$KOSS
KOSS CORP

2012 Q1 Form 10-Q Financial Statement

#000144530512000195 Filed on February 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q4 2010 Q4
Revenue $8.233M $9.991M $12.80M
YoY Change -2.22% -21.95% 4.75%
Cost Of Revenue $5.081M $6.191M $7.590M
YoY Change 1.09% -18.43% 4.4%
Gross Profit $3.152M $3.800M $5.211M
YoY Change -7.13% -27.09% 5.49%
Gross Profit Margin 38.28% 38.03% 40.71%
Selling, General & Admin $3.018M $2.925M $2.589M
YoY Change 11.53% 12.98% 3.97%
% of Gross Profit 95.75% 76.98% 49.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $170.0K $170.0K $160.0K
YoY Change 30.77% 6.25% -11.11%
% of Gross Profit 5.39% 4.47% 3.07%
Operating Expenses $2.400M $2.455M $2.794M
YoY Change 3.07% -12.11% 11.75%
Operating Profit $751.1K $1.344M $2.417M
YoY Change -29.44% -44.39% -0.93%
Interest Expense -$212.7K $24.01K $107.3K
YoY Change -293.85% -77.63% -189.46%
% of Operating Profit -28.32% 1.79% 4.44%
Other Income/Expense, Net $242.0K -$24.01K -$107.3K
YoY Change -350.71% -77.63%
Pretax Income $993.2K $1.320M $2.310M
YoY Change 2.6% -42.84% -180.49%
Income Tax $96.44K $489.1K $927.8K
% Of Pretax Income 9.71% 37.04% 40.17%
Net Earnings $900.0K $830.0K $1.380M
YoY Change 40.63% -39.86% -174.59%
Net Earnings / Revenue 10.93% 8.31% 10.78%
Basic Earnings Per Share $0.12 $0.11 $0.18
Diluted Earnings Per Share $0.12 $0.11 $0.18
COMMON SHARES
Basic Shares Outstanding 7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q1 2011 Q4 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.0K $180.0K $210.0K
YoY Change -7.69% -14.29% -72.0%
Cash & Equivalents $119.4K $182.1K $214.3K
Short-Term Investments
Other Short-Term Assets $1.300M $1.680M $1.560M
YoY Change -15.58% 7.69% -19.17%
Inventory $9.153M $9.612M $9.030M
Prepaid Expenses
Receivables $4.160M $4.374M $4.960M
Other Receivables $0.00 $420.0K $0.00
Total Short-Term Assets $14.74M $16.26M $15.75M
YoY Change -8.87% 3.24% -21.84%
LONG-TERM ASSETS
Property, Plant & Equipment $2.946M $3.111M $2.430M
YoY Change 9.12% 28.02% 4.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.040M $5.010M $5.930M
YoY Change 6.53% -15.51% -15.89%
Total Long-Term Assets $13.19M $12.07M $11.22M
YoY Change 15.66% 7.55% -1.58%
TOTAL ASSETS
Total Short-Term Assets $14.74M $16.26M $15.75M
Total Long-Term Assets $13.19M $12.07M $11.22M
Total Assets $27.92M $28.33M $26.97M
YoY Change 1.27% 5.03% -14.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.414M $3.853M $4.390M
YoY Change -4.38% -12.23% -39.28%
Accrued Expenses $1.924M $2.355M $3.000M
YoY Change -34.99% -21.48% 19.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.927M $7.129M $8.330M
YoY Change -7.14% -14.41% -48.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.500M $2.300M $2.500M
YoY Change -58.33% -8.0%
Other Long-Term Liabilities $776.1K $776.1K $2.670M
YoY Change -71.57% -70.93% 6.8%
Total Long-Term Liabilities $4.505M $5.263M $5.170M
YoY Change -28.83% 1.81% 106.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.927M $7.129M $8.330M
Total Long-Term Liabilities $4.505M $5.263M $5.170M
Total Liabilities $11.43M $12.39M $13.49M
YoY Change -17.1% -8.13% -27.28%
SHAREHOLDERS EQUITY
Retained Earnings $13.94M $13.49M
YoY Change
Common Stock $2.544M $2.443M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.49M $15.93M $13.47M
YoY Change
Total Liabilities & Shareholders Equity $27.92M $28.33M $26.97M
YoY Change 1.27% 5.03% -14.52%

Cashflow Statement

Concept 2012 Q1 2011 Q4 2010 Q4
OPERATING ACTIVITIES
Net Income $900.0K $830.0K $1.380M
YoY Change 40.63% -39.86% -174.59%
Depreciation, Depletion And Amortization $170.0K $170.0K $160.0K
YoY Change 30.77% 6.25% -11.11%
Cash From Operating Activities $1.440M $2.050M $2.020M
YoY Change -2980.0% 1.49% -296.12%
INVESTING ACTIVITIES
Capital Expenditures -$260.0K -$450.0K -$460.0K
YoY Change -58.73% -2.17% 100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities -$260.0K -$450.0K -$460.0K
YoY Change -58.73% -2.17% 100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.240M -1.650M -1.520M
YoY Change -303.28% 8.55% -175.62%
NET CHANGE
Cash From Operating Activities 1.440M 2.050M 2.020M
Cash From Investing Activities -260.0K -450.0K -460.0K
Cash From Financing Activities -1.240M -1.650M -1.520M
Net Change In Cash -60.00K -50.00K 40.00K
YoY Change -14.29% -225.0% -94.67%
FREE CASH FLOW
Cash From Operating Activities $1.440M $2.050M $2.020M
Capital Expenditures -$260.0K -$450.0K -$460.0K
Free Cash Flow $1.700M $2.500M $2.480M
YoY Change 193.1% 0.81% -410.0%

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dei Document Fiscal Year Focus
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dei Document Period End Date
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2011-12-31
dei Document Type
DocumentType
10-Q
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dei Entity Registrant Name
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KOSS CORP
dei Entity Voluntary Filers
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No

Files In Submission

Name View Source Status
0001445305-12-000195-index-headers.html Edgar Link pending
0001445305-12-000195-index.html Edgar Link pending
0001445305-12-000195.txt Edgar Link pending
0001445305-12-000195-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
koss-20111231.xml Edgar Link completed
koss-20111231.xsd Edgar Link pending
koss-20111231_cal.xml Edgar Link unprocessable
koss-20111231_def.xml Edgar Link unprocessable
koss-20111231_lab.xml Edgar Link unprocessable
koss-20111231_pre.xml Edgar Link unprocessable
koss1231201110-q.htm Edgar Link pending
kossexhibit311.htm Edgar Link pending
kossexhibit312.htm Edgar Link pending
kossexhibit321.htm Edgar Link pending
kossexhibit322.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
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