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KOSS Stock Down 2% Despite Posting Q2 Earnings on Solid European Sales
ZACKS· 2025-02-04 18:05
Shares of Koss Corporation (KOSS) have declined 1.6% since the company reported its earnings for the quarter ended Dec. 31, 2024. This compares to the S&P 500 index’s 0.5% decline over the same time frame. Over the past month, the stock has declined 21.5% against the S&P 500’s 0.6% growth.See the Zacks Earnings Calendar to stay ahead of market-making news.For the fiscal second quarter, Koss reported earnings per share (EPS) of 1 cent against a loss per share of 3 cents in the prior-year quarter.The company ...
Koss(KOSS) - 2025 Q2 - Quarterly Report
2025-01-30 23:05
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-3295 KOSS CORPORATION Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended December 31, 2024 OR (Exact Name of Registrant as Specified in its Charter) DELAWARE 39-1168275 incorporation or organization) (State or other jurisdicti ...
Koss(KOSS) - 2025 Q2 - Quarterly Results
2025-01-30 22:20
Financial Performance - Net sales for Q2 2025 were $3,557,086, an increase of $196,962 or 5.9% compared to $3,360,124 in Q2 2024[2] - Net income for Q2 2025 was $94,142, a significant improvement from a net loss of $269,153 in Q2 2024, resulting in a basic and diluted net income per share of $0.01 compared to a loss of $0.03[2] - For the six months ended December 31, 2024, net sales were $6,758,954, up slightly by $24,892 or 0.4% from $6,734,062 in the prior year[3] - The company experienced a net loss of $325,393 for the six months ended December 31, 2024, an improvement from a net loss of $526,762 in the same period of the prior year[3] Gross Margin and Sales Growth - The gross margin increased to 38.1% for the first half of the fiscal year, compared to 32.3% for the same period in the prior year, driven by higher direct-to-consumer sales and new product sales[4] - Sales to the European market exceeded prior year sales by over 100%, contributing significantly to the overall sales growth[4] Expenses and Income - Selling, general and administrative expenses for the first half of the fiscal year were $3,356,800, compared to $3,120,802 in the prior year[9] - Interest income for the six months ended December 31, 2024, was $459,044, compared to $421,668 in the prior year[9] - The weighted-average number of basic shares for the six months ended December 31, 2024, was 9,332,844, slightly up from 9,238,002 in the prior year[9] Supply Chain and Costs - The company anticipates further increases in freight costs and is monitoring the supply chain and potential tariffs closely[4]
Koss Corporation Reports Profitable Second Quarter Results
GlobeNewswire· 2025-01-30 22:15
MILWAUKEE, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ: KOSS) (the “Company”), the U.S. based high-fidelity headphone company, has reported its results for the second quarter ended December 31, 2024. For the three months ended December 31, 2024, net sales were $3,557,086 compared to $3,360,124 for the same three-month period in the prior year, an increase of $196,962 or 5.9%. Net income for the second quarter ended December 31, 2024 was $94,142 compared to a net loss of $269,153 for the secon ...
KOSS Q1 Loss Widens Y/Y Amid U.S. Sales Decline and Cost Pressures
ZACKS· 2024-11-01 17:51
For the first quarter of fiscal 2025, Koss Corporation (KOSS) incurred a loss per share of 5 cents, widening from the 3 cents loss per share recorded in the same quarter of the previous year. Net sales for the quarter were $3.2 million, a 5.1% decline from the $3.4 million achieved in the first quarter of fiscal 2024. Koss Corporation faced a challenging quarter with a decrease in net sales, particularly affecting the domestic distribution and Education and Music segments. However, notable growth was achiev ...
Koss(KOSS) - 2025 Q1 - Quarterly Report
2024-10-31 21:56
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-3295 KOSS CORPORATION (Exact Name of Registrant as Specified in its Charter) DELAWARE 39-1168275 (State or other jurisdiction of (I.R.S. Employer Identif ...
Koss(KOSS) - 2025 Q1 - Quarterly Results
2024-10-31 21:20
4129 NORTH PORT WASHINGTON AVENUE, MILWAUKEE, WI 53212 / 414 964-5000 / WWW.KOSS.COM FOR IMMEDIATE RELEASE CONTACT: Michael J. Koss October 31, 2024 Chairman & CEO (414) 964-5000 mjkoss@koss.com Koss Corporation Releases First Quarter Results Milwaukee, Wisconsin: Koss Corporation (NASDAQ: KOSS) (the "Company"), the U.S. based high-fidelity headphone company, has reported its results for the first quarter ended September 30, 2024. Net sales for the first quarter ended September 30, 2024 were $3,201,868 comp ...
Koss Corporation Releases First Quarter Results
GlobeNewswire News Room· 2024-10-31 21:15
MILWAUKEE, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ: KOSS) (the “Company”), the U.S. based high-fidelity headphone company, has reported its results for the first quarter ended September 30, 2024. Net sales for the first quarter ended September 30, 2024 were $3,201,868 compared to $3,373,938 for the same period in the prior year, a decline of $172,070 or 5.1%. The net loss for the three months ended September 30, 2024 was $419,535 compared to a net loss of $257,609 for the first quarter of ...
Koss® Reinvents the Iconic Koss® Porta Pro® with the Next Generation Koss Porta Pro Wireless
GlobeNewswire News Room· 2024-09-16 15:00
MILWAUKEE, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Koss® Corporation (NASDAQ Symbol: KOSS), the U.S. based high-fidelity Stereophone manufacturer and creator of the world's first SP3 Stereophone in 1958, celebrates the 40th Anniversary of the Koss Porta Pro® with the introduction of the next generation Koss® Porta Pro® Wireless Bluetooth® Headphones. The evolutionary Koss Porta Pro Wireless combines the legendary sound and the iconic design of the Koss Porta Pro Classic headphones with the convenience and freedo ...
KOSS Q4 Loss Narrows Y/Y, Revenue Declines on Weak Export Sales
ZACKS· 2024-09-02 16:50
Koss Corporation (KOSS) incurred a fourth-quarter fiscal 2024 loss per share of 1 cent, narrower than 3 cents in the fourth quarter of fiscal 2023. The company incurred a net loss of $0.1 million for the quarter, narrower than the $0.3 million reported in the prior-year quarter. Revenues for the quarter decreased 5.9% to $2.9 million from $3.1 million in the same quarter of the previous year. The quarterly financial performance reflects a challenging period for Koss, with sales impacted primarily by a decre ...