$KOSS
KOSS CORP

2020 Q4 Form 10-Q Financial Statement

#000005670121000006 Filed on January 29, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $4.930M $4.163M $5.411M
YoY Change 18.43% -23.07% -6.47%
Cost Of Revenue $3.312M $2.799M $4.063M
YoY Change 18.34% -25.35% 2.77%
Gross Profit $1.618M $1.364M $1.347M
YoY Change 18.61% -17.95% -26.42%
Gross Profit Margin 32.82% 32.77% 24.9%
Selling, General & Admin $1.616M $1.587M $1.665M
YoY Change 1.84% 1.75% -6.98%
% of Gross Profit 99.87% 116.32% 123.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.00K $100.0K $94.36K
YoY Change -20.0% -16.67% -24.96%
% of Gross Profit 4.94% 7.33% 7.0%
Operating Expenses $1.616M $1.587M $1.665M
YoY Change 1.84% 1.75% -6.98%
Operating Profit $2.073K -$222.6K -$317.1K
YoY Change -100.93% -315.82% -862.46%
Interest Expense $2.660K $6.927K $6.397K
YoY Change -61.6%
% of Operating Profit 128.32%
Other Income/Expense, Net $506.7K
YoY Change
Pretax Income $511.4K -$215.7K -$310.7K
YoY Change -337.11% -309.11% -847.08%
Income Tax $2.543K $22.00 $0.00
% Of Pretax Income 0.5%
Net Earnings $508.9K -$215.7K -$310.7K
YoY Change -335.91% -309.13% -847.53%
Net Earnings / Revenue 10.32% -5.18% -5.74%
Basic Earnings Per Share $0.07 -$0.03 -$0.04
Diluted Earnings Per Share $0.07 -$0.03 -$0.04
COMMON SHARES
Basic Shares Outstanding 7.406M 7.405M 7.405M
Diluted Shares Outstanding 7.453M 7.405M 7.405M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.390M $2.230M $1.330M
YoY Change 96.86% -0.89% -21.76%
Cash & Equivalents $4.395M $2.229M $1.329M
Short-Term Investments
Other Short-Term Assets $400.0K $230.0K $230.0K
YoY Change 73.91% -14.81% -28.13%
Inventory $5.803M $6.701M $6.859M
Prepaid Expenses
Receivables $2.540M $2.468M $3.132M
Other Receivables $10.00K $50.00K $50.00K
Total Short-Term Assets $13.15M $11.69M $11.60M
YoY Change 12.5% -8.26% -3.64%
LONG-TERM ASSETS
Property, Plant & Equipment $3.650M $940.4K $959.6K
YoY Change 288.15% -5.57% -6.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.140M $9.546M $9.620M
YoY Change -25.21% 0.5% 0.61%
Total Long-Term Assets $10.79M $10.49M $10.58M
YoY Change 2.89% -0.07% -0.03%
TOTAL ASSETS
Total Short-Term Assets $13.15M $11.69M $11.60M
Total Long-Term Assets $10.79M $10.49M $10.58M
Total Assets $23.94M $22.18M $22.18M
YoY Change 7.96% -4.56% -1.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.110M $829.3K $572.2K
YoY Change 33.85% -53.67% -49.48%
Accrued Expenses $1.340M $761.8K $711.6K
YoY Change 75.89% 19.45% -19.66%
Deferred Revenue $495.1K $616.7K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.090M $2.357M $2.169M
YoY Change 31.08% -28.79% -24.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.660M $4.990M $5.100M
YoY Change -6.61% -5.49% -4.67%
Total Long-Term Liabilities $4.660M $4.988M $5.100M
YoY Change -6.57% -5.51% -4.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.090M $2.357M $2.169M
Total Long-Term Liabilities $4.660M $4.988M $5.100M
Total Liabilities $7.750M $7.345M $7.269M
YoY Change 5.51% -14.48% -11.4%
SHAREHOLDERS EQUITY
Retained Earnings $8.175M $8.391M
YoY Change -5.11% -1.07%
Common Stock $6.655M $6.518M
YoY Change 10.36% 9.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.19M $14.83M $14.91M
YoY Change
Total Liabilities & Shareholders Equity $23.94M $22.18M $22.18M
YoY Change 7.96% -4.56% -1.95%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $508.9K -$215.7K -$310.7K
YoY Change -335.91% -309.13% -847.53%
Depreciation, Depletion And Amortization $80.00K $100.0K $94.36K
YoY Change -20.0% -16.67% -24.96%
Cash From Operating Activities $960.0K $970.0K -$622.3K
YoY Change -1.03% 51.56% -187.92%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$80.00K $163.9K
YoY Change 25.0% -20.0% 1008.05%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$110.0K
YoY Change -8.33%
Cash From Investing Activities -$110.0K -$70.00K -$276.5K
YoY Change 57.14% -30.0% 101.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.00K 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 960.0K 970.0K -622.3K
Cash From Investing Activities -110.0K -70.00K -276.5K
Cash From Financing Activities 90.00K 0.000
Net Change In Cash 940.0K 900.0K -898.8K
YoY Change 4.44% 66.67% -245.69%
FREE CASH FLOW
Cash From Operating Activities $960.0K $970.0K -$622.3K
Capital Expenditures -$100.0K -$80.00K $163.9K
Free Cash Flow $1.060M $1.050M -$786.2K
YoY Change 0.95% 41.89% -213.44%

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