Zoom Telephonics Reports Sales of $8.0 Million for Q1 2019
ZOOM TELEPHONICS INC (ZMTP)
NASDAQ:AMEX Investor Relations:
zoomtel.com/about/investor_info.html
Company Research
Source: GlobeNewswire
BOSTON, May 08, 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 quarter ended March 31, 2019 (“Q1 2019”). 2019 First Quarter Financial Summary with Comparison To Q1 2018 Net sales decreased 3.9% to $8.0 million due to lower sales through some brick-and-mortar retailers, offset by higher online sales during the period.Gross profit declined $863 thousand due primarily to tariffs, and gross margin decreased from 39.4% to 30.2%.Operating expenses increased $585 thousand due primarily to increased expenses for trademark licensing, advertising, and personnel.Net loss was $1.1 million or $0.07 per share, compared to a net profit of $359 thousand or $0.02 per share. 2019 First Quarter Financial ReviewNet sales for Q1 2019 decreased to $8.0 million from $8.3 million for Q1 2018. This 3.9% decrease was
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