ZOOM TELEPHONICS, INC.
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(Exact Name Of Registrant As Specified In Its Charter)
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Delaware
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(State or Other Jurisdiction of Incorporation)
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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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225 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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(617) 423-1072
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(Registrant’s Telephone Number, Including Area
Code)
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(Former Name or Former Address, if Changed Since Last
Report)
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Exhibit Number
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Title
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Press
release of Zoom Telephonics, Inc., dated May 11, 2020, announcing its
financial results for the quarter ended March 31,
2020.
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Press
release of Zoom Telephonics, Inc., dated May 11, 2020, announcing
CEO transition.
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ZOOM
TELEPHONICS, INC.
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Dated:
May 11, 2020
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By:
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/s/
JACQUELYN BARRY
HAMILTON
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Jacquelyn
Barry Hamilton
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Chief
Financial Officer
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Exhibit Number
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Title
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Press
release of Zoom Telephonics, Inc., dated May 11, 2020, announcing its
financial results for the quarter ended March 31,
2020.
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Press
release of Zoom Telephonics, Inc., dated May 11, 2020, announcing
CEO transition.
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Three Months Ended
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3/31/20
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3/31/19
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Net sales
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$11,955
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$8,010
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Cost of goods sold
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8,860
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5,591
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Gross
profit
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3,095
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2,419
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Operating expenses:
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Selling
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2,354
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2,448
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General
and administrative
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828
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568
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Research
and development
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653
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482
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Total
operating expenses
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3,835
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3,498
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Operating
profit (loss)
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(740)
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(1,079)
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Other income (expense), net
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(6)
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(34)
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Income
(loss) before income taxes
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(746)
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(1,113)
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Income tax expense
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6
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8
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Net
income (loss)
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$(752)
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$(1,121)
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Earnings (loss) per share:
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Basic
and diluted Earnings (loss) per share
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$(0.04)
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$(0.07)
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Weighted average number of shares outstanding:
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Basic
and diluted
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21,080
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16,138
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3/31/20
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12/31/19
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ASSETS
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Current assets:
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Cash
and cash equivalents
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$28
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$1,217
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Restricted
Cash
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550
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150
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Accounts
receivable, net
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5,947
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4,071
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Inventories,
net
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4,179
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7,440
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Prepaid
expenses and other
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237
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270
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Total
current assets
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10,941
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13,148
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Property and equipment, net
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281
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303
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Operating lease right-of-use assets
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78
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103
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Other assets
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345
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349
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Total
assets
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$11,644
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$13,903
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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Current liabilities:
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Bank
debt
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$387
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$––
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Accounts
payable
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2,777
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5,025
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Operating
lease liabilities
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78
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103
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Accrued
other expenses
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2,720
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2,666
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Total
current liabilities
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5,962
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7,794
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Long-term
operating leases
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––
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––
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Total
liabilities
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5,962
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7,794
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Stockholders’ equity:
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Common
stock and additional paid-in capital
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47,030
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46,706
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Retained
earnings (accumulated deficit)
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(41,348) )
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(40,597)
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Total
stockholders’ equity
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5,682
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6,109
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Total
liabilities and stockholders’ equity
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$11,644
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$13,903
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