Company profile

Ticker
KOSS
Exchange
CEO
Michael J. Koss
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
391168275

KOSS stock data

(
)

Calendar

10 May 19
24 Aug 19
30 Jun 20

News

Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 4.86M 5.41M 5.78M 7.24M
Net income 172.31K 134.12K 67.41K 295.57K
Diluted EPS 0.02 0.02 0.01 0.04
Net profit margin 3.55% 2.48% 1.17% 4.08%
Net change in cash 476.13K 548.31K 616.92K -488.38K
Cash on hand 2.72M 2.25M 1.7M 1.08M
Cost of revenue 3.21M 3.75M 3.95M 5.14M
Annual (USD) Jun 18 Jun 17 Jun 16 Jun 15
Revenue 23.52M 24.05M 26M 24.23M
Net income -3.39M -963.64K 1.39M 482.61K
Diluted EPS -0.46 -0.13 0.19 0.07
Net profit margin -14.40% -4.01% 5.34% 1.99%
Operating income 512.8K
Net change in cash 649.25K -303.11K -264.87K -899.15K
Cash on hand 1.08M 432.28K 735.39K 1M
Cost of revenue 16.93M 17.16M 17.06M 15.78M

Financial data from Koss earnings reports

Financial report summary

?
Management Discussion
  • For the three months ended March 31, 2019, sales increased 10.7%. Net sales increased in both the export and domestic markets. For the nine months ended March 31, 2019 net sales declined 1.9% primarily due to a decrease in domestic mass retail customers and certain domestic distributors with these declines partially offset by increased sales in the export markets.
  • Net sales in the domestic market were approximately $3,688,000 in the three months ended March 31, 2019, which is a 3.4% increase from last year's approximately $3,568,000. Net sales to mass retail and certain distributors improved during the quarter. In addition, there have been strong sales to a direct to consumer customer.
  • For the nine months ended March 31, 2019, domestic net sales decreased from approximately $11,949,000 to approximately $10,644,000. Declines in sales to mass retail customers and certain distributors accounted for most of the decrease in the nine months ended March 31, 2019. Mass retail has been impacted by product placement and decreased sales to a retailer with financial difficulties. The decline of sales to certain distributors was partially due to competition in lower priced and low margin products where we increased pricing to improve margins.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: AMT, carry, constitute, direct, enforce, enforcement, enforcing, focused, launched, licensing, patent, portfolio, portion, professional, project, strong, successful, utilized
Removed: affirmed, appeal, breach, Circuit, claim, County, Court, decide, decision, denial, dismissed, dismissing, Grant, granting, judgment, learned, LLP, motion, noted, Notice, ongoing, order, Park, payable, Petition, premature, review, stage, subrogation, summary, Supreme, Thornton, unauthorized, Uniform