Koss Corporation (KOSS) Financial Statements (2024 and earlier)

Company Profile

Business Address 4129 N PORT WASHINGTON AVE
MILWAUKEE, WI 53212
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,1559,8239,2086,9503,9992,228
Cash and cash equivalents3,0914,8129,2086,9503,9992,228
Short-term investments17,0645,011    
Receivables1,5181,4081,8472,2412,3323,701
Inventory, net of allowances, customer advances and progress billings6,4237,8308,6315,9025,5396,851
Inventory6,4237,8308,6315,9025,5396,851
Other undisclosed current assets285342188456268134
Total current assets:28,38119,40219,87515,54912,13812,914
Noncurrent Assets
Property, plant and equipment9541,0031,0881,281984890
Other noncurrent assets9,03619,0008,9929,4949,4599,431
Total noncurrent assets:9,99020,00310,08010,77610,44310,321
TOTAL ASSETS:38,37139,40529,95526,32422,58023,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2381,5731,5261,0691,4082,087
Taxes payable35  
Employee-related liabilities167   
Accounts payable2682857963988281,436
Accrued liabilities9711,287560666580651
Deferred revenue450419544695424
Debt     507 
Contract with customer, liability645
Other undisclosed current liabilities32372857289277265
Total current liabilities:2,0122,7202,1272,0522,6152,998
Noncurrent Liabilities
Long-term debt and lease obligation:   3,0242,0172,305 
Liabilities, other than long-term debt4,8984,9342,1062,6802,5042,583
Deferred revenue113136169189170
Contract with customer, liability163
Deferred compensation liability, classified1,9971,8911,9372,4912,3332,420
Operating lease, liability2,7882,9083,0242,0172,305
Other undisclosed noncurrent liabilities      2,582
Total noncurrent liabilities:4,8984,9345,1314,6974,8095,165
Total liabilities:6,9107,6547,2586,7497,4248,163
Equity
Equity, attributable to parent31,46131,75122,69719,57515,15615,072
Common stock464646433737
Additional paid in capital13,11412,90912,65310,8026,8836,186
Retained earnings18,30118,7969,9988,7308,2368,849
Total equity:31,46131,75122,69719,57515,15615,072
TOTAL LIABILITIES AND EQUITY:38,37139,40529,95526,32422,58023,235

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues13,10015,45317,60719,54618,31221,842
Cost of revenue
(Cost of Goods and Services Sold)
(8,642)(9,655)(10,990)(12,814)(12,649)(15,022)
Gross profit:4,4575,7986,6176,7325,6636,820
Operating expenses(29,358)(28,850)(5,715)(7,123)(6,147)(6,415)
Operating income (loss):(24,901)(23,052)902(390)(484)404
Nonoperating income
(Other Nonoperating income)
 33,00033,006362886  
Other undisclosed income from continuing operations before equity method investments, income taxes    3203
Income (loss) from continuing operations before equity method investments, income taxes:8,0999,9551,264498(464)408
Other undisclosed income from continuing operations before income taxes52113212   
Income (loss) from continuing operations before income taxes:8,62010,0871,276498(464)408
Income tax expense (benefit)(317)(500)(8)(4)(2)27
Income (loss) from continuing operations:8,3029,5871,268494(466)434
Income (loss) before gain (loss) on sale of properties:10,7341,268494(466)434
Net income (loss) available to common stockholders, diluted:8,3029,5871,268494(466)434

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):8,3029,5871,268494(466)434
Comprehensive income (loss), net of tax, attributable to parent:8,3029,5871,268494(466)434

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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