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Koss(KOSS) - 2025 Q2 - Quarterly Results
KOSSKoss(KOSS)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]