Koss Corporation (KOSS) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,7897,2336,9506,0294,3953,4503,999
Cash and cash equivalents7,7897,2336,9506,0294,3953,4503,999
Receivables3,4662,1202,2411,9722,5543,2422,332
Inventory, net of allowances, customer advances and progress billings7,7467,2925,9026,8575,8035,2975,539
Inventory7,7467,2925,9026,8575,8035,2975,539
Other undisclosed current assets471650456480403468268
Total current assets:19,47217,29515,54915,33913,15512,45712,138
Noncurrent Assets
Property, plant and equipment1,1951,2581,2811,3071,2051,174984
Other noncurrent assets7,8649,6869,4949,5269,5849,6529,459
Total noncurrent assets:9,06010,94410,77610,83410,78910,82610,443
TOTAL ASSETS:28,53128,23926,32426,17223,94423,28322,580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6241,6821,0691,7612,1651,7881,408
Accounts payable8661,0233989501,110939828
Accrued liabilities7526546668111,055849580
Taxes payable765    
Deferred revenue607617695568641544424
Debt     507507
Other undisclosed current liabilities295292289286283280277
Total current liabilities:2,5262,5912,0522,6153,0893,1192,615
Noncurrent Liabilities
Long-term debt and lease obligation1,8671,9422,0172,0902,1632,2342,305
Operating lease, liability1,8671,9422,0172,0902,1632,2342,305
Liabilities, other than long-term debt2,4302,7272,6802,5702,5022,4942,504
Deferred revenue165185189176185177170
Deferred compensation liability, classified2,2652,5432,4912,3942,3162,3172,333
Total noncurrent liabilities:4,2974,6704,6974,6604,6644,7284,809
Total liabilities:6,8237,2616,7497,2757,7537,8477,424
Stockholders' equity
Stockholders' equity attributable to parent21,70820,97919,57518,89716,19115,43615,156
Common stock46464343373737
Additional paid in capital12,45312,30210,80210,4577,2817,0366,883
Retained earnings9,2108,6318,7308,3988,8728,3638,236
Total stockholders' equity:21,70820,97919,57518,89716,19115,43615,156
TOTAL LIABILITIES AND EQUITY:28,53128,23926,32426,17223,94423,28322,580

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

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Revenues4,4164,3655,4203,9874,9305,2083,949
Cost of revenue
(Cost of Goods and Services Sold)
(2,866)(2,783)(3,360)(2,570)(3,312)(3,572)(2,588)
Gross profit:1,5501,5822,0601,4181,6181,6361,361
Operating expenses(1,229)(1,781)(1,729)(2,272)(1,616)(1,506)(1,208)
Operating income (loss):320(199)331(854)2130154
Nonoperating income
(Other Nonoperating income)
256100 379507  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  113(2)0
Income (loss) from continuing operations before equity method investments, income taxes:576(99)332(474)511128154
Other undisclosed income from continuing operations before income taxes41     
Income (loss) from continuing operations before income taxes:580(98)332(474)511128154
Income tax expense (benefit)(1)(1)(0)(0)(3)(1)4
Net income (loss) available to common stockholders, diluted:579(99)332(474)509127158

Comprehensive Income ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Net income (loss):579(99)332(474)509127158
Comprehensive income (loss), net of tax, attributable to parent:579(99)332(474)509127158

Statements sources

The financial statements are based on the company's filings with the 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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