Koss Corporation (KOSS) financial statements (2020 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2292,2281,0824327351,0001,899
Cash and cash equivalents2,2292,2281,0824327351,0001,899
Receivables2,5243,7014,7423,9644,1143,0303,161
Inventory, net of allowances, customer advances and progress billings6,7016,8516,1398,3458,5957,1827,055
Inventory6,7016,8516,1398,3458,5957,1827,055
Income taxes receivable1,109
Other undisclosed current assets2351342072062812,3932,724
Total current assets:11,68912,91412,16912,94813,72613,60615,949
Noncurrent Assets
Property, plant and equipment9408901,1321,4081,5141,5931,840
Other noncurrent assets9,5469,431     
Other undisclosed noncurrent assets  6,3749,0678,8807,2296,601
Total noncurrent assets:10,48710,3217,50610,47510,3948,8218,441
TOTAL ASSETS:22,17623,23519,67623,42424,12022,42724,390
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5912,0872,6083,3933,5683,8416,623
Accounts payable8291,4361,4292,2431,9672,1722,465
Accrued liabilities7626511,1791,1491,6021,5753,853
Employee-related liabilities     94130
Taxes payable      175
Deferred revenue495
Debt271      
Deferred compensation liability     150 
Contract with customer, liability645
Other liabilities     49121
Other undisclosed current liabilities 265   (293)(250)
Total current liabilities:2,3572,9982,6083,3933,5683,7476,493
Noncurrent Liabilities
Long-term debt and lease obligation2,445      
Operating lease, liability2,445
Liabilities, other than long-term debt2,5422,5832,5502,4592,3662,3272,657
Deferred revenue160
Contract with customer, liability163
Deferred compensation liability, classified2,3822,4202,3942,2942,1882,1072,320
Other liabilities  156164178219337
Other undisclosed noncurrent liabilities 2,582     
Total noncurrent liabilities:4,9885,1652,5502,4592,3662,3272,657
Total liabilities:7,3458,1635,1585,8515,9346,0749,150
Stockholders' equity
Stockholders' equity attributable to parent14,83115,07214,51817,57218,18616,35315,240
Common stock37373737373737
Additional paid in capital6,6186,1865,7525,4215,0714,6273,996
Retained earnings8,1758,8498,72912,11513,07811,68911,207
Total stockholders' equity:14,83115,07214,51817,57218,18616,35315,240
TOTAL LIABILITIES AND EQUITY:22,17623,23519,67623,42424,12022,42724,390

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues20,21921,84223,51524,05426,00124,23023,841
Revenue, net23,51524,05426,00124,23023,841
Cost of revenue
(Cost of Goods and Services Sold)
(14,182)(15,022)(16,933)(17,159)(17,059)(15,781)(17,817)
Other undisclosed gross profit      (6,306)
Gross profit:6,0386,8206,5826,8958,9438,449(282)
Operating expenses(6,375)(6,415)(6,939)(7,600)(7,959)(7,936)(9,723)
Operating income (loss):(337)404(357)(705)983513(10,005)
Interest and debt expense  (5)(1)(6)(13)0
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes17319(68)1,286 49
Income (loss) from continuing operations before income taxes:(320)408(343)(773)2,263500(9,955)
Income tax expense (benefit)2727(3,043)(191)(874)(17)4,402
Net income (loss) available to common stockholders, diluted:(294)434(3,386)(964)1,389483(5,554)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(294)434(3,386)(964)1,389483(5,554)
Comprehensive income (loss), net of tax, attributable to parent:(294)434(3,386)(964)1,389483(5,554)

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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