$KOSS
KOSS CORP

2015 Q4 Form 10-Q Financial Statement

#000005670115000049 Filed on October 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $7.229M $5.531M $5.469M
YoY Change 2.69% 1.13% -19.85%
Cost Of Revenue $4.567M $3.885M $3.627M
YoY Change -1.37% 7.12% -19.63%
Gross Profit $2.663M $1.646M $1.843M
YoY Change 10.48% -10.66% -20.29%
Gross Profit Margin 36.83% 29.76% 33.69%
Selling, General & Admin $1.989M $1.766M $1.991M
YoY Change -5.04% -11.34% -30.96%
% of Gross Profit 74.7% 107.25% 108.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $130.0K $123.5K $161.7K
YoY Change -23.53% -23.6% -22.96%
% of Gross Profit 4.88% 7.5% 8.77%
Operating Expenses $1.989M $1.766M $1.991M
YoY Change -5.04% -11.34% -8.47%
Operating Profit $673.7K -$119.4K -$148.8K
YoY Change 113.5% -19.73% -209.48%
Interest Expense $757.00 $5.318K $4.333K
YoY Change -91.07% 22.73%
% of Operating Profit 0.11%
Other Income/Expense, Net
YoY Change
Pretax Income $635.5K -$162.2K -$153.1K
YoY Change 106.94% 5.95% -219.35%
Income Tax $248.8K -$61.40K -$58.10K
% Of Pretax Income 39.16%
Net Earnings $386.6K -$100.8K -$95.00K
YoY Change 133.49% 6.11% -219.64%
Net Earnings / Revenue 5.35% -1.82% -1.74%
Basic Earnings Per Share $0.05 -$0.01 -$0.01
Diluted Earnings Per Share $0.05 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 7.383M shares 7.383M shares 7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.130M $180.0K $130.0K
YoY Change 184.0% 38.46% -97.08%
Cash & Equivalents $2.131M $180.8K $125.4K
Short-Term Investments
Other Short-Term Assets $2.320M $2.360M $2.680M
YoY Change -18.6% -11.94% 84.83%
Inventory $7.040M $6.918M $7.179M
Prepaid Expenses
Receivables $2.514M $2.912M $2.771M
Other Receivables $70.00K $330.0K $1.270M
Total Short-Term Assets $14.07M $12.70M $14.02M
YoY Change 8.13% -9.43% -26.49%
LONG-TERM ASSETS
Property, Plant & Equipment $1.595M $1.516M $1.856M
YoY Change -7.87% -18.33% -21.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.559M $7.535M $7.004M
YoY Change 5.92% 7.58% 25.75%
Total Long-Term Assets $9.154M $9.051M $8.860M
YoY Change 3.23% 2.15% -13.48%
TOTAL ASSETS
Total Short-Term Assets $14.07M $12.70M $14.02M
Total Long-Term Assets $9.154M $9.051M $8.860M
Total Assets $23.22M $21.75M $22.88M
YoY Change 6.14% -4.94% -21.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.627M $1.233M $1.510M
YoY Change 32.88% -18.39% -14.16%
Accrued Expenses $2.440M $1.458M $1.975M
YoY Change 7.24% -26.19% -1.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $400.0K $1.300M
YoY Change -69.23%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.067M $3.091M $4.961M
YoY Change 10.67% -37.7% 0.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $192.4K $211.9K $292.3K
YoY Change -24.56% -27.51% -60.5%
Total Long-Term Liabilities $2.272M $2.291M $2.613M
YoY Change -11.78% -12.32% -18.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.067M $3.091M $4.961M
Total Long-Term Liabilities $2.272M $2.291M $2.613M
Total Liabilities $6.339M $5.382M $7.574M
YoY Change 1.42% -28.94% -6.52%
SHAREHOLDERS EQUITY
Retained Earnings $11.98M $11.59M $11.11M
YoY Change 6.19% 4.29% -37.31%
Common Stock $4.909M $4.780M $4.196M
YoY Change 12.81% 13.92% 20.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.88M $16.37M $15.31M
YoY Change
Total Liabilities & Shareholders Equity $23.22M $21.75M $22.88M
YoY Change 6.14% -4.94% -21.94%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $386.6K -$100.8K -$95.00K
YoY Change 133.49% 6.11% -219.64%
Depreciation, Depletion And Amortization $130.0K $123.5K $161.7K
YoY Change -23.53% -23.6% -22.96%
Cash From Operating Activities $2.560M -$1.040M -$2.660M
YoY Change 29.95% -60.9% -158.85%
INVESTING ACTIVITIES
Capital Expenditures -$210.0K $46.64K $180.5K
YoY Change 425.0% -74.17% -23.24%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$130.0K -$230.0K
YoY Change -43.48% -4.17%
Cash From Investing Activities -$210.0K -$180.0K -$410.0K
YoY Change 425.0% -56.1% -14.58%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K 1.300M
YoY Change -69.23% -395.45%
NET CHANGE
Cash From Operating Activities 2.560M -1.040M -2.660M
Cash From Investing Activities -210.0K -180.0K -410.0K
Cash From Financing Activities 400.0K 1.300M
Net Change In Cash 2.350M -820.0K -1.770M
YoY Change 273.02% -53.67% -149.17%
FREE CASH FLOW
Cash From Operating Activities $2.560M -$1.040M -$2.660M
Capital Expenditures -$210.0K $46.64K $180.5K
Free Cash Flow $2.770M -$1.087M -$2.841M
YoY Change 37.81% -61.75% -166.29%

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Files In Submission

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