 4, 2019 of Zoom Telephonics, Inc. announcing its financial
results for the quarter ended September 30, 2019.
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ZOOM TELEPHONICS,
INC.
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Date:
November 4, 2019
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By:
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/s/
Frank
Manning
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Frank
Manning
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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
November 4, 2019 of Zoom Telephonics, Inc. announcing its financial
results for the quarter ended September 30, 2019.
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Three Months Ended
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Nine Months Ended
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||
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9/30/19
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9/30/18
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9/30/19
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9/30/18
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Net sales
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$10,874
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$9,000
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$27,043
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$24,859
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Cost of goods sold
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7,747
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5,727
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18,729
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15,572
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Gross
profit
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3,127
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3,273
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8,314
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9,287
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Operating expenses:
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Selling
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2,068
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2,033
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7,069
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6,210
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General
and administrative
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733
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438
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1,858
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1,060
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Research
and development
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564
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420
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1,484
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1,199
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Total
operating expenses
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3,365
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2,891
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10,411
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8,469
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Operating
income (loss)
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(238)
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382
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(2,097)
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818
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Other income (expense), net
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42
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(33)
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(5)
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(45)
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Income
(loss) before income taxes
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(196)
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349
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(2,102)
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773
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Income tax expense (benefit)
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4
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3
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24
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21
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Net
income (loss)
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$(200)
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$346
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$(2,126)
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$752
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Earnings (loss) per share:
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Basic
Earnings (loss) per share
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$(0.01)
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$0.02
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$(0.11)
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$0.05
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Diluted
Earnings (loss) per share
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$(0.01)
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$0.02
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$(0.11)
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$0.05
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Weighted average number of shares outstanding:
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Basic
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20,832
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16,051
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18,696
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15,905
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Diluted
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20,832
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16,776
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18,696
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16,630
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09/30/19
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12/31/18
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ASSETS
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Current assets:
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Cash
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$2,280
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$126
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Accounts
receivable, net
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4,747
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2,761
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Inventories,
net
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6,342
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7,928
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Prepaid
expenses and other
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385
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918
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Total
current assets
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13,754
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11,733
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Property and equipment, net
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284
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261
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Operating lease right-of-use assets
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127
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Other assets
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203
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222
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Total
assets
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$14,368
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$12,216
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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Current liabilities:
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Bank
debt
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$––
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$1,741
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Accounts
payable
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4,361
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4,369
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Operating
lease liabilities
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101
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––
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Accrued
other expenses
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2,707
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2,011
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Total
current liabilities
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7,169
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8,340
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Long-term
operating leases
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26
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––
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Total
liabilities
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7,195
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8,340
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Stockholders’ equity:
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Common
stock and additional paid-in capital
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46,620
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41,197
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Retained
earnings (accumulated deficit)
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(39,447)
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(37,321)
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Total
stockholders’ equity
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7,173
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3,876
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Total
liabilities and stockholders’ equity
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$14,368
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$12,216
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