At one point, shares slipped more than 20% before modestly paring back some of the red ink. According to a Reuters report, some of Gill's followers took note of a cryptic post that the trader made on social media. Scrolled across at the end of a video, an image shown as an emoji featured a microphone with the U.S. flag set in the background. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed ...

Company Overview - Koss Corporation is a consumer discretionary company that designs, manufactures, and sells stereo headphones and related accessories both in the United States and internationally [11] - The company has a market capitalization of $123 million and has seen its stock trading at the high end of its 52-week range due to recent price surges [11] Recent Price Action - Koss Corp. experienced a surge of over 200% in stock price, with trading volumes exceeding 100 million shares on certain days, compared to an average of 1.9 million shares [3][10] - The stock saw an almost 140% jump during one trading session and nearly 220% gains for the week, with a peak increase of 70% in premarket trading [10] Fundamental Analysis - The latest earnings report from Koss, posted on May 9, 2024, showed an earnings per share (EPS) of ($0.03) and revenue of $2.64 million, a decline from nearly $6 million in Q2 2021 [4] - The company has maintained cash reserves of approximately $2.97 million and reduced total liabilities from $7.28 million to $6.48 million [12] Technical Analysis - The stock is currently considered extremely overbought, with a Relative Strength Index (RSI) of 90, indicating major overbought conditions [13] - Koss is trading significantly above its simple moving averages (SMAs) and is almost 500% above its 52-week low [13] Market Dynamics - The surge in Koss's stock price is largely attributed to social media speculation and meme stock influence, particularly from the user known as 'Roaring Kitty' [9][15] - The company has a small float of nearly 5 million shares, which, combined with high short interest, led to an intraday short squeeze and a supply-demand imbalance [5]

Core Viewpoint - The resurgence of the meme stock trend in 2024, particularly with Koss, is concerning as it may lead to uninformed retail investors facing significant losses due to the company's poor fundamentals [1][2][5]. Company Overview - Koss is a manufacturer of high-end headphones, and its recent stock price increase is attributed to the meme stock trend rather than any fundamental improvements [2][4]. - The stock price rose from $2.30 at the beginning of May 2024 to around $7 before experiencing a pullback [4]. Financial Performance - Koss's net sales for the third fiscal quarter ending March 31, 2024, declined by 22% year over year to $2.637 million [6]. - The company's quarterly net earnings loss widened to $313,780 compared to a net loss of $224,480 in the same quarter the previous year [6]. - For the nine months ending March 31, 2024, Koss incurred a net loss of $840,542, contrasting sharply with a net income of $8.579 million for the same period the previous year [7]. Market Context - The current meme stock rally mirrors the events of 2021, where Koss was also included among short-squeeze targets, leading to significant price volatility [3][4]. - Historical performance indicates that after the 2021 meme stock rally, Koss's stock lost substantial value in the subsequent years [5]. Investment Recommendation - Investors currently holding Koss stock are advised to take profits and exit, while potential investors are encouraged to seek better opportunities elsewhere [9].

Zacks Investment Research has recently initiated coverage of Koss Corporation (KOSS) with an Underperform recommendation. This decision stems from a thorough analysis of Koss' current market position and financial performance, highlighting several challenges the company faces in the highly competitive earphone and headphone market. Wisconsin-based Koss has a longstanding history in the audio industry, known for its high-fidelity headphones and innovative designs. Despite its reputable brand, Koss struggles ...

Core Viewpoint - KOSS Corp has experienced a significant surge in stock price, opening more than 50% higher, driven by the ongoing meme stock phenomenon [1]. Group 1: Stock Performance - Koss stock has more than doubled compared to its year-to-date low, reflecting a rally in meme stocks following a tweet from Keith Gill, known as "Roaring Kitty" [2]. - Despite the stock's rise, Koss reported a 40% increase in net loss for its third financial quarter last month [2]. Group 2: Market Sentiment and Commentary - The recent rally in Koss stock is not fundamentally supported, which has raised concerns among market experts like Jay Clayton, former chair of the U.S. Securities & Exchange Commission [3]. - Clayton emphasized that social media activity, such as tweets, should not be considered investment advice, labeling the actions of those participating in the meme stock frenzy as "gambling" rather than investing [5].

Key Points No, it's not 2021. But waking up today, you might have been forgiven for thinking so. Keith Gill, also known as RoaringKitty, the man behind the retail frenzy and eventual squeeze on GameStop NYSE: GME, has resurfaced on Twitter after a prolonged absence. As a result, shares of iconic meme stocks like GameStop and AMC Entertainment NYSE: AMC are soaring on remarkable trading volume. So, no, it isn't 2021. However, could we be about to experience a similar meme-fueled squeeze and euphoria? While n ...

Group 1 - Koss (NASDAQ:KOSS) stock is experiencing a significant rally, increasing by 28.5% as of Monday morning, driven by the return of meme stock trader Roaring Kitty [1][6] - Roaring Kitty, also known as Keith Gill, is recognized for initiating the 2021 rally in GameStop (NYSE:GME) stock, which led to a massive short-squeeze [1][2] - Koss was one of the prominent meme stocks in 2021, alongside GameStop and AMC Entertainment (NYSE:AMC), making its current rally consistent with the trends of these stocks [2][3] Group 2 - GameStop (GME) stock is up 69.6% with over 85 million shares traded, while AMC stock has increased by 30.3% with more than 155 million shares changing hands [6] - The daily average trading volume for Koss is approximately 48,000 shares, while GameStop and AMC have daily averages of about 7.1 million and 17.4 million shares, respectively [6]

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 March 31, 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 incorporation or organization) (State or other jurisdiction ...

FOR IMMEDIATE RELEASE CONTACT: Michael J. Koss May 9, 2024 Chairman & CEO (414) 964-5000 mjkoss@koss.com Koss Corporation Releases Third Quarter Results Milwaukee, Wisconsin: Koss Corporation (NASDAQ: KOSS) (the "Company"), a U.S. based high-fidelity headphone company, has reported its results for the third quarter ended March 31, 2024. Net sales for the three months ended March 31, 2024 were $2,637,606, which is a decline of $743,234, or 22.0%, compared to $3,380,840 for the same period in the prior year. ...

MILWAUKEE, Wis., May 09, 2024 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ:KOSS) (the "Company"), a U.S. based high-fidelity headphone company, has reported its results for the third quarter ended March 31, 2024. Net sales for the three months ended March 31, 2024 were $2,637,606, which is a decline of $743,234, or 22.0%, compared to $3,380,840 for the same period in the prior year. The net loss for the third quarter ended March 31, 2024 was $313,780 compared to a net loss of $224,480 for the same three-mon ...