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One News Page » Category » Press Releases » Monday, 16 November 2009 » Zoom Technologies Reports Third Quarter 2009 Financial Results

Information / Related NewsOpen Full Story in New WindowZoom Technologies Reports Third Quarter 2009 Financial Results

Reported by marketwire on Monday, 16 November 2009 (on November 16, 2009)
marketwire
BEIJING--(Marketwire - November 16, 2009) - Zoom Technologies, Inc. (NASDAQ: ZOOM)

Highlights:


-- Quarterly revenue increased 204% year over year to $55.29 million
-- Quarterly net income increased 138% year over year to $1.73
million
-- Full year 2009 revenue guidance increased to between $185 and
$195 million
-- Full year 2010 net income guidance in the range of $10.75 to
$11.25 million on adjusted basis
-- Continued listing on Nasdaq, under ticker "ZOOM" following share
exchange with Gold Lion Holdings Ltd.
-- Entered into an agreement with China Telecom to distribute
LEIMONE mobile phones



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