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 ...

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, 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) incorporation or organization) DELAWARE 39-1168275 (State or other jurisdiction ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-3295 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q KOSS CORPORATION (Exact Name of Registrant as Specified in its Charter) DELAWARE 39-1168275 (State or other jurisdiction of (I.R.S. Employer Identifi ...

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, 2022 OR ☐ 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 (Exact Name of Registrant as Specified in its Charter) DELAWARE 39-1168275 incorporation or organization) (State or other jurisdict ...

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, 2022 Registrant's telephone number, including area code: (414) 964-5000 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 othe ...

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, 2022 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 ...

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, 2021 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 jurisdicti ...

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, 2021 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 jurisdict ...