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Zoom Telephonics inks new supply deal as Q3 profit sinks again on China tariffs

Tuesday 5 November 2019 | 15:29 CET | News
Zoom Telephonics, a producer of cable modems and other communication products, reported recorded record revenue levels for the third quarter but said tariffs again pulled profits down to a loss. Revenues rose USD 20.8 percent from the year before to USD 10.9 million, driven by strong and improved sales from E-tail and Best Buy. The net result however fell to a loss of USD 200,000 or USD 0.01 per diluted share, from a profit the year earlier of 346,000 and 0.02 per diluted share. CEO Frank Manning said that without the China tariffs, the company would have reported a profit of USD 800,000.

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Categories: Fixed
Companies: Best Buy / Zoom Telephonics
Countries: World
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