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Koss Corporation: 10-Q filed 2024-05-10

What Koss Corporation reported in its quarterly report filed 2024-05-10 (fiscal Q3 2024): 40 published measures, 107 facts as tagged in accession 0000056701-24-000014.

This filing

Form
10-Q (quarterly report)
Filed
2024-05-10
Fiscal period
fiscal Q3 2024
Accession
0000056701-24-000014 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Koss Corporation filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2024-03-3137,604,868USD
At 2023-06-3039,088,697USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2024-03-316,482,395USD
At 2023-06-307,281,419USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2024-03-3131,122,473USD
At 2023-12-3131,400,356USD
At 2023-06-3031,807,278USD
At 2023-03-3131,987,110USD
At 2022-12-3132,086,220USD
At 2022-06-3023,027,040USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2024-03-312,912,679USD
At 2023-06-303,091,062USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2024-01-01 to 2024-03-31-313,780USD91
2023-07-01 to 2024-03-31-840,542USD275
2023-01-01 to 2023-03-31-224,480USD90
2022-07-01 to 2023-03-318,579,052USD274

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-07-01 to 2024-03-31-16,558USD275
2022-07-01 to 2023-03-3110,616,726USD274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-07-01 to 2024-03-31460,960USD275
2022-07-01 to 2023-03-3168,242USD274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-07-01 to 2024-03-3135,800USD275
2022-07-01 to 2023-03-31137,330USD274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-07-01 to 2024-03-31-197,625USD275
2022-07-01 to 2023-03-31-17,040,594USD274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2024-03-3117,806,569USD
At 2023-06-3018,647,111USD
At 2022-12-3119,131,431USD
At 2022-06-3010,327,899USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2024-01-01 to 2024-03-319,254,795shares91
2023-07-01 to 2024-03-319,243,559shares275
2023-01-01 to 2023-03-319,206,135shares90
2022-07-01 to 2023-03-319,183,042shares274

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2024-01-01 to 2024-03-319,254,795shares91
2023-07-01 to 2024-03-319,243,559shares275
2023-01-01 to 2023-03-319,206,135shares90
2022-07-01 to 2023-03-319,791,627shares274

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2024-01-01 to 2024-03-31-0.03USD/shares91
2023-07-01 to 2024-03-31-0.09USD/shares275
2023-01-01 to 2023-03-31-0.02USD/shares90
2022-07-01 to 2023-03-310.93USD/shares274

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2024-01-01 to 2024-03-31-0.03USD/shares91
2023-07-01 to 2024-03-31-0.09USD/shares275
2023-01-01 to 2023-03-31-0.02USD/shares90
2022-07-01 to 2023-03-310.88USD/shares274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2024-01-01 to 2024-03-31-81,130USD91
2023-07-01 to 2024-03-31-77,372USD275
2023-01-01 to 2023-03-31-30,910USD90
2022-07-01 to 2023-03-31463,928USD274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2024-03-311,272,817USD
At 2023-06-30953,903USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2023-07-01 to 2024-03-31119,937USD275
2022-07-01 to 2023-03-31243,688USD274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2024-01-01 to 2024-03-31-609,724USD91
2023-07-01 to 2024-03-31-1,554,396USD275
2023-01-01 to 2023-03-31-444,983USD90
2022-07-01 to 2023-03-31-24,271,502USD274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2024-03-3117,235,656USD
At 2023-06-3029,098,859USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2024-03-311,651,648USD
At 2023-06-302,383,326USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2024-03-31215,705USD
At 2023-06-30267,513USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2024-03-311,197,055USD
At 2023-06-301,379,517USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2024-03-314,661,005USD
At 2023-06-306,423,441USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2024-01-01 to 2024-03-31841,523USD91
2023-07-01 to 2024-03-313,017,653USD275
2023-01-01 to 2023-03-311,304,358USD90
2022-07-01 to 2023-03-313,635,744USD274

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2024-01-01 to 2024-03-311,451,247USD91
2023-07-01 to 2024-03-314,572,049USD275
2023-01-01 to 2023-03-311,749,341USD90
2022-07-01 to 2023-03-3127,907,246USD274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2024-03-319,254,795shares
At 2023-06-309,234,795shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2024-03-312,912,679USD
At 2023-06-303,091,062USD
At 2023-03-312,921,632USD
At 2022-06-309,208,170USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2024-03-312,825,348USD
At 2023-06-303,015,887USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-03-3119,096,395USD
At 2023-06-309,035,935USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2024-03-31901,297USD
At 2023-06-301,342,039USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2024-03-311,117,276USD
At 2023-06-301,002,514USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2024-03-31292,795USD
At 2023-06-30450,312USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2024-03-31701,507USD
At 2023-06-30744,384USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2024-01-01 to 2024-03-31-394,910USD91
2023-07-01 to 2024-03-31-917,914USD275
2023-01-01 to 2023-03-31-255,390USD90
2022-07-01 to 2023-03-319,042,980USD274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2023-07-01 to 2024-03-31142,046USD275
2022-07-01 to 2023-03-31186,168USD274

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2022-07-01 to 2023-03-3133,000,000USD274

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2023-07-01 to 2024-03-31128,463USD275
2022-07-01 to 2023-03-31216,759USD274

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2023-07-01 to 2024-03-31-186,567USD275
2022-07-01 to 2023-03-31-570,932USD274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2023-07-01 to 2024-03-31-1,762,436USD275
2022-07-01 to 2023-03-31-1,552,103USD274

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2023-07-01 to 2024-03-31-51,808USD275
2022-07-01 to 2023-03-31-442,850USD274

Inspect the source

Entity
Koss Corporation / CIK 0000056701
Captured
2026-09-19T14:48:37.039Z
SEC response SHA-256
3bbc929e83c1eef8343953b722954abb693d8b59748e640f8a2fa16223dfab68

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000056701.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))