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BOSTON, MA–(Marketwire – May 4, 2011) – Zoom Telephonics, Inc. (OTCBB: ZMTP), a leading manufacturer of modems and other communication products, today reported net
sales of $2.8 million for the first quarter ended March 31, 2011, up 12.6%
from $2.5 million for the first quarter of 2010. Zoom reported a net loss
of $285 thousand or $0.05 per share for Q1 2011, a slight improvement over
Zoom’s net loss of $298 thousand or $0.15 per share for Q1 2010.
Gross profit was $808 thousand or 28.8% of net sales in Q1 2011, up from
$763 thousand or 30.6% of net sales in Q1 2010. The increase in gross
profit was primarily due to higher sales, and the decrease in gross margin
was primarily due to a shift in sales mix toward lower-margin products.
Operating expenses were $1.091 million or 38.9% of net sales in Q1 2011
versus $1.126 million or 45.1% of net sales in Q1 2010. Operating expenses
in Q1 2011 were lower than those in Q1 2010 primarily due to lower
personnel costs. Selling expenses rose from Q1 2010 to Q1 2011 due
primarily to higher sales-related variable expenses and higher
search-related advertising in Q1 2011.
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Article source: http://www.marketwire.com/press-release/zoom-telephonics-reports-results-for-the-first-quarter-of-2011-otcbb-zmtp-1510207.htm