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As used herein unless the context otherwise requires, the term Company means Koss Corporation and its subsidiaries, Koss Corp B.V. and Koss U.K. The Company operates in the audio/video industry segment of the home entertainment and communication industry through its design, manufacture and sale of stereo headphones and related accessory products.
The business is unprofitable at the operating level (-13.76% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 2.9%, essentially flat. This is a business that needs a catalyst.
Negative free cash flow of -$706K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$13M
▲ +2.9% YoY
Net Income (TTM)
-$1M
▲ +8.0% YoY
Op. Margin
-17.28%
▲ +1.5pp YoY
ROIC
-5.34%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -8.2% YoY
Op. Cash Flow (TTM)
-$1M
▼ -12.8% YoY
Net Debt
-$16M
Net Cash Position
Cash & Equiv.
$19M
5Y CAGR: -7.2%
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