$KOSS
KOSS CORP Stock $koss

$koss Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000005670116000091 Filed on October 28, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q3
Revenue	$6.688M	$6.349M	$5.531M
YoY Change	-7.49%	14.78%	1.13%
Cost Of Revenue	$4.481M	$4.406M	$3.885M
YoY Change	-1.87%	13.42%	7.12%
Gross Profit	$2.207M	$1.942M	$1.646M
YoY Change	-17.13%	17.97%	-10.66%
Gross Profit Margin	33.0%	30.59%	29.76%
Selling, General & Admin	$1.987M	$1.776M	$1.766M
YoY Change	-0.09%	0.57%	-11.34%
% of Gross Profit	90.06%	91.43%	107.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$130.0K	$123.8K	$123.5K
YoY Change	0.0%	0.27%	-23.6%
% of Gross Profit	5.89%	6.38%	7.5%
Operating Expenses	$1.987M	$1.776M	$1.766M
YoY Change	-0.09%	0.57%	-11.34%
Operating Profit	$219.3K	$166.5K	-$119.4K
YoY Change	-67.45%	-239.42%	-19.73%
Interest Expense	$118.00	$846.00	$5.318K
YoY Change	-84.41%	-84.09%	22.73%
% of Operating Profit	0.05%	0.51%
Other Income/Expense, Net
YoY Change
Pretax Income	$222.6K	$128.1K	-$162.2K
YoY Change	-64.97%	-179.0%	5.95%
Income Tax	$82.49K	$43.93K	-$61.40K
% Of Pretax Income	37.06%	34.28%
Net Earnings	$140.1K	$84.21K	-$100.8K
YoY Change	-63.76%	-183.54%	6.11%
Net Earnings / Revenue	2.1%	1.33%	-1.82%
Basic Earnings Per Share	$0.02	$0.01	-$0.01
Diluted Earnings Per Share	$0.02	$0.01	-$0.01
COMMON SHARES
Basic Shares Outstanding	7.383M shares	7.383M shares	7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$810.0K	$460.0K	$180.0K
YoY Change	-61.97%	155.56%	38.46%
Cash & Equivalents	$807.9K	$459.9K	$180.8K
Short-Term Investments
Other Short-Term Assets	$410.0K	$510.0K	$2.360M
YoY Change	-82.33%	-78.39%	-11.94%
Inventory	$7.980M	$7.388M	$6.918M
Prepaid Expenses
Receivables	$3.679M	$3.260M	$2.912M
Other Receivables	$530.0K	$610.0K	$330.0K
Total Short-Term Assets	$13.41M	$12.22M	$12.70M
YoY Change	-4.7%	-3.76%	-9.43%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.595M	$1.597M	$1.516M
YoY Change	-0.01%	5.35%	-18.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$9.116M	$9.125M	$7.535M
YoY Change	20.59%	21.11%	7.58%
Total Long-Term Assets	$10.71M	$10.72M	$9.051M
YoY Change	17.0%	18.47%	2.15%
TOTAL ASSETS
Total Short-Term Assets	$13.41M	$12.22M	$12.70M
Total Long-Term Assets	$10.71M	$10.72M	$9.051M
Total Assets	$24.12M	$22.94M	$21.75M
YoY Change	3.85%	5.49%	-4.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.998M	$634.2K	$1.233M
YoY Change	22.84%	-48.55%	-18.39%
Accrued Expenses	$1.169M	$1.590M	$1.458M
YoY Change	-52.1%	9.05%	-26.19%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$400.0K
YoY Change		-100.0%	-69.23%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.167M	$2.224M	$3.091M
YoY Change	-22.13%	-28.04%	-37.7%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$173.5K	$171.8K	$211.9K
YoY Change	-9.85%	-18.93%	-27.51%
Total Long-Term Liabilities	$2.364M	$2.361M	$2.291M
YoY Change	4.02%	3.03%	-12.32%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.167M	$2.224M	$3.091M
Total Long-Term Liabilities	$2.364M	$2.361M	$2.291M
Total Liabilities	$5.531M	$4.585M	$5.382M
YoY Change	-12.75%	-14.81%	-28.94%
SHAREHOLDERS EQUITY
Retained Earnings	$13.30M	$13.16M	$11.59M
YoY Change	11.09%	13.58%	4.29%
Common Stock	$5.285M	$5.196M	$4.780M
YoY Change	7.66%	8.72%	13.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$18.59M	$18.36M	$16.37M
YoY Change
Total Liabilities & Shareholders Equity	$24.12M	$22.94M	$21.75M
YoY Change	3.85%	5.49%	-4.94%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q3
OPERATING ACTIVITIES
Net Income	$140.1K	$84.21K	-$100.8K
YoY Change	-63.76%	-183.54%	6.11%
Depreciation, Depletion And Amortization	$130.0K	$123.8K	$123.5K
YoY Change	0.0%	0.27%	-23.6%
Cash From Operating Activities	$480.0K	$60.00K	-$1.040M
YoY Change	-81.25%	-105.77%	-60.9%
INVESTING ACTIVITIES
Capital Expenditures	-$130.0K	$206.3K	$46.64K
YoY Change	-38.1%	342.39%	-74.17%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$130.0K	-$130.0K
YoY Change		0.0%	-43.48%
Cash From Investing Activities	-$130.0K	-$340.0K	-$180.0K
YoY Change	-38.1%	88.89%	-56.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		0.000	400.0K
YoY Change		-100.0%	-69.23%
NET CHANGE
Cash From Operating Activities	480.0K	60.00K	-1.040M
Cash From Investing Activities	-130.0K	-340.0K	-180.0K
Cash From Financing Activities		0.000	400.0K
Net Change In Cash	350.0K	-280.0K	-820.0K
YoY Change	-85.11%	-65.85%	-53.67%
FREE CASH FLOW
Cash From Operating Activities	$480.0K	$60.00K	-$1.040M
Capital Expenditures	-$130.0K	$206.3K	$46.64K
Free Cash Flow	$610.0K	-$146.3K	-$1.087M
YoY Change	-77.98%	-86.54%	-61.75%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q3	dei	Amendment Flag AmendmentFlag	false
CY2016Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2016Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2016Q3	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
CY2016Q3	dei	Document Type DocumentType	10-Q
CY2016Q3	dei	Entity Central Index Key EntityCentralIndexKey	0000056701
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7382706	shares
CY2016Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016Q3	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q3	dei	Entity Registrant Name EntityRegistrantName	KOSS CORP
CY2016Q3	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016Q3	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2016Q2	koss	Accrued Returns AccruedReturns	140918	USD
CY2016Q3	koss	Accrued Returns AccruedReturns	120763	USD
CY2016Q2	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	479645	USD
CY2016Q3	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	464925	USD
CY2016Q2	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	47753	USD
CY2016Q3	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	222868	USD
CY2015Q3	koss	Deferred Compensation Arrangement Distributions Paid DeferredCompensationArrangementDistributionsPaid	37500	USD
CY2016Q3	koss	Deferred Compensation Arrangement Distributions Paid DeferredCompensationArrangementDistributionsPaid	37500	USD
CY2015Q3	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	37475	USD
CY2016Q3	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	37500	USD
CY2016Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	1966656	USD
CY2016Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	634245	USD
CY2016Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3530854	USD
CY2016Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3259979	USD
CY2016Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	147450	USD
CY2016Q3	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	42404	USD
CY2016Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1601652	USD
CY2016Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1590053	USD
CY2016Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	127329	USD
CY2016Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	77800	USD
CY2016Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	70050	USD
CY2016Q3	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	62274	USD
CY2016Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5070956	USD
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CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	55175	USD
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CY2015Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2335000	shares
CY2016Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2365000	shares
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CY2016Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	5667105	USD
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CY2016Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
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CY2015Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	123505	USD
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CY2016Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2365969	USD
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CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	84211	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8879661	USD
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CY2016Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	77394	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	178255	USD
CY2016Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	171755	USD
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CY2015Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	46635	USD
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CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	281099	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	507414	USD
CY2015Q3	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	400000	USD
CY2016Q3	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	0	USD
CY2016Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	305275	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	13162535	USD
CY2015Q3	us-gaap	Sales Revenue Net SalesRevenueNet	5531262	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	6348706	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1514472	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1596944	USD
CY2015Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-14682	USD
CY2016Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	705	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	13078324	USD
CY2015Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1765746	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1775771	USD
CY2015Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	390000	shares
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	485000	shares
CY2015Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.76
CY2016Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.33
CY2015Q3	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	116004	USD
CY2016Q3	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	88523	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	18186194	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	18358928	USD
CY2015Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	15200	USD
CY2016Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	172734	USD
CY2016Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q3	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	0	USD
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares

Files In Submission

Name	View Source	Status
0000056701-16-000091-index-headers.html	Edgar Link	pending
0000056701-16-000091-index.html	Edgar Link	pending
0000056701-16-000091.txt	Edgar Link	pending
0000056701-16-000091-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
fy17q110-q.htm	Edgar Link	pending
koss-20160930.xml	Edgar Link	completed
koss-20160930.xsd	Edgar Link	pending
koss-20160930_cal.xml	Edgar Link	unprocessable
koss-20160930_def.xml	Edgar Link	unprocessable
koss-20160930_lab.xml	Edgar Link	unprocessable
koss-20160930_pre.xml	Edgar Link	unprocessable
kossexhibit31109302016.htm	Edgar Link	pending
kossexhibit31209302016.htm	Edgar Link	pending
kossexhibit32109302016.htm	Edgar Link	pending
kossexhibit32209302016.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$KOSS
KOSS CORP Stock $koss

2016 Q4 Form 10-Q Financial Statement

#000005670116000091 Filed on October 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS KOSS CORP Stock $koss

2016 Q4 Form 10-Q Financial Statement

#000005670116000091 Filed on October 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS
KOSS CORP Stock $koss