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
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,7896,9503,9992,2281,082432735
Cash and cash equivalents7,7896,9503,9992,2281,082432735
Receivables3,4662,2412,3323,7014,7423,9644,114
Inventory, net of allowances, customer advances and progress billings7,7465,9025,5396,8516,1398,3458,595
Inventory7,7465,9025,5396,8516,1398,3458,595
Other undisclosed current assets471456268134207206281
Total current assets:19,47215,54912,13812,91412,16912,94813,726
Noncurrent Assets
Property, plant and equipment1,1951,2819848901,1321,4081,514
Other noncurrent assets7,8649,4949,4599,431   
Other undisclosed noncurrent assets    6,3749,0678,880
Total noncurrent assets:9,06010,77610,44310,3217,50610,47510,394
TOTAL ASSETS:28,53126,32422,58023,23519,67623,42424,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6241,0691,4082,0872,6083,3933,568
Accounts payable8663988281,4361,4292,2431,967
Accrued liabilities7526665806511,1791,1491,602
Taxes payable75     
Deferred revenue607695424
Debt  507    
Contract with customer, liability645
Other undisclosed current liabilities295289277265   
Total current liabilities:2,5262,0522,6152,9982,6083,3933,568
Noncurrent Liabilities
Long-term debt and lease obligation1,8672,0172,305    
Operating lease, liability1,8672,0172,305
Liabilities, other than long-term debt2,4302,6802,5042,5832,5502,4592,366
Deferred revenue165189170
Contract with customer, liability163
Deferred compensation liability, classified2,2652,4912,3332,4202,3942,2942,188
Other liabilities    156164178
Other undisclosed noncurrent liabilities   2,582   
Total noncurrent liabilities:4,2974,6974,8095,1652,5502,4592,366
Total liabilities:6,8236,7497,4248,1635,1585,8515,934
Stockholders' equity
Stockholders' equity attributable to parent21,70819,57515,15615,07214,51817,57218,186
Common stock46433737373737
Additional paid in capital12,45310,8026,8836,1865,7525,4215,071
Retained earnings9,2108,7308,2368,8498,72912,11513,078
Total stockholders' equity:21,70819,57515,15615,07214,51817,57218,186
TOTAL LIABILITIES AND EQUITY:28,53126,32422,58023,23519,67623,42424,120

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues18,18919,54618,31221,84223,51524,05426,001
Revenue, net23,51524,05426,001
Cost of revenue
(Cost of Goods and Services Sold)
(11,579)(12,814)(12,649)(15,022)(16,933)(17,159)(17,059)
Gross profit:6,6106,7325,6636,8206,5826,8958,943
Operating expenses(7,011)(7,123)(6,147)(6,415)(6,939)(7,600)(7,959)
Operating income (loss):(402)(390)(484)404(357)(705)983
Nonoperating income
(Other Nonoperating income)
735886     
Interest and debt expense    (5)(1)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2320319(68)1,286
Income (loss) from continuing operations before equity method investments, income taxes:335498(464)408(343)(773)2,263
Other undisclosed income from continuing operations before income taxes4      
Income (loss) from continuing operations before income taxes:340498(464)408(343)(773)2,263
Income tax expense (benefit)(2)(4)(2)27(3,043)(191)(874)
Net income (loss) available to common stockholders, diluted:337494(466)434(3,386)(964)1,389

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):337494(466)434(3,386)(964)1,389
Comprehensive income (loss), net of tax, attributable to parent:337494(466)434(3,386)(964)1,389

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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