Zoom Telephonics Reports Sales of $10.9 Million for Q3 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 Tuesday, November 5, 2019 at 9:00 a.m. Eastern Time Boston, MA, Nov. 04, 2019 (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 third quarter ended September 30, 2019. 2019 Third Quarter Financial Highlights (with comparisons to 2018 third quarter) Net sales increased 20.8% to $10.9 million due primarily to strong, improved sales from both E-tail and Best Buy.Gross margin was 28.8%, down from 36.4%, as China tariffs increased COGS by $1.03 millionNet loss was approximately $200 thousand or $0.01 per diluted share, compared to net income of $346 thousand or $0.02 per diluted share. Management Commentary Frank Manning, Zoom’s CEO, commented on the quarter, “In Q3 2019 we achieved our highest Q3 net sales since 2002. We would have had $800 thousand in net income witho
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