$KOSS
KOSS CORP

2023 Q4 Form 10-Q Financial Statement

#000005670123000044 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.360M $3.374M
YoY Change 2.7% 0.58%
Cost Of Revenue $2.252M $2.306M
YoY Change 4.94% 6.36%
Gross Profit $1.108M $1.068M
YoY Change -1.57% -9.99%
Gross Profit Margin 32.99% 31.65%
Selling, General & Admin $1.585M $1.536M
YoY Change -35.95% -93.51%
% of Gross Profit 142.95% 143.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.65K $45.61K
YoY Change -36.1% -32.53%
% of Gross Profit 3.94% 4.27%
Operating Expenses $1.585M $1.536M
YoY Change -35.95% -93.51%
Operating Profit -$476.1K -$468.6K
YoY Change -64.68% -97.92%
Interest Expense $208.8K $212.9K
YoY Change 113.44% 686.73%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$267.3K -$255.7K
YoY Change -78.62% -102.43%
Income Tax $1.879K $1.879K
% Of Pretax Income
Net Earnings -$269.2K -$257.6K
YoY Change -76.53% -102.59%
Net Earnings / Revenue -8.01% -7.64%
Basic Earnings Per Share -$0.03 -$0.03
Diluted Earnings Per Share -$0.03 -$0.03
COMMON SHARES
Basic Shares Outstanding 9.235M 9.235M
Diluted Shares Outstanding 9.241M 9.235M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.60M $19.17M
YoY Change 48.59% -8.15%
Cash & Equivalents $2.524M $1.984M
Short-Term Investments $12.07M $17.18M
Other Short-Term Assets $1.062M $460.0K
YoY Change 210.92% 15.44%
Inventory $5.167M $5.779M
Prepaid Expenses
Receivables $1.514M $1.331M
Other Receivables $261.4K $180.0K
Total Short-Term Assets $22.60M $26.92M
YoY Change 16.48% -12.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.262M $1.221M
YoY Change 25.86% 18.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.001M
YoY Change -49.44%
Other Assets $14.14M $9.194M
YoY Change -25.58% 0.33%
Total Long-Term Assets $15.40M $10.41M
YoY Change -23.0% 2.14%
TOTAL ASSETS
Total Short-Term Assets $22.60M $26.92M
Total Long-Term Assets $15.40M $10.41M
Total Assets $38.00M $37.34M
YoY Change -3.56% -9.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $262.5K $228.5K
YoY Change -8.05% -56.17%
Accrued Expenses $923.2K $498.2K
YoY Change -28.27% -67.11%
Deferred Revenue $334.7K $352.7K
YoY Change -20.13% -10.3%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.758M $1.312M
YoY Change -35.37% -59.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.844M $4.780M
YoY Change -1.83% -5.89%
Total Long-Term Liabilities $4.844M $4.777M
YoY Change -1.83% -5.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.758M $1.312M
Total Long-Term Liabilities $4.844M $4.777M
Total Liabilities $6.602M $6.089M
YoY Change -13.75% -26.96%
SHAREHOLDERS EQUITY
Retained Earnings $18.12M $18.04M
YoY Change -3.6% -9.53%
Common Stock $13.28M $13.21M
YoY Change 2.51% 2.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.40M $31.25M
YoY Change
Total Liabilities & Shareholders Equity $38.00M $37.34M
YoY Change -3.56% -9.23%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$269.2K -$257.6K
YoY Change -76.53% -102.59%
Depreciation, Depletion And Amortization $43.65K $45.61K
YoY Change -36.1% -32.53%
Cash From Operating Activities $364.8K -$713.2K
YoY Change -131.63% -106.1%
INVESTING ACTIVITIES
Capital Expenditures $91.59K $312.7K
YoY Change 136.54% 2556.23%
Acquisitions
YoY Change
Other Investing Activities $224.2K -$80.00K
YoY Change -101.51% -9.08%
Cash From Investing Activities $132.6K -$393.5K
YoY Change -100.89% 294.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 35.80K 0.000
YoY Change 93.51% -100.0%
NET CHANGE
Cash From Operating Activities 364.8K -713.2K
Cash From Investing Activities 132.6K -393.5K
Cash From Financing Activities 35.80K 0.000
Net Change In Cash 533.2K -1.107M
YoY Change -103.32% -109.49%
FREE CASH FLOW
Cash From Operating Activities $364.8K -$713.2K
Capital Expenditures $91.59K $312.7K
Free Cash Flow $273.2K -$1.026M
YoY Change -122.92% -108.78%

Facts In Submission

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