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)Annual | Quarterly
| 6/30/2024 Q4 | 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,933 | 14,596 | 19,168 | 20,155 | 14,967 | 9,823 | |||
| Cash and cash equivalents | 2,913 | 2,524 | 1,984 | 3,091 | 2,922 | 4,812 | |||
| Short-term investments | 7,020 | 12,072 | 17,184 | 17,064 | 12,046 | 5,011 | |||
| Receivables | 1,524 | 1,775 | 1,515 | 1,518 | 1,291 | 1,408 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,661 | 5,167 | 5,779 | 6,423 | 7,079 | 7,830 | |||
| Inventory | 4,661 | 5,167 | 5,779 | 6,423 | 7,079 | 7,830 | |||
| Other undisclosed current assets | 1,117 | 1,062 | 463 | 285 | 394 | 342 | |||
| Total current assets: | 17,236 | 22,600 | 26,924 | 28,381 | 23,732 | 19,402 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,273 | 1,262 | 1,221 | 954 | 968 | 1,003 | |||
| Other noncurrent assets | 19,096 | 14,140 | 9,194 | 9,036 | 14,004 | 19,000 | |||
| Total noncurrent assets: | 20,369 | 15,402 | 10,415 | 9,990 | 14,972 | 20,003 | |||
| TOTAL ASSETS: | 37,605 | 38,002 | 37,339 | 38,371 | 38,704 | 39,405 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,117 | 1,186 | 727 | 1,238 | 1,224 | 1,573 | |||
| Accounts payable | 216 | 263 | 229 | 268 | 353 | 285 | |||
| Accrued liabilities | 901 | 923 | 498 | 971 | 871 | 1,287 | |||
| Deferred revenue | 293 | 335 | 353 | 450 | 379 | 419 | |||
| Other undisclosed current liabilities | 242 | 237 | 232 | 323 | 483 | 728 | |||
| Total current liabilities: | 1,652 | 1,758 | 1,312 | 2,012 | 2,087 | 2,720 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 4,831 | 4,844 | 4,777 | 4,898 | 4,974 | 4,934 | |||
| Deferred revenue | 117 | 121 | 117 | 113 | 126 | 136 | |||
| Deferred compensation liability, classified | 2,111 | 2,060 | 1,937 | 1,997 | 2,000 | 1,891 | |||
| Operating lease, liability | 2,603 | 2,663 | 2,723 | 2,788 | 2,848 | 2,908 | |||
| Total noncurrent liabilities: | 4,831 | 4,844 | 4,777 | 4,898 | 4,974 | 4,934 | |||
| Total liabilities: | 6,482 | 6,602 | 6,089 | 6,910 | 7,060 | 7,654 | |||
| Equity | |||||||||
| Equity, attributable to parent | 31,122 | 31,400 | 31,250 | 31,461 | 31,644 | 31,751 | |||
| Common stock | 46 | 46 | 46 | 46 | 46 | 46 | |||
| Additional paid in capital | 13,270 | 13,234 | 13,161 | 13,114 | 13,034 | 12,909 | |||
| Retained earnings | 17,807 | 18,120 | 18,043 | 18,301 | 18,563 | 18,796 | |||
| Total equity: | 31,122 | 31,400 | 31,250 | 31,461 | 31,644 | 31,751 | |||
| TOTAL LIABILITIES AND EQUITY: | 37,605 | 38,002 | 37,339 | 38,371 | 38,704 | 39,405 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q4 | 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,638 | 3,360 | 3,374 | 3,104 | 3,369 | 3,272 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,796) | (2,252) | (2,306) | (2,252) | (2,076) | (2,146) | ||
| Gross profit: | 842 | 1,108 | 1,068 | 852 | 1,293 | 1,126 | ||
| Operating expenses | (1,451) | (1,585) | (1,536) | (1,468) | (1,746) | (2,474) | ||
| Operating loss: | (610) | (476) | (469) | (616) | (453) | (1,348) | ||
| Loss from continuing operations before equity method investments, income taxes: | (610) | (476) | (469) | (616) | (453) | (1,348) | ||
| Other undisclosed income from continuing operations before income taxes | 215 | 209 | 213 | 206 | 190 | 98 | ||
| Loss from continuing operations before income taxes: | (395) | (267) | (256) | (409) | (264) | (1,250) | ||
| Income tax expense (benefit) | 81 | (2) | (2) | 147 | 31 | 103 | ||
| Net loss available to common stockholders, diluted: | (314) | (269) | (258) | (263) | (233) | (1,147) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q4 | 3/31/2024 Q3 | 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (314) | (269) | (258) | (263) | (233) | (1,147) | ||
| Comprehensive loss, net of tax, attributable to parent: | (314) | (269) | (258) | (263) | (233) | (1,147) | ||
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.