$KOSS
KOSS CORP

2024 Q4 Form 10-Q Financial Statement

#000005670124000043 Filed on November 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $3.202M
YoY Change -5.1%
Cost Of Revenue $2.029M
YoY Change -12.02%
Gross Profit $1.173M
YoY Change 9.86%
Gross Profit Margin 36.63%
Selling, General & Admin $1.810M
YoY Change 17.82%
% of Gross Profit 154.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.13K
YoY Change 16.48%
% of Gross Profit 4.53%
Operating Expenses $1.810M
YoY Change 17.82%
Operating Profit -$637.1K
YoY Change 35.97%
Interest Expense $220.4K
YoY Change 3.52%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$416.8K
YoY Change 62.97%
Income Tax $2.760K
% Of Pretax Income
Net Earnings -$419.5K
YoY Change 62.86%
Net Earnings / Revenue -13.1%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$0.05
COMMON SHARES
Basic Shares Outstanding 9.351M 9.300M
Diluted Shares Outstanding 9.310M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.89M
YoY Change -37.96%
Cash & Equivalents $2.751M
Short-Term Investments $9.142M
Other Short-Term Assets $1.162M
YoY Change 152.51%
Inventory $4.735M
Prepaid Expenses
Receivables $1.389M
Other Receivables $158.9K
Total Short-Term Assets $19.34M
YoY Change -28.18%
LONG-TERM ASSETS
Property, Plant & Equipment $1.527M
YoY Change 25.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.997M
YoY Change
Other Assets $17.24M
YoY Change 87.49%
Total Long-Term Assets $18.76M
YoY Change 80.17%
TOTAL ASSETS
Total Short-Term Assets $19.34M
Total Long-Term Assets $18.76M
Total Assets $38.10M
YoY Change 2.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $731.7K
YoY Change 220.15%
Accrued Expenses $1.113M
YoY Change 123.43%
Deferred Revenue $249.0K
YoY Change -29.4%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.365M
YoY Change 80.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $4.890M
YoY Change 2.3%
Total Long-Term Liabilities $4.890M
YoY Change 2.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.365M
Total Long-Term Liabilities $4.890M
Total Liabilities $7.255M
YoY Change 19.15%
SHAREHOLDERS EQUITY
Retained Earnings $17.28M
YoY Change -4.25%
Common Stock $13.57M
YoY Change 2.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.85M
YoY Change
Total Liabilities & Shareholders Equity $38.10M
YoY Change 2.04%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$419.5K
YoY Change 62.86%
Depreciation, Depletion And Amortization $53.13K
YoY Change 16.48%
Cash From Operating Activities $201.6K
YoY Change -128.26%
INVESTING ACTIVITIES
Capital Expenditures $357.2K
YoY Change 14.22%
Acquisitions
YoY Change
Other Investing Activities -$35.58K
YoY Change -55.53%
Cash From Investing Activities -$392.8K
YoY Change -0.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 104.9K
YoY Change
NET CHANGE
Cash From Operating Activities 201.6K
Cash From Investing Activities -392.8K
Cash From Financing Activities 104.9K
Net Change In Cash -86.35K
YoY Change -92.2%
FREE CASH FLOW
Cash From Operating Activities $201.6K
Capital Expenditures $357.2K
Free Cash Flow -$155.6K
YoY Change -84.83%

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CY2024Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
7997286
CY2024Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
8094293
CY2024Q3 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
17139610
CY2024Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
17259236
CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
12104459
CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
12075702
CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
4994327
CY2024Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
4966806
CY2024Q2 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
17098786
CY2024Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
17042508
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
2035285
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
1973531
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4658042
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4357621
CY2024Q3 us-gaap Inventory Gross
InventoryGross
6693327
CY2024Q2 us-gaap Inventory Gross
InventoryGross
6331152
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1958217
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1857472
CY2024Q3 us-gaap Inventory Net
InventoryNet
4735110
CY2024Q2 us-gaap Inventory Net
InventoryNet
4473680
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3201868
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3373938
CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
77103
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
107205
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-419535
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-257609
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9310002
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9234795
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9310002
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9234795
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
477043
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
773085
CY2024Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2024Q3 koss Lease Extension Per Year
LeaseExtensionPerYear
380000
CY2024Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
41000
CY2024Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
41000

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0000056701-24-000043-index-headers.html Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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