Zoom Telephonics Reports Sales of $10.6 Million for Q4 2019 and $37.6 Million for Year 2019
ZOOM TELEPHONICS INC (ZMTP)
NASDAQ:AMEX Investor Relations:
zoomtel.com/about/investor_info.html
Company Research
Source: GlobeNewswire
Company to Host Conference Call on Friday, February 28, 2020 at 10:00a.m. Eastern Time Boston, MA, Feb. 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Zoom Telephonics, Inc. (“Zoom” or “the Company”) (OTCQB: ZMTP), a leading producer of cable modems and other communication products, today reported financial results for its 2019 fourth quarter and year ended December 31, 2019. Financial Highlights (Q4 and full year 2019 comparisons to prior year’s period) Q4 net sales increased 41.6% to $10.6 million in comparison to Q4 of 2018.Q4 gross margin decreased to 24.5% from 31.6% in the same quarter of 2018, as China tariffs increased cost of goods by $1.3 million in Q4 2019.Year-over-year net sales increased 16.4% to $37.6 million due primarily to strong sales from E-tail/Retail. 2019 gross margin decreased to 29.0% from 36.0% in the prior year. China tariffs impacted margin by $3.2 million in 2019. Q4 net loss was approximately $1.15 million, or $0.06 per share, compared
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