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Fourth Quarter 1998 Financial Data
ZOOM TELEPHONICS, INC
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Consolidated Statements of Income
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( 000's )
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(Unaudited)
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Three Months Ending
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Years Ending
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12/31/98
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12/31/97
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12/31/98
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12/31/97
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Net sales
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$ 16,025
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$ 21,479
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$ 61,364
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$ 64,478
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Cost of goods sold
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9,897
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15,545
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44,651
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56,298
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Gross profit
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6,128
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5,934
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16,713
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8,180
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Operating expenses:
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Selling
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3,164
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3,233
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11,801
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11,103
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General and administrative
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1,414
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1,270
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4,976
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4,957
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Research and development
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1,212
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1,088
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4,449
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4,182
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Total operating expenses
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5,790
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5,591
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21,226
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20,242
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Operating profit
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338
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343
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(4,513)
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(12,062)
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Other income, net
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229
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114
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1,074
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741
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Income before taxes on income
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567
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457
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(3,439)
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(11,321)
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Taxes on income
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195
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170
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(1,287)
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(4,189)
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Net income (loss)
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$ 372
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$ 287
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$ (2,152)
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$ (7,132)
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Earnings (loss) per share:
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Basic
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$ 0.05
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$ 0.04
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$ (0.29)
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$ (0.95)
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Diluted
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$ 0.05
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$ 0.04
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$ (0.29)
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$ (0.95)
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Average number of shares outstanding:
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Basic
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7,475
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7,472
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7,474
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7,469
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Diluted
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7,475
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7,472
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7,474
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7,469
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