View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
August 22, 2010

Zoom Q2 revenues down 19.3% to $42.8m

Expects third quarter revenues between $55m and $61m

By CBR Staff Writer

Zoom Technologies has reported total revenues of $42.8m for the second quarter of 2010, a decrease of 19.3% compared to $53.1m for the same quarter prior year.

The company posted operating income of $3.2m for the quarter compared to $2.7m for the same period last year.

The company’s income before income taxes was $3m for the second quarter compared to $2.4m for the same quarter in 2009.

For the quarter ended 30 June 2010, the company posted net income of $2.03m, or $0.17 per share, compared to $1.7m, or $0.86 per share, for the same period last year.

Zoom Technologies chairman and CEO Lei Gu said that the decrease in our second quarter revenue is a reflection of the strength in our consignment business which impacted total revenue figure while leaving net income unaffected.

The company expects net income between $2.7m and $3.3m for the third quarter of 2010 and revenues between $55m and $61m.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU