Koss Corp - KOSS STOCK NEWS

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, with a 2.4% increase in sales compared to the prior year. However, the net loss for the quarter was $269,153, and the net loss for the six months ended December 31, 2023, was $526,762. The decline in direct-to-consumer sales and sales to European distributors offset the domestic market's increase. The company anticipates an increase in transportation costs in the coming quarter.

Koss Corporation reports Q1 results with a slight increase in sales but a net loss. Positive signals from European distributors offset by a drop in DTC sales and decline in sales to domestic distributors. Gross margins down due to customer mix and higher freight rates. Cost savings initiatives provide some positive impact. Freight rates expected to rise next quarter.

Koss Corporation reports decline in sales and net loss for Q4 and fiscal year 2023. Education sector and DTC market sales down. Gross margins suffer due to decline in highest margin domestic distributor sales. Pricing actions help mitigate cost increases. Market freight rates decrease by nearly 50%.

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.

Koss Corporation (NASDAQ: KOSS) reported first-quarter results for the fiscal year ending September 30, 2022. Sales decreased by 23.2% to $3,354,529, down from $4,365,067 year-over-year. However, net income rose significantly to $9,944,743, compared to a net loss of $99,359 for the previous year. Basic and diluted earnings per share improved to $1.09 and $1.01 respectively. The decline in sales was attributed to tighter inventory management among distributors and a decrease in European sales, although growth in direct-to-consumer sales offset some losses.