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 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
February 27, 2020 of Zoom Telephonics, Inc. announcing its
financial results for the year ended December 31,
2019.
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ZOOM TELEPHONICS,
INC.
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Date: March 2,
2020
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By:
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/s/
Joseph
L Wytanis
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Joseph
Wytanis
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Chief Executive
Officer
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Exhibit
Number
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Exhibit
Description
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Press release dated
February 27, 2020 of Zoom Telephonics, Inc. announcing its
financial results for the year ended December 31,
2019.
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Date/Time:
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Friday,
February 28, 2020 – 10:00 a.m. ET
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Participant
Dial-In Numbers:
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(United States):
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866-393-7958
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(International):
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706-643-5255
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Conference ID
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7762499
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Three
Months Ended
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Twelve
Months Ended
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||
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12/31/19
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12/31/18
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12/31/19
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12/31/18
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Net sales
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$10,571
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$7,464
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$37,614
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$32,323
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Cost of goods sold
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7,979
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5,107
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26,708
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20,679
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Gross
profit
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2,592
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2,357
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10,906
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11,644
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Operating expenses:
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Selling
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2,154
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1,961
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9,223
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8,171
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General
and administrative
|
809
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589
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2,667
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1,648
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Research
and development
|
753
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573
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2,237
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1,772
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Total
operating expenses
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3,716
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3,123
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14,127
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11,591
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Operating
profit (loss)
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(1,124)
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(766)
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(3,221)
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53
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|
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Other income (expense), net
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(18)
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(56)
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(23)
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(101)
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Income
(loss) before income taxes
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(1,142)
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(822)
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(3,244)
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(48)
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Income tax expense
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8
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4
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32
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26
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Net
income (loss)
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$(1,150)
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$(826)
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$(3,276)
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$(74)
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Earnings (loss) per share:
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Basic
and Diluted Earnings (loss) per share
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$(0.06)
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$(0.05)
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$(0.18)
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$(0.00)
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Weighted average number of shares outstanding:
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Basic
and Diluted
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20,893
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16,109
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18,051
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15,957
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12/31/19
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12/31/18
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ASSETS
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Current assets:
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Cash
and cash equivalents
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$1,217
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$126
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Restricted
Cash
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150
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––
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Accounts
receivable, net
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4,071
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2,761
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Inventories,
net
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7,440
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7,928
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Prepaid
expenses and other
|
270
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918
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Total
current assets
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13,148
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11,733
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Property and equipment, net
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303
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261
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Operating lease right-of-use assets
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103
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––
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Other assets
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349
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222
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Total
assets
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$13,903
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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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5,025
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4,369
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Operating
lease liabilities
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103
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––
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Accrued
other expenses
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2,666
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2,230
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Total
current liabilities
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7,794
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8,340
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Total
liabilities
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7,794
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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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46,706
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41,197
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Retained
earnings (accumulated deficit)
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(40,597)
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(37,321)
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Total
stockholders’ equity
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6,109
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3,876
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Total
liabilities and stockholders’ equity
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$13,903
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$12,216
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