Koss Corp Files Q2 2025 10-Q
Ticker: KOSS · Form: 10-Q · Filed: Jan 31, 2025 · CIK: 56701
| Field | Detail |
|---|---|
| Company | Koss Corp (KOSS) |
| Form Type | 10-Q |
| Filed Date | Jan 31, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.005 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Koss Corp's Q2 2025 10-Q is in, showing historical financial data.
AI Summary
Koss Corporation filed its Q2 2025 10-Q report for the period ending December 31, 2024. The company, based in Milwaukee, WI, operates in the household audio and video equipment sector. Key financial data points from previous periods are included in the filing, such as retained earnings and additional paid-in capital as of various dates in 2023 and 2024.
Why It Matters
This filing provides a snapshot of Koss Corporation's financial health and operational status for the second quarter of fiscal year 2025, offering insights for investors and market analysts.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant risk-altering information.
Key Numbers
- Q2 2025 — Fiscal Quarter (Reporting period for the 10-Q filing.)
- 2024-12-31 — Period End Date (The end date for the financial reporting period.)
Key Players & Entities
- KOSS CORP (company) — Filer
- 20241231 (date) — Reporting Period End Date
- 20250131 (date) — Filing Date
- MILWAUKEE (location) — Company Headquarters City
- WI (location) — Company Headquarters State
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20241231, indicating the period ending December 31, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20250131.
What is Koss Corporation's primary business sector?
Koss Corporation is in the HOUSEHOLD AUDIO & VIDEO EQUIPMENT sector, with SIC code 3651.
Where is Koss Corporation headquartered?
Koss Corporation is headquartered at 4129 N PORT WASHINGTON AVE, MILWAUKEE, WI 53212.
What fiscal year end does Koss Corporation observe?
Koss Corporation's fiscal year ends on 0630.
Filing Stats: 4,425 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2025-01-30 18:05:32
Key Financial Figures
- $0.005 — ch registered Common Stock, par value $0.005 per share KOSS Nasdaq Capital Marke
Filing Documents
- koss-20241231x10q.htm (10-Q) — 1652KB
- koss-20241231xex31_1.htm (EX-31.1) — 13KB
- koss-20241231xex31_2.htm (EX-31.2) — 14KB
- koss-20241231xex32_1.htm (EX-32.1) — 8KB
- koss-20241231xex32_2.htm (EX-32.2) — 9KB
- 0000056701-25-000008.txt ( ) — 4985KB
- koss-20241231.xsd (EX-101.SCH) — 20KB
- koss-20241231_cal.xml (EX-101.CAL) — 45KB
- koss-20241231_def.xml (EX-101.DEF) — 53KB
- koss-20241231_lab.xml (EX-101.LAB) — 238KB
- koss-20241231_pre.xml (EX-101.PRE) — 163KB
- koss-20241231x10q_htm.xml (XML) — 782KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 202 4 3 Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 19 Item 4.
Controls and Procedures
Controls and Procedures 19 PART II OTHER INFORMATION 19 Item 1.
Legal Proceedings
Legal Proceedings 19 Item 1A.
Risk Factors
Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 20 Item 6. Exhibits 21 2 Table of Contents PART I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements KOSS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) December 31, 2024 June 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 2,535,727 $ 2,837,081 Short term investments 7,164,281 12,104,459 Accounts receivable, less allowance for credit losses of $ 2,043 and $ 1,922 at December 31, 2024 and June 30, 2024, respectively 1,370,071 1,208,319 Inventories 4,570,621 4,473,680 Prepaid expenses and other current assets 942,194 1,081,437 Interest receivable 98,506 170,429 Income taxes receivable 42,131 41,756 Total current assets 16,723,531 21,917,161 Equipment and leasehold improvements, net 1,529,086 1,223,391 Other assets: Long term investments 10,000,634 4,994,327 Operating lease right-of-use asset 2,643,336 2,765,445 Cash surrender value of life insurance 6,539,328 6,299,155 Total other assets 19,183,298 14,058,927 Total assets $ 37,435,915 $ 37,199,479 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 256,143 $ 329,829 Accrued liabilities 858,200 462,858 Deferred revenue 288,016 229,384 Operating lease liability 246,049 239,688 Income taxes payable 28,831 35,899 Total current liabilities 1,677,239 1,297,658 Long-term liabilities: Deferred compensation 2,227,789 2,093,124 Deferred revenue 119,897 119,787 Operating lease liability 2,417,098 2,541,734 Total long-term liabilities 4,764,784 4,754,645 Total liabilities 6,442,023 6,052,303 Stockholders' equity: Common stock, $ 0.005 par value, authorized 20,000,000 shares; issued and outstanding 9,375,795 at December 31, 2024 and 9,299,795 at June 30, 2024, respectively 46,879 46,499 Paid in capital 13,576,206 13,404,477 Retained earnings 17,370,807 17,696,200 Total stockholders' equity 30,993,892 31,147,176 Total liabilities and stockholde