Koss Corp

Koss Corp maintains a strong liquidity position with $2.84 million in cash and equivalents, representing 7.6% of total assets. The company's current ratio of 16.89 indicates a highly liquid balance sheet, with no long-term debt obligations to service. However, negative operating cash flow of -$190,530 and free cash flow of -$60,940 suggest operational inefficiencies or declining demand.

Profitability metrics are weak, with a net loss of -$110,370 and an operating loss of -$317,760 in the latest period. Return on equity of -0.35% and return on assets of -0.30% indicate poor capital efficiency relative to industry norms. Gross profit of $1.17 million on $2.89 million in revenue yields a 40.4% gross margin, which is below the median for the Household Electronics industry.

The company operates as a single business segment, with all revenue derived from audio product sales. Geographic exposure is not disclosed in the latest financials, but the company's primary market is the United States. No material revenue concentration risks are evident from the available data.

Outlook for the current fiscal year shows a continuation of operational losses, with no material revenue growth expected. Capital expenditures of -$461,760 suggest asset disposals or reduced investment in production capacity. The company's market cap of $36.64 million is significantly lower than total equity of $31.15 million, implying a price-to-book ratio of 1.18.

Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The absence of long-term debt and high cash reserves mitigate financial distress risk. However, the company's negative operating income and declining cash flow raise concerns about long-term viability without strategic changes.

Recent financial filings show a last actual EPS of $0.27, which is inconsistent with the reported net loss of -$110,370. This discrepancy may reflect non-cash items or adjustments in the earnings calculation. No recent earnings call transcripts or material events were disclosed in the available data.

The company maintains zero long-term debt, providing a strong balance sheet with no interest obligations.

Operating income improved by 7.2% year-over-year, indicating a slight recovery in core operational profitability.

Net income increased by 8.0% year-over-year, showing a marginal improvement in bottom-line performance.

The current ratio of 11.65 suggests strong short-term liquidity to cover immediate liabilities.

Cash conversion of 1.73 exceeds the cohort median of 0.91, indicating efficient cash generation.

Return on equity of -0.35% significantly underperforms the cohort median of 2.02%.

Revenue $3.6M; Operating income -$141.8k.

• ▍Revenue $3.6M
• ▍Operating income -$141.8k
• ▍Net margin 2.6%

Revenue $3.2M; Operating income -$637.1k.

• ▍Revenue $3.2M
• ▍Operating income -$637.1k
• ▍Net margin -13.1%

Revenue $2.9M; Operating income -$317.8k.

• ▍Revenue $2.9M
• ▍Operating income -$317.8k
• ▍Net margin -3.8%

Revenue $12.3M, −6,4% YoY; Operating income +92,5% YoY.

• ▍Revenue $12.3M, −6,4% YoY
• ▍Operating income +92,5% YoY
• ▍Net income −111,5% YoY
• ▍Free cash flow −114,5% YoY
• ▍Net margin -7.8%

Revenue $13.1M, −25,6% YoY; Operating income −1 867,6% YoY.

• ▍Revenue $13.1M, −25,6% YoY
• ▍Operating income −1 867,6% YoY
• ▍Net income +554,5% YoY
• ▍Free cash flow +480,2% YoY
• ▍Net margin 63.4%

Revenue $17.6M, −9,9% YoY; Operating income +1 112,2% YoY.

• ▍Revenue $17.6M, −9,9% YoY
• ▍Operating income +1 112,2% YoY
• ▍Net income +157,0% YoY
• ▍Free cash flow +641,5% YoY
• ▍Net margin 7.2%

Revenue $19.5M; Operating income $116.2k.

• ▍Revenue $19.5M
• ▍Operating income $116.2k
• ▍Net margin 2.5%