$KOSS
KOSS CORP

2012 Q2 Form 10-Q Financial Statement

#000005670112000006 Filed on May 11, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $10.89M $8.233M $8.420M
YoY Change 6.04% -2.22% -2.66%
Cost Of Revenue $6.640M $5.081M $5.026M
YoY Change 4.24% 1.09% -6.58%
Gross Profit $4.250M $3.152M $3.393M
YoY Change 9.25% -7.13% 3.46%
Gross Profit Margin 39.03% 38.28% 40.3%
Selling, General & Admin $3.290M $3.018M $2.706M
YoY Change 8.58% 11.53% 14.16%
% of Gross Profit 77.41% 95.75% 79.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $330.0K $170.0K $130.0K
YoY Change 200.0% 30.77% -13.33%
% of Gross Profit 7.76% 5.39% 3.83%
Operating Expenses $3.280M $2.400M $2.329M
YoY Change 7.89% 3.07% -1.73%
Operating Profit $970.0K $751.1K $1.064M
YoY Change 14.12% -29.44% 16.98%
Interest Expense -$20.00K -$212.7K $109.7K
YoY Change -105.41% -293.85% -184.4%
% of Operating Profit -2.06% -28.32% 10.31%
Other Income/Expense, Net $242.0K -$96.53K
YoY Change -350.71%
Pretax Income $1.270M $993.2K $967.9K
YoY Change -40.93% 2.6% 105.95%
Income Tax $340.0K $96.44K $327.0K
% Of Pretax Income 26.77% 9.71% 33.78%
Net Earnings $930.0K $900.0K $640.0K
YoY Change -48.04% 40.63% 120.69%
Net Earnings / Revenue 8.54% 10.93% 7.6%
Basic Earnings Per Share $0.12 $0.09
Diluted Earnings Per Share $129.7K $0.12 $0.09
COMMON SHARES
Basic Shares Outstanding 7.383M shares 7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.00K $120.0K $130.0K
YoY Change -68.75% -7.69% -92.31%
Cash & Equivalents $50.03K $119.4K $132.9K
Short-Term Investments
Other Short-Term Assets $1.350M $1.300M $1.540M
YoY Change 2.27% -15.58% 6.94%
Inventory $9.396M $9.153M $9.680M
Prepaid Expenses
Receivables $5.327M $4.160M $4.820M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.12M $14.74M $16.17M
YoY Change 3.2% -8.87% -9.87%
LONG-TERM ASSETS
Property, Plant & Equipment $2.735M $2.946M $2.700M
YoY Change -11.32% 9.12% 22.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.660M $6.040M $5.670M
YoY Change 3.47% 6.53% 3.85%
Total Long-Term Assets $12.63M $13.19M $11.40M
YoY Change 7.15% 15.66% 15.27%
TOTAL ASSETS
Total Short-Term Assets $16.12M $14.74M $16.17M
Total Long-Term Assets $12.63M $13.19M $11.40M
Total Assets $28.75M $27.92M $27.57M
YoY Change 4.9% 1.27% -0.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.605M $3.414M $3.570M
YoY Change 26.41% -4.38% 55.22%
Accrued Expenses $2.374M $1.924M $2.960M
YoY Change -20.71% -34.99% -20.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.568M $6.927M $7.460M
YoY Change 11.56% -7.14% -39.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.500M $3.600M
YoY Change -100.0% -58.33%
Other Long-Term Liabilities $754.0K $776.1K $2.730M
YoY Change -2.84% -71.57% 7.06%
Total Long-Term Liabilities $3.086M $4.505M $6.330M
YoY Change -27.9% -28.83% 148.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.568M $6.927M $7.460M
Total Long-Term Liabilities $3.086M $4.505M $6.330M
Total Liabilities $11.65M $11.43M $13.79M
YoY Change -2.56% -17.1% -7.33%
SHAREHOLDERS EQUITY
Retained Earnings $14.43M $13.94M
YoY Change 8.81%
Common Stock $2.662M $2.544M
YoY Change 22.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.10M $16.49M $13.78M
YoY Change
Total Liabilities & Shareholders Equity $28.75M $27.92M $27.57M
YoY Change 4.9% 1.27% -0.93%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $930.0K $900.0K $640.0K
YoY Change -48.04% 40.63% 120.69%
Depreciation, Depletion And Amortization $330.0K $170.0K $130.0K
YoY Change 200.0% 30.77% -13.33%
Cash From Operating Activities $2.030M $1.440M -$50.00K
YoY Change -40.99% -2980.0% -103.09%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$260.0K -$630.0K
YoY Change -79.22% -58.73% 173.91%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$160.0K -$260.0K -$630.0K
YoY Change -79.22% -58.73% 162.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.940M -1.240M 610.0K
YoY Change -26.79% -303.28% -238.64%
NET CHANGE
Cash From Operating Activities 2.030M 1.440M -50.00K
Cash From Investing Activities -160.0K -260.0K -630.0K
Cash From Financing Activities -1.940M -1.240M 610.0K
Net Change In Cash -70.00K -60.00K -70.00K
YoY Change -450.0% -14.29% -107.45%
FREE CASH FLOW
Cash From Operating Activities $2.030M $1.440M -$50.00K
Capital Expenditures -$160.0K -$260.0K -$630.0K
Free Cash Flow $2.190M $1.700M $580.0K
YoY Change -47.98% 193.1% -68.65%

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Files In Submission

Name View Source Status
0000056701-12-000006-index-headers.html Edgar Link pending
0000056701-12-000006-index.html Edgar Link pending
0000056701-12-000006.txt Edgar Link pending
0000056701-12-000006-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
koss-20120331.xml Edgar Link completed
koss-20120331.xsd Edgar Link pending
koss-20120331_cal.xml Edgar Link unprocessable
koss-20120331_def.xml Edgar Link unprocessable
koss-20120331_lab.xml Edgar Link unprocessable
koss-20120331_pre.xml Edgar Link unprocessable
koss0331201210-q.htm Edgar Link pending
kossexhibit31103312012.htm Edgar Link pending
kossexhibit31203312012.htm Edgar Link pending
kossexhibit32103312012.htm Edgar Link pending
kossexhibit32203312012.htm Edgar Link pending
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