Koss(KOSS)2025-01-30 22:20Financial Performance - Net sales for Q2 2025 were 196,962 or 5.9% compared to 94,142, a significant improvement from a net loss of 0.01 compared to a loss of 6,758,954, up slightly by 6,734,062 in the prior year[3] - The company experienced 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 3,120,802 in the prior year[9] - Interest income for the six months ended December 31, 2024, was 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]