ZOOM Technologies, Inc. announced financial results for the third quarter ended September 30, 2012. For the third quarter of 2012, ZOOM generated net revenues of $117.2 million, up 130.9% over $50.7 million for the third quarter 2011. The Company has experienced an increase in sales volume as the result of its increased efforts in both export and domestics markets.

The increase in revenues in third quarter of 2012 as compared to the same period in 2011 was mainly due to increased emphasis by its sales team on export of whole handsets on ODM basis, and its own brand Leimone products. The third quarter revenues of $117.2 million were up $18.6 million from second quarter revenues of $98.6 million, or 18.8%. Sales of Leimone phones contributed $45.6 million, or 38.9% of its third quarter of 2012 revenues.

The company also derived $11.8 million or 10.1% of its revenues from Portables Unlimited LLC in the U.S. For the third quarter of 2012, ZOOM reported net income of $0.8 million compared to $2.6 million in the same period in 2011. Decreased net income in 2012 relative to the same quarter in 2011 is related to low margins experienced industry wide for mobile handset manufacturers. The third quarter net income for 2012 as compared to second quarter income was sequentially up by $0.4 million.