BOSTON, MA / ACCESSWIRE / January 4, 2018 / Zoom Telephonics, Inc. ("Zoom") (OTCQB: ZMTP), the exclusive producer of Motorola cable modems and gateways, today announced that the Company expects revenue for the fourth quarter ended December 31, 2017 to exceed $8 million.
The Company expects to announce full fourth quarter and annual 2017 financial results in February 2018.
Frank Manning, President and CEO of Zoom Telephonics, stated, "We are pleased to have achieved Q4 2017 revenues in excess of $8 million, derived almost entirely from cable modems sold through US retailers. We expect 2017 annual revenue to exceed $28.6 million, an increase of at least 60% over 2016 annual revenue. Throughout 2018, cable modems will remain very important to our business as we expand our high-performance Motorola 24x8 and DOCSIS 3.1 product lines. We also expect significant sales growth from Motorola brand WiFi routers, DSL modem/routers, MoCA Adapters, and cellular modems, routers, and sensors. I look forward to providing additional details when we release full 4Q17 results in February 2018."
About Zoom Telephonics
Zoom Telephonics, Inc. designs, produces, markets, and supports communication products under the Motorola and Zoom brands. The Company's worldwide licensing agreement with Motorola includes cable modems and gateways, DSL modems and gateways, cellular modems and routers and sensors, range extenders, home powerline network products, and MoCA adapters. For more information about Zoom and its products, please visit www.zoomtel.com or www.motorolanetwork.com.
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license.
Forward-looking Statements
This release contains forward-looking information relating to Zoom's plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including: delays, unanticipated costs, interruptions or other uncertainties associated with Zoom's production and shipping; Zoom's reliance on several key outsourcing partners; uncertainty of key customers' plans and orders; risks relating to product certifications; Zoom's dependence on key employees; uncertainty of new product development, including budget overruns, project delays, and the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; costs and senior management distractions due to patent-related matters; and other risks set forth in Zoom's filings with the Securities and Exchange Commission. Zoom cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Zoom expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Zoom's expectations or any change in events, conditions or circumstance on which any such statement is based.
Investor Relations Contact:
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Phone: 203-972-9200
[email protected]
SOURCE: Zoom Telephonics, Inc.