ZOOM TELEPHONICS, INC.
Consolidated Balance Sheets
( 000's )
MAR 31, DEC 31,
1999 1998
(Unaudited)
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Assets
Current assets:
Cash $ 4,325 $ 5,325
Marketable securities 8,659 13,529
Acounts receivable, net 6,864 7,244
Inventories 14,507 8,893
Deferred income taxes 3,639 3,290
Prepaid expenses and other 820 230
Total current assets 38,814 38,511
Property and equipment, net 4,037 3,748
Other non-current assets 3,782 1,301
$ 46,633 $ 43,560
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 5,415 $ 3,326
Accrued expenses 3,574 1,809
Total current liabilities 8,989 5,135
Stockholders' equity:
Common stock 25,191 25,191
Retained earnings 12,436 13,180
Accumulated other
comprehensive income 17 54
Total stockholders' equity 37,644 38,425
$ 46,633 $ 43,560
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ZOOM TELEPHONICS, INC.
Consolidated Statements of Income
( 000's )
(Unaudited)
Three Months Ending
3/31/99 3/31/98
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Net sales $ 11,387 $ 18,759
Cost of goods sold 7,326 13,558
Gross profit 4,061 5,201
Operating expenses:
Selling 2,499 2,844
General & administrative 1,375 1,266
Research and development 1,504 968
Total operating expenses 5,378 5,078
Operating (loss) profit (1,317) 123
Other income, net 278 200
Income (loss) before taxes (1,039) 323
Taxes on income (349) 123
Net income (loss) $ (690) $ 200
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Basic $ (0.09) $ 0.03
Diluted $ (0.09) $ 0.03
Basic 7,475 7,473
Diluted 7,475 7,484 |
