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KOSS Koss

Predictive Oncology operates through three segments (Skyline, Helomics and Soluble Biotech), which contain four subsidiaries: Helomics, TumorGenesis, Skyline Medical and Soluble Biotech. Helomics applies artificial intelligence to its rich data gathered from patient tumors to both personalize cancer therapies for patients and drive the development of new targeted therapies in collaborations with pharmaceutical companies. TumorGenesis Inc. specializes in media that help cancer cells grow and retain their DNA/RNA and proteomic signatures, providing researchers with a tool to expand and study cancer cell types found in tumors of the blood and organ systems of all mammals, including humans. Skyline Medical markets its patented and FDA cleared STREAMWAY System, which automates the collection, measurement, and disposal of waste fluid, including blood, irrigation fluid and others, within a medical facility, through both domestic and international divisions. Soluble Biotech is a provider of soluble and stable formulations for proteins including vaccines, antibodies, large and small proteins, and protein complexes.

Company profile

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

KOSS stock data

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Press releases

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Calendar

13 May 21
28 Jul 21
30 Jun 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Koss earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.03M 6.03M 6.03M 6.03M 6.03M 6.03M
Cash burn (monthly) (positive/no burn) (positive/no burn) 284.69K 47.33K 406.68K (positive/no burn)
Cash used (since last report) n/a n/a 1.11M 185.12K 1.59M n/a
Cash remaining n/a n/a 4.92M 5.84M 4.44M n/a
Runway (months of cash) n/a n/a 17.3 123.5 10.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Smith David Donnan Common Stock Sell Dispose S No Yes 23 7,500 172.5K 0
1 Jul 21 Smith David Donnan Common Stock Sell Dispose S No Yes 22.05 42,500 937.13K 7,500
1 Jul 21 Smith David Donnan Common Stock Option exercise Aquire M No No 6 50,000 300K 50,000
1 Jul 21 Smith David Donnan Stock Option Common Stock Option exercise Dispose M No No 6 50,000 300K 0
1 Jul 21 Lillie Lenore Common Stock Sell Dispose S No Yes 22.27 15,000 334.05K 0
1 Jul 21 Lillie Lenore Common Stock Option exercise Aquire M No No 1.97 6,000 11.82K 15,000
1 Jul 21 Lillie Lenore Common Stock Option exercise Aquire M No No 2.2 9,000 19.8K 9,000
1 Jul 21 Lillie Lenore Stock Option Common Stock Option exercise Dispose M No No 1.97 6,000 11.82K 24,000
1 Jul 21 Lillie Lenore Stock Option Common Stock Option exercise Dispose M No No 2.2 9,000 19.8K 6,000
15 Jun 21 Koss Michael J Jr Common Stock Sell Dispose S No No 24.3 10,000 243K 26,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

30.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 26 13 +100.0%
Opened positions 18 1 +1700.0%
Closed positions 5 0 NEW
Increased positions 2 2
Reduced positions 6 1 +500.0%
13F shares
Current Prev Q Change
Total value 78.13M 3.41M +2191.8%
Total shares 2.56M 1M +155.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Koss Michael J 1M $30.31M NEW
Koss Michael J Jr 1M $35.03M NEW
Dimensional Fund Advisors 150.4K $3.38M -1.3%
IVZ Invesco 120.25K $2.7M NEW
Vanguard 47.09K $1.06M NEW
Schonfeld Strategic Advisors 44.4K $999K NEW
Tower Research Capital 42.17K $949K NEW
Citadel Advisors 34.07K $766K NEW
Paloma Partners Management 30.72K $691K NEW
Geode Capital Management 29.74K $668K NEW
Largest transactions
Shares Bought/sold Change
Koss Michael J 1M +1M NEW
Koss Michael J Jr 1M +1M NEW
PFG Principal Financial Group Inc - Registered Shares 0 -394.04K EXIT
Minerva Advisors 0 -210.55K EXIT
IVZ Invesco 120.25K +120.25K NEW
CIBC Private Wealth 9.66K -70K -87.9%
Renaissance Technologies 0 -58.84K EXIT
Vanguard 47.09K +47.09K NEW
Schonfeld Strategic Advisors 44.4K +44.4K NEW
Tower Research Capital 42.17K +42.17K NEW

Financial report summary

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Management Discussion
  • For the three and nine months ended March 31, 2021, net sales decreased 16.7% and 1.7%, respectively.  The decrease in net sales was driven by decreased sales to mass retail customers in the US.  Improved sales to export distrbutors offset a portion of the US mass retail declines.
  • Net sales in the domestic market were approximately $2,693,000 in the three months ended March 31, 2021, compared to approximately $4,227,000 in the prior year period.  Sales to mass retail customers decreased due to reduced product placement.  Net sales to certain distrbutors were negatively impacted in the quarter ended March 31, 2021 due to timing of shipments and sales recognition that was delayed until the fiscal fourth quarter.  In March 2020, there was a surge in demand as pandemic related shutdowns took place causing many people to work and study remotely.  Current year comparisons to the three months ended March 31, 2020, show declines in several channels due to the strength in last year’s numbers.  The Company made the final shipment of a non Koss branded product to a mass retailer in the US during the quarter ended March 31, 2021.  The loss of net sales for this product will likely increase margins since it had very low margins compared to other products.
  • Domestic net sales were approximately $10,292,000 in the nine months ended March 31, 2021 compared to $11,870,000 in the prior year period.  Sales to mass retail customers decreased due to reduced product placement.  In addition, mass retail net sales included a large back-to-school promotion in the nine months ended March 31, 2020 that did not take place in 2021.  The other declines were in the educational markets and sales to online retailers.  Net sales in the educational markets, which primarily are driven by the need for headphones in testing services, declined as a result of timing of shipments, as there were large shipments at the end of our fiscal quarter ended June 30, 2020.  Sales in educational markets also decreased during the nine months ended March 31, 2021 compared to the prior year period due to many schools closing as a result of the pandemic.  Sales through online retailers declined as the Company shifts to more Amazon Seller Central.  These were partially offset by growth in the Company Direct to Consumer (“DTC”) online sales channels and certain US-based distributors.  Sales through DTC online channels increased by approximately 2.5 times compared to the prior year period.  The online sales activity was driven by COVID-19 directives, which have caused many people to work and study remotely and have resulted in sales of communication headsets to facilitate that work and study.  Certain domestic distributors had higher sales due to COVID-19 related customer demand.  
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. freshman Avg
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Removed: couple, margin, month, positively, replenish