$KOSS
KOSS CORP

2022 Q4 Form 10-Q Financial Statement

#000005670122000030 Filed on October 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $3.272M $3.355M
YoY Change -25.91% -23.15%
Cost Of Revenue $2.146M $2.168M
YoY Change -25.14% -22.09%
Gross Profit $1.126M $1.186M
YoY Change -27.33% -25.01%
Gross Profit Margin 34.42% 35.36%
Selling, General & Admin $2.474M $23.67M
YoY Change 101.25% 1229.21%
% of Gross Profit 219.68% 1995.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.31K $67.61K
YoY Change -15.31% -15.95%
% of Gross Profit 6.07% 5.7%
Operating Expenses $2.474M $23.67M
YoY Change 101.25% 1229.21%
Operating Profit -$1.348M -$22.48M
YoY Change -520.67% 11200.89%
Interest Expense $97.83K $27.06K
YoY Change 2598.07% 4174.25%
% of Operating Profit
Other Income/Expense, Net $0.00 $33.00M
YoY Change -100.0% 32900.0%
Pretax Income -$1.250M $10.54M
YoY Change -315.51% -10821.96%
Income Tax -$103.1K $597.9K
% Of Pretax Income 5.67%
Net Earnings -$1.147M $9.945M
YoY Change -298.09% -10108.9%
Net Earnings / Revenue -35.05% 296.46%
Basic Earnings Per Share -$0.12 $1.09
Diluted Earnings Per Share -$0.12 $1.01
COMMON SHARES
Basic Shares Outstanding 9.180M 9.148M
Diluted Shares Outstanding 9.186M 9.849M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.823M $20.87M
YoY Change 26.12% 188.54%
Cash & Equivalents $4.812M $20.87M
Short-Term Investments $5.011M
Other Short-Term Assets $341.7K $398.5K
YoY Change -27.4% -38.71%
Inventory $7.830M $7.898M
Prepaid Expenses
Receivables $1.280M $1.773M
Other Receivables $128.0K $0.00
Total Short-Term Assets $19.40M $30.94M
YoY Change -0.36% 78.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.003M $1.032M
YoY Change -16.12% -17.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.891M
YoY Change
Other Assets $19.00M $9.164M
YoY Change 141.6% -5.39%
Total Long-Term Assets $20.00M $10.20M
YoY Change 120.79% -6.84%
TOTAL ASSETS
Total Short-Term Assets $19.40M $30.94M
Total Long-Term Assets $20.00M $10.20M
Total Assets $39.41M $41.14M
YoY Change 38.11% 45.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $285.5K $521.4K
YoY Change -67.04% -49.03%
Accrued Expenses $1.287M $1.515M
YoY Change 71.25% 131.64%
Deferred Revenue $419.0K $393.3K
YoY Change -30.94% -36.22%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.720M $3.257M
YoY Change 7.65% 25.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.934M $5.079M
YoY Change 14.83% 8.77%
Total Long-Term Liabilities $4.934M $5.079M
YoY Change 14.83% 8.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.720M $3.257M
Total Long-Term Liabilities $4.934M $5.079M
Total Liabilities $7.654M $8.336M
YoY Change 12.17% 14.82%
SHAREHOLDERS EQUITY
Retained Earnings $18.80M $19.94M
YoY Change 104.09% 131.07%
Common Stock $12.95M $12.86M
YoY Change 3.65% 4.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.75M $32.80M
YoY Change
Total Liabilities & Shareholders Equity $39.41M $41.14M
YoY Change 38.11% 45.67%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$1.147M $9.945M
YoY Change -298.09% -10108.9%
Depreciation, Depletion And Amortization $68.31K $67.61K
YoY Change -15.31% -15.95%
Cash From Operating Activities -$1.154M $11.69M
YoY Change -310.74% -1359.8%
INVESTING ACTIVITIES
Capital Expenditures $38.72K $11.77K
YoY Change -315.47% -79.42%
Acquisitions
YoY Change
Other Investing Activities -$14.88M -$87.99K
YoY Change 9302981.25% -8.09%
Cash From Investing Activities -$14.92M -$99.77K
YoY Change 82260.1% -34.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 18.50K 70.44K
YoY Change -29.66% -94.84%
NET CHANGE
Cash From Operating Activities -1.154M 11.69M
Cash From Investing Activities -14.92M -99.77K
Cash From Financing Activities 18.50K 70.44K
Net Change In Cash -16.06M 11.66M
YoY Change -2990.54% 4020.65%
FREE CASH FLOW
Cash From Operating Activities -$1.154M $11.69M
Capital Expenditures $38.72K $11.77K
Free Cash Flow -$1.192M $11.68M
YoY Change -310.89% -1285.48%

Facts In Submission

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CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0

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