$KOSS
KOSS CORP

2023 Q2 Form 10-Q Financial Statement

#000005670123000013 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $3.104M $3.369M
YoY Change -25.95% -27.3%
Cost Of Revenue $2.252M $2.076M
YoY Change -15.64% -22.27%
Gross Profit $852.4K $1.293M
YoY Change -44.02% -34.16%
Gross Profit Margin 27.46% 38.37%
Selling, General & Admin $1.468M $1.746M
YoY Change 28.89% 11.47%
% of Gross Profit 172.21% 135.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.12K $50.25K
YoY Change -35.44% -21.52%
% of Gross Profit 5.18% 3.89%
Operating Expenses $1.468M $1.746M
YoY Change 28.89% 11.47%
Operating Profit -$615.5K -$453.4K
YoY Change -260.37% -214.26%
Interest Expense $206.3K $189.6K
YoY Change 5506.79% 5198.85%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$409.2K -$263.8K
YoY Change -205.6% -164.84%
Income Tax -$146.6K -$30.91K
% Of Pretax Income
Net Earnings -$262.6K -$232.9K
YoY Change -168.11% -157.75%
Net Earnings / Revenue -8.46% -6.91%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.03 -$0.03
COMMON SHARES
Basic Shares Outstanding 9.217M 9.190M
Diluted Shares Outstanding 9.206M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.16M $14.97M
YoY Change 118.89% 57.75%
Cash & Equivalents $3.091M $2.922M
Short-Term Investments $17.06M $12.05M
Other Short-Term Assets $284.6K $394.2K
YoY Change 51.01% -14.48%
Inventory $6.423M $7.079M
Prepaid Expenses
Receivables $1.380M $1.235M
Other Receivables $138.1K $56.02K
Total Short-Term Assets $28.38M $23.73M
YoY Change 42.8% 18.57%
LONG-TERM ASSETS
Property, Plant & Equipment $953.9K $967.8K
YoY Change -12.33% -15.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.949M
YoY Change
Other Assets $9.036M $14.00M
YoY Change 0.48% 79.66%
Total Long-Term Assets $9.990M $14.97M
YoY Change -0.9% 67.46%
TOTAL ASSETS
Total Short-Term Assets $28.38M $23.73M
Total Long-Term Assets $9.990M $14.97M
Total Assets $38.37M $38.70M
YoY Change 28.09% 33.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $267.5K $353.3K
YoY Change -66.4% -54.38%
Accrued Expenses $970.5K $870.8K
YoY Change 73.2% 7.97%
Deferred Revenue $450.3K $379.1K
YoY Change -17.21% -36.4%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.012M $2.087M
YoY Change -5.41% -15.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.898M $4.974M
YoY Change -4.53% 17.12%
Total Long-Term Liabilities $4.898M $4.974M
YoY Change -4.53% 17.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.012M $2.087M
Total Long-Term Liabilities $4.898M $4.974M
Total Liabilities $6.910M $7.060M
YoY Change -4.79% 4.96%
SHAREHOLDERS EQUITY
Retained Earnings $18.30M $18.56M
YoY Change 83.04% 93.11%
Common Stock $13.16M $13.08M
YoY Change 3.63% 3.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.46M $31.64M
YoY Change
Total Liabilities & Shareholders Equity $38.37M $38.70M
YoY Change 28.09% 33.66%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$262.6K -$232.9K
YoY Change -168.11% -157.75%
Depreciation, Depletion And Amortization $44.12K $50.25K
YoY Change -35.44% -21.52%
Cash From Operating Activities $118.9K $78.15K
YoY Change -144.1% -126.75%
INVESTING ACTIVITIES
Capital Expenditures $30.20K $17.75K
YoY Change -398.12% -177.61%
Acquisitions
YoY Change
Other Investing Activities $46.68K -$1.999M
YoY Change -199.27%
Cash From Investing Activities $16.48K -$2.017M
YoY Change -262.69% -201.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 34.02K 48.39K
YoY Change
NET CHANGE
Cash From Operating Activities 118.9K 78.15K
Cash From Investing Activities 16.48K -2.017M
Cash From Financing Activities 34.02K 48.39K
Net Change In Cash 169.4K -1.891M
YoY Change -160.56% -211.27%
FREE CASH FLOW
Cash From Operating Activities $118.9K $78.15K
Capital Expenditures $30.20K $17.75K
Free Cash Flow $88.72K $60.40K
YoY Change -134.19% -122.43%

Facts In Submission

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