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Manchester, NH, March 09, 2021 (GLOBE NEWSWIRE) -- via
NewMediaWire -- Zoom Telephonics, Inc., doing business as
Minim (OTCQB:MINM) today reported fourth quarter and full year preliminary financial results for the period ended December 31, 2020.
Q4 2020 highlights include:
Record net revenue of $13.7 million and record revenue growth of 30% year over year, and a 14% increase sequentially from Q3 2020.
Continued gross margin improvement at 33%, 25% higher year over year and 16% improvement sequentially from Q3 2020.
Successful launch of high-value, software-enabled Motorola®-branded modem to Amazon and Target.
Closed merger between Zoom Telephonics, Inc. and Minim Inc. -- combined company offers intelligent software and powerful software-enabled hardware focused on a rapidly growing market, led by a proven team.