$KOSS
KOSS CORP

2019 Q4 Form 10-Q Financial Statement

#000143774920001491 Filed on January 31, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $4.163M $5.411M $5.785M
YoY Change -23.07% -8.03% -4.92%
Cost Of Revenue $2.799M $3.749M $3.954M
YoY Change -25.35% -6.61% -10.15%
Gross Profit $1.364M $1.662M $1.831M
YoY Change -17.95% -11.43% 8.76%
Gross Profit Margin 32.77% 30.72% 31.65%
Selling, General & Admin $1.587M $1.559M $1.790M
YoY Change 1.75% -13.38% 8.61%
% of Gross Profit 116.32% 93.8% 97.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $120.0K $125.7K
YoY Change -16.67% -7.69% -4.27%
% of Gross Profit 7.33% 7.22% 6.87%
Operating Expenses $1.587M $1.559M $1.790M
YoY Change 1.75% -13.38% 8.61%
Operating Profit -$222.6K $103.1K $41.60K
YoY Change -315.82% 34.48% 15.72%
Interest Expense $6.927K $0.00 $0.00
YoY Change -100.0% -100.0%
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income -$215.7K $103.1K $41.60K
YoY Change -309.11% 35.82% -12.73%
Income Tax $22.00 $25.00
% Of Pretax Income 0.06%
Net Earnings -$215.7K $103.1K $41.57K
YoY Change -309.13% -103.51% 89.22%
Net Earnings / Revenue -5.18% 1.91% 0.72%
Basic Earnings Per Share -$0.03 $0.01 $0.01
Diluted Earnings Per Share -$0.03 $0.01 $0.01
COMMON SHARES
Basic Shares Outstanding 7.405M 7.405M 7.390M
Diluted Shares Outstanding 7.405M 7.413M 7.484M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.230M $2.250M $1.700M
YoY Change -0.89% 389.13% 608.33%
Cash & Equivalents $2.229M $2.247M $1.698M
Short-Term Investments
Other Short-Term Assets $230.0K $270.0K $320.0K
YoY Change -14.81% -3.57% -3.03%
Inventory $6.701M $7.186M $6.397M
Prepaid Expenses
Receivables $2.468M $3.010M $3.587M
Other Receivables $50.00K $30.00K $30.00K
Total Short-Term Assets $11.69M $12.74M $12.04M
YoY Change -8.26% 7.16% -7.25%
LONG-TERM ASSETS
Property, Plant & Equipment $940.4K $995.9K $1.021M
YoY Change -5.57% -27.54% -28.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.546M $9.498M $9.561M
YoY Change 0.5% 50.1% 2.64%
Total Long-Term Assets $10.49M $10.49M $10.58M
YoY Change -0.07% 36.25% -1.55%
TOTAL ASSETS
Total Short-Term Assets $11.69M $12.74M $12.04M
Total Long-Term Assets $10.49M $10.49M $10.58M
Total Assets $22.18M $23.24M $22.62M
YoY Change -4.56% 18.6% -4.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $829.3K $1.790M $1.133M
YoY Change -53.67% 43.91% -53.46%
Accrued Expenses $761.8K $637.8K $885.7K
YoY Change 19.45% -39.93% -23.35%
Deferred Revenue $495.1K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.357M $3.311M $2.859M
YoY Change -28.79% 43.59% -20.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.990M $5.280M $5.350M
YoY Change -5.49% 3262.12% 3182.21%
Total Long-Term Liabilities $4.988M $5.279M $5.346M
YoY Change -5.51% 113.86% 116.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.357M $3.311M $2.859M
Total Long-Term Liabilities $4.988M $5.279M $5.346M
Total Liabilities $7.345M $8.589M $8.205M
YoY Change -14.48% 79.92% 35.51%
SHAREHOLDERS EQUITY
Retained Earnings $8.175M $8.616M $8.482M
YoY Change -5.11% -6.29% -30.09%
Common Stock $6.655M $6.030M $5.933M
YoY Change 10.36% 7.23% 7.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.83M $14.65M $14.41M
YoY Change
Total Liabilities & Shareholders Equity $22.18M $23.24M $22.62M
YoY Change -4.56% 18.6% -4.67%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$215.7K $103.1K $41.57K
YoY Change -309.13% -103.51% 89.22%
Depreciation, Depletion And Amortization $100.0K $120.0K $125.7K
YoY Change -16.67% -7.69% -4.27%
Cash From Operating Activities $970.0K $640.0K $707.8K
YoY Change 51.56% 120.69% 607.79%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$100.0K $14.79K
YoY Change -20.0% 42.86% -90.59%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$120.0K
YoY Change -7.69%
Cash From Investing Activities -$70.00K -$100.0K -$137.5K
YoY Change -30.0% 42.86% -52.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 46.68K
YoY Change
NET CHANGE
Cash From Operating Activities 970.0K 640.0K 707.8K
Cash From Investing Activities -70.00K -100.0K -137.5K
Cash From Financing Activities 0.000 0.000 46.68K
Net Change In Cash 900.0K 540.0K 616.9K
YoY Change 66.67% 145.45% -424.7%
FREE CASH FLOW
Cash From Operating Activities $970.0K $640.0K $707.8K
Capital Expenditures -$80.00K -$100.0K $14.79K
Free Cash Flow $1.050M $740.0K $693.0K
YoY Change 41.89% 105.56% -1310.65%

Facts In Submission

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us-gaap Selling General And Administrative Expense
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3251305
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3348935
us-gaap Share Based Compensation
ShareBasedCompensation
284894
us-gaap Share Based Compensation
ShareBasedCompensation
251169
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
46677
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
14830533
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
15072101
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
14203754
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
14646319
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
14909540
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
14414643
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7404831
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7413391
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7404831
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7423517
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7404831
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7404831
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7404831
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7397291

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