Koss Corporation (KOSS) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,3953,9992,2281,0824327351,000
Cash and cash equivalents4,3953,9992,2281,0824327351,000
Receivables2,5542,3323,7014,7423,9644,1143,030
Inventory, net of allowances, customer advances and progress billings5,8035,5396,8516,1398,3458,5957,182
Inventory5,8035,5396,8516,1398,3458,5957,182
Other undisclosed current assets4032681342072062812,393
Total current assets:13,15512,13812,91412,16912,94813,72613,606
Noncurrent Assets
Property, plant and equipment1,2059848901,1321,4081,5141,593
Other noncurrent assets9,5849,4599,431    
Other undisclosed noncurrent assets   6,3749,0678,8807,229
Total noncurrent assets:10,78910,44310,3217,50610,47510,3948,821
TOTAL ASSETS:23,94422,58023,23519,67623,42424,12022,427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1651,4082,0872,6083,3933,5683,841
Accounts payable1,1108281,4361,4292,2431,9672,172
Accrued liabilities1,0555806511,1791,1491,6021,575
Employee-related liabilities      94
Deferred revenue641424
Debt 507     
Deferred compensation liability      150
Contract with customer, liability645
Other liabilities      49
Other undisclosed current liabilities283277265   (293)
Total current liabilities:3,0892,6152,9982,6083,3933,5683,747
Noncurrent Liabilities
Long-term debt and lease obligation2,1632,305     
Operating lease, liability2,1632,305
Liabilities, other than long-term debt2,5022,5042,5832,5502,4592,3662,327
Deferred revenue185170
Contract with customer, liability163
Deferred compensation liability, classified2,3162,3332,4202,3942,2942,1882,107
Other liabilities   156164178219
Other undisclosed noncurrent liabilities  2,582    
Total noncurrent liabilities:4,6644,8095,1652,5502,4592,3662,327
Total liabilities:7,7537,4248,1635,1585,8515,9346,074
Stockholders' equity
Stockholders' equity attributable to parent16,19115,15615,07214,51817,57218,18616,353
Common stock37373737373737
Additional paid in capital7,2816,8836,1865,7525,4215,0714,627
Retained earnings8,8728,2368,8498,72912,11513,07811,689
Total stockholders' equity:16,19115,15615,07214,51817,57218,18616,353
TOTAL LIABILITIES AND EQUITY:23,94422,58023,23519,67623,42424,12022,427

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues18,87618,31221,84223,51524,05426,00124,230
Revenue, net23,51524,05426,00124,230
Cost of revenue
(Cost of Goods and Services Sold)
(12,671)(12,649)(15,022)(16,933)(17,159)(17,059)(15,781)
Gross profit:6,2055,6636,8206,5826,8958,9438,449
Operating expenses(6,017)(6,147)(6,415)(6,939)(7,600)(7,959)(7,936)
Operating income (loss):188(484)404(357)(705)983513
Nonoperating income
(Other Nonoperating income)
507      
Interest and debt expense   (5)(1)(6)(13)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes720319(68)1,286 
Income (loss) from continuing operations before income taxes:702(464)408(343)(773)2,263500
Income tax expense (benefit)(6)(2)27(3,043)(191)(874)(17)
Net income (loss) available to common stockholders, diluted:697(466)434(3,386)(964)1,389483

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):697(466)434(3,386)(964)1,389483
Comprehensive income (loss), net of tax, attributable to parent:697(466)434(3,386)(964)1,389483

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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