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Koss Corporation (KOSS), the audio technology pioneer behind landmark stereo headphone innovations, maintains this dedicated news hub for investors and industry observers. Access all official press releases and curated financial updates in one centralized location.
This resource provides essential insights into corporate developments including quarterly earnings announcements, product launch details, and strategic partnership updates. Stay informed about technological advancements in wireless audio solutions and market positioning within the competitive consumer electronics sector.
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Koss (NASDAQ: KOSS) reported improved financial results for Q2 FY2025. Net sales increased 5.9% to $3.56 million compared to $3.36 million in Q2 FY2024. The company turned profitable with net income of $94,142 versus a loss of $269,153 in the prior year period.
For the six-month period, sales slightly increased by 0.4% to $6.76 million, while net loss improved to $325,393 from $526,762. Gross margins improved to 38.1% from 32.3% year-over-year, driven by increased direct-to-consumer sales and new product sales in Europe, which exceeded expectations by over 100%. However, these gains were largely offset by lower sales in Education market, e-tailers and U.S. domestic distributors. The company noted slight increases in freight costs and anticipates further rises.
Koss (NASDAQ: KOSS) reported Q1 FY2025 results with net sales of $3,201,868, down 5.1% from $3,373,938 in Q1 FY2024. The company recorded a net loss of $419,535 ($0.05 per share), compared to a loss of $257,609 ($0.03 per share) in the prior year. Despite lower domestic distributor sales, European distributor sales increased by over 30%, driven by the launch of Porta Pro Wireless 2.0. Gross margins improved to 36.6% from 31.6%, benefiting from favorable product mix and higher Direct-to-Consumer sales. The company noted concerns about increasing freight rates and port congestion affecting supply chain.
Koss (NASDAQ: KOSS) has unveiled the next generation Koss Porta Pro Wireless Bluetooth Headphones, celebrating the 40th anniversary of the iconic Porta Pro. This new version combines the legendary sound and design of the classic model with wireless technology. Key features include:
- Patent-pending dual steel headband carrying audio signals without overhead wires
- 20+ hour battery life with USB-C charging
- Analog bypass mode for continued use when battery is low
- On-board controls and microphone
- Collapsible design with included hard shell carrying case
- Priced at $99.99, available on Koss.com and Amazon.com
The new Porta Pro Wireless maintains the iconic sound, fit, and comfort of the original while offering enhanced versatility and convenience for modern users.
Koss (NASDAQ: KOSS) reported its Q4 and fiscal year 2024 results. Q4 sales decreased by 5.9% to $2,893,401, with a net loss of $110,369 ($0.01 per share), compared to a $259,839 loss ($0.03 per share) in Q4 2023. Full-year sales declined 6.4% to $12,265,069, resulting in a net loss of $950,911 ($0.10 per share), down from a net income of $8,319,212 in FY 2023.
The company attributed the sales decline to lower demand from its largest European distributor and decreased Direct-to-Consumer sales. However, Education sector sales increased by 60%, and E-tailer sales grew by nearly 50%. CEO Michael J. Koss cited economic factors such as inflation, higher energy costs, and interest rates as challenges affecting both domestic and international sales.
Koss , a high-fidelity headphone company, reported a decline in net sales for the third quarter of 2024 compared to the same period last year. The company experienced lower sales in the direct-to-consumer space and from a European distributor, leading to a net loss for the quarter and nine months ended March 31, 2024. The decline in gross margins was attributed to lower volume of higher margin sales and selling through inventory from suppliers at inflated freight rates. Koss remains cautious about future sales due to factors like consumer confidence, rising prices, and geo-political turmoil.
Koss Corporation (NASDAQ: KOSS) reported its second-quarter results for the period ended December 31, 2022, revealing a significant decline in sales of 25.9%, totaling $3,271,931 compared to $4,415,886 the previous year. This resulted in a net loss of $1,146,879, reversing from a net income of $578,969 in the same quarter last year. For the six months ending December 31, 2022, sales decreased by 24.5% to $6,626,460. Despite the losses, the six-month net income surged to $8,797,864 compared to $479,610 last year. Factors contributing to the downturn include overstock at distributors and geopolitical tensions affecting European sales.
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