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 ...

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, 2023 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) (State or other jurisdiction of (I.R.S. Employer Identification No.) 53212 41 ...

Financial Performance - Net sales for the three months ended September 30, 2023, were $3,373,938, representing a slight increase of 0.3% compared to $3,364,129 in the same period of 2022, which had a significant decline of 22.9%[61] - Gross profit decreased to $1,067,690 for the three months ended September 30, 2023, with a gross profit margin of 31.6%, down from 35.5% in the prior year[61] - Selling, general and administrative expenses significantly declined by $22,144,000, or 93.5%, from $23,680,196 in the prior year to $1,536,279 in the current period[68] - Interest income increased to $212,859 for the three months ended September 30, 2023, compared to $27,056 in the same period of 2022[61] - Export net sales increased by $129,000, or 20.1%, for the three months ended September 30, 2023, primarily due to an order from a distributor in Eastern Europe[64] - Domestic market net sales declined by $119,000, or 4.4%, to approximately $2,603,000, impacted by a 28.6% drop in direct-to-consumer sales[65] - The company recorded no other income for the three months ended September 30, 2023, compared to $33,000,000 in licensing proceeds in the same period of 2022[69] Cash Flow and Liquidity - Cash used in operating activities for Q3 2023 was $(713,247), a significant decrease from $11,692,114 in Q3 2022[87] - Cash used in investing activities for Q3 2023 was $(393,536), primarily for fixed asset expenditures, including approximately $300,000 for roof replacement[89] - No cash was generated from financing activities in Q3 2023, compared to $70,440 from stock option exercises in Q3 2022[90] - The net decrease in cash and cash equivalents for Q3 2023 was $(1,106,783), contrasting with an increase of $11,662,787 in Q3 2022[87] - As of September 30, 2023, the company had no outstanding borrowings on its bank line of credit facility[91] - The company believes its existing cash and cash equivalents, along with investments in short-term U.S. Treasury securities, will be sufficient for anticipated working capital needs over the next twelve months[93] Tax and Compliance - The effective tax rate for the three months ended September 30, 2023, was less than 1%, compared to 5.7% in the same period of 2022[70] - The company is in compliance with all covenants related to its credit agreement as of September 30, 2023[94] - The company has not reported any off-balance sheet transactions or obligations as of September 30, 2023[96] Future Outlook - The company anticipates continued inflationary pressures and supply chain disruptions impacting future performance, particularly due to geopolitical tensions and rising transportation costs[76][78] Lease and Stock Activities - The company renewed its lease for a 126,000 square foot facility at a fixed rate of $380,000 per year, with an option to renew for an additional five years starting July 1, 2028[95] - The company has not engaged in any stock repurchase activities during the three months ended September 30, 2023[92]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE For the fiscal year ended June 30, 2023 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 Identification No.) incorporatio ...