KOSS CORP

Listed Company

KOSSCIK 0000056701NasdaqNon-AcceleratedSmaller ReportingHousehold Audio & Video EquipmentDelawareFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$-874.8K

Total Assets

$37.18M

Equity

$30.61M

Shares Out

9.47M

Op. Cash Flow

$-214.9K

Business

KOSS CORP designs, manufactures and sells stereo headphones and related personal listening accessories in the audio/video home entertainment and communication industry. It offers wired and wireless (Bluetooth) stereo headphones, communications and education headsets, accessories, private-label products and OEM headsets for integration into other manufacturers’ products. The company reports a single business segment focused on stereo headphones and related accessories and maintains manufacturing, supplier quality, and research and development functions. Products are distributed via domestic and international distributors, specialty and mass retailers, e-commerce (including direct-to-consumer), schools, prisons and OEM channels.

Summary from filing dated 2025-08-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net sales	13	12	13	18	20
Cost of goods sold	8	8	9	11	13
Gross profit	5	4	4	7	7
Selling, general and administrative expenses	7	6	29	6	7
Loss from operations	−2	−2	−25	902,023	−390,492
Interest income	879,774	847,644	520,809	11,513	2,706
Loss before income tax provision (benefit)	−857,349	−1	9	1	497,719
Income tax provision (benefit)	17,482	−73,604	317,377	7,517	4,125
Net loss	−874,831	−950,911	8	1	493,594
Basic (in dollars per share)	−0.09	−0.1	0.9	0.14	0.06
Diluted (in dollars per share)	−0.09	−0.1	0.85	0.13	0.05
Basic (in shares)	9	9	9	9	8
Diluted (in shares)	9	9	10	10	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	3	3	3	9	7
Short term investments	13	12	17	—	—
Accounts receivable, less allowance for credit losses of $2,043 and $1,922, respectively	1	1	1	2	2
Inventories	5	4	6	9	6
Prepaid expenses and other current assets	738,330	1	1	188,478	456,004
Interest receivable	121,178	170,429	51,150	—	—
Income taxes receivable	36,179	41,756	86,901	3,085	—
Total current assets	23	22	29	20	16
Equipment and leasehold improvements, net	1	1	953,903	1	1
Long term investments	4	5	—	—	—
Operating lease right-of-use asset	3	3	3	3	2
Cash surrender value of life insurance	7	6	6	6	7
Total other assets	13	14	9	9	9
Total assets	37	37	39	30	26
Accounts payable	819,330	329,829	267,513	796,163	398,433
Accrued liabilities	582,140	462,858	1	560,356	665,567
Deferred revenue	242,644	229,384	450,312	543,891	694,632
Operating lease liability	252,579	239,688	236,225	223,530	288,949
Income taxes payable	42,958	35,899	87,237	6,118	4,543
Total current liabilities	2	1	2	2	2
Deferred compensation	2	2	2	2	2
Deferred revenue	119,314	119,787	113,003	169,210	188,932
Operating lease liability	2	3	3	3	2
Total long-term liabilities	5	5	5	5	5
Total liabilities	7	6	7	7	7
Common stock, $0.005 par value, authorized 20,000,000 shares; issued and outstanding 9,456,438 and 9,299,795, respectively	47,282	46,499	46,174	45,739	43,044
Paid in capital	14	13	13	13	11
Retained earnings	17	18	19	10	9
Total stockholders' equity	31	31	32	23	20
Total liabilities and stockholders' equity	37	37	39	30	26

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Provision for (recovery of) credit losses	121	−4,105	4,000	−35,305	−9,226
Depreciation of equipment and leasehold improvements	237,210	192,272	230,292	293,465	—
Net accretion of discount on treasury securities	−222,880	−379,591	−226,603	—	—
Noncash operating lease expense	7,669	7,669	8,308	—	—
Stock-based compensation expense	31,782	155,834	289,676	463,633	619,137
Change in cash surrender value of life insurance	−215,012	−197,363	−187,329	−211,636	−208,116
Provision for deferred compensation	133,330	96,004	59,891	−160,120	308,000
Accounts receivable	72,526	175,303	463,103	429,470	85,505
Inventories	−411,387	2	2	−3	−362,718
Prepaid expenses and other current assets	343,107	−78,923	−131,029	267,526	−188,357
Interest receivable	49,251	−119,279	−51,150	—	—
Income taxes receivable	5,577	45,145	−83,816	—	14,622
Income taxes payable	7,059	−51,338	81,119	−1,510	4,543
Accounts payable	489,501	62,316	−528,650	397,730	−429,272
Accrued liabilities	119,282	−1	428,227	44,789	85,468
Deferred revenue	12,787	−73,132	−149,786	−170,463	289,644
Net cash used in operating activities	−214,908	−190,531	11	−942,530	348,740
Purchase of equipment and leasehold improvements	−490,717	−461,760	−98,441	−108,158	−600,155
Life insurance premiums paid	−70,577	−81,744	−87,995	−95,887	−104,051
Proceeds from the maturity of treasury securities	14	14	2	—	—
Purchases of treasury securities	−14	−14	−19	—	—
Net cash used in investing activities	−120,284	−198,425	−17	2	−704,206
Proceeds from exercise of stock options	305,908	134,975	171,350	1	3
Net cash provided by financing activities	305,908	134,975	171,350	1	3
Net decrease in cash and cash equivalents	−29,284	−253,981	−6	2	3
Cash paid (refunded) for income taxes	4,847	−67,410	320,073	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro