Koss Corporation Reports Profitable Second Quarter Results
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) ha riportato risultati finanziari migliorati per il secondo trimestre dell'anno fiscale 2025. Le vendite nette sono aumentate del 5,9% a 3,56 milioni di dollari rispetto a 3,36 milioni di dollari nel secondo trimestre dell'anno fiscale 2024. L'azienda ha registrato un profitto con un reddito netto di 94.142 dollari rispetto a una perdita di 269.153 dollari nello stesso periodo dell'anno precedente.
Nel periodo di sei mesi, le vendite sono aumentate leggermente dello 0,4% a 6,76 milioni di dollari, mentre la perdita netta è migliorata a 325.393 dollari rispetto a 526.762 dollari. I margini lordi sono aumentati al 38,1% rispetto al 32,3% anno su anno, grazie all'aumento delle vendite dirette al consumatore e delle vendite di nuovi prodotti in Europa, che hanno superato le aspettative di oltre il 100%. Tuttavia, questi guadagni sono stati in gran parte compensati da una diminuzione delle vendite nel mercato educativo, nei rivenditori online e nei distributori nazionali degli Stati Uniti. L'azienda ha segnalato lievi aumenti nei costi di spedizione e prevede ulteriori aumenti.
Koss (NASDAQ: KOSS) reportó resultados financieros mejorados para el segundo trimestre del año fiscal 2025. Las ventas netas aumentaron un 5,9% a 3,56 millones de dólares en comparación con 3,36 millones de dólares en el segundo trimestre del año fiscal 2024. La empresa se volvió rentable con un ingreso neto de 94,142 dólares frente a una pérdida de 269,153 dólares en el mismo período del año anterior.
Durante el período de seis meses, las ventas aumentaron ligeramente un 0,4% a 6,76 millones de dólares, mientras que la pérdida neta mejoró a 325,393 dólares desde 526,762 dólares. Los márgenes brutos mejoraron al 38,1% desde el 32,3% año tras año, impulsados por un aumento en las ventas directas al consumidor y las ventas de nuevos productos en Europa, que superaron las expectativas en más del 100%. Sin embargo, estas ganancias fueron en gran medida compensadas por menores ventas en el mercado educativo, minoristas en línea y distribuidores nacionales en los Estados Unidos. La empresa señaló ligeros aumentos en los costos de envío y anticipa aumentos adicionales.
Koss (NASDAQ: KOSS)는 2025 회계연도 2분기 개선된 재무 결과를 보고했습니다. 순매출은 5.9% 증가하여 356만 달러에 달하며, 2024 회계연도 2분기에는 336만 달러였습니다. 이 회사는 순이익 94,142 달러를 기록하며, 이전 해 같은 기간의 269,153 달러 손실에서 벗어났습니다.
6개월 동안의 매출은 0.4% 증가한 676만 달러였으며, 순손실은 526,762 달러에서 325,393 달러로 개선되었습니다. 총 매출 마진은 전년 대비 38.1%로 증가했으며, 이는 소비자 직접 판매와 유럽 내 신제품 판매가 기대치를 100% 이상 초과하며 증가한 데 기인합니다. 그러나 이러한 이익은 교육 시장, 온라인 소매업체 및 미국 국내 유통업체의 판매 감소로 크게 상쇄되었습니다. 회사는 운송비가 소폭 증가했으며, 추가 상승을 예상하고 있습니다.
Koss (NASDAQ: KOSS) a annoncé des résultats financiers améliorés pour le deuxième trimestre de l'exercice 2025. Les ventes nettes ont augmenté de 5,9 % pour atteindre 3,56 millions de dollars par rapport à 3,36 millions de dollars au deuxième trimestre de l'exercice 2024. L'entreprise a réalisé un bénéfice avec un revenu net de 94.142 dollars contre une perte de 269.153 dollars pour la période de l'année précédente.
Pour la période de six mois, les ventes ont légèrement augmenté de 0,4 % pour atteindre 6,76 millions de dollars, tandis que la perte nette a été réduite à 325.393 dollars, contre 526.762 dollars. Les marges brutes ont augmenté à 38,1 % contre 32,3 % d'une année sur l'autre, soutenues par une augmentation des ventes directes aux consommateurs et des ventes de nouveaux produits en Europe, qui ont dépassé les attentes de plus de 100 %. Cependant, ces gains ont été largement compensés par des ventes plus faibles sur le marché de l'éducation, auprès des détaillants en ligne et des distributeurs nationaux américains. L'entreprise a noté de légères augmentations des coûts d'expédition et prévoit d'autres hausses.
Koss (NASDAQ: KOSS) hat verbesserte Finanzzahlen für das 2. Quartal des Geschäftsjahres 2025 gemeldet. Der Nettoumsatz stieg um 5,9% auf 3,56 Millionen Dollar, verglichen mit 3,36 Millionen Dollar im 2. Quartal des Geschäftsjahres 2024. Das Unternehmen wurde profitabel mit einem Nettogewinn von 94.142 Dollar im Vergleich zu einem Verlust von 269.153 Dollar im Vorjahreszeitraum.
Im Zeitraum von sechs Monaten stiegen die Verkaufszahlen leicht um 0,4% auf 6,76 Millionen Dollar, während sich der Nettverlust von 526.762 Dollar auf 325.393 Dollar verbesserte. Die Bruttomargen erhöhten sich im Vergleich zum Vorjahr von 32,3% auf 38,1%, was durch gestiegene Direktvertrieb und den Verkauf neuer Produkte in Europa, die die Erwartungen um über 100% übertroffen, bedingt war. Diese Gewinne wurden jedoch weitgehend durch geringere Verkäufe im Bildungsmarkt, bei Online-Händlern und in den US-Vertriebskanälen ausgeglichen. Das Unternehmen verzeichnete leichte Anstiege bei den Frachtkosten und erwartet weitere Steigerungen.
- Q2 revenue increased 5.9% YoY to $3.56 million
- Turned profitable with Q2 net income of $94,142 vs loss last year
- Gross margins improved significantly to 38.1% from 32.3%
- European market sales grew over 100% YoY
- Direct-to-consumer sales showed growth
- Six-month net loss of $325,393 despite improvement from prior year
- Declining sales in Education market, e-tailers and U.S. domestic distributors
- Rising freight costs with expectations of further increases
- Minimal six-month revenue growth of just 0.4%
Insights
Koss 's Q2 FY2025 results demonstrate a strategic turnaround with several noteworthy developments. The return to quarterly profitability (
The margin improvement to
However, the divergent performance across market segments warrants attention. While European sales doubled and DTC channels showed strength, the weakness in Education, e-tailers and U.S. domestic distributors suggests underlying market share challenges. The anticipated increase in freight costs and potential tariff impacts could pressure margins in upcoming quarters, requiring careful management of pricing and inventory strategies.
The reduction in six-month net loss by
MILWAUKEE, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ: KOSS) (the “Company”), the U.S. based high-fidelity headphone company, has reported its results for the second quarter ended December 31, 2024.
For the three months ended December 31, 2024, net sales were
Net sales of
“Sales to our two largest Export distributors played a major role in the increase in sales for the first six months of the current fiscal year. This improvement was driven by new product sales that far exceeded our expectations, surpassing prior year sales to the European market by over
Koss continued, stating that “Increased DTC sales and new product sales to Europe helped drive higher margins, along with favorable volumes of higher margin sales to our domestic distributors. Gross margins increased to
Koss further noted, “During the first half of our fiscal year, we experienced slight increases in freight costs and anticipate further rises in the future. We will continue to monitor the supply chain and potential tariffs closely and take necessary actions to address any adverse changes.”
About Koss Corporation
Koss Corporation markets a complete line of high-fidelity headphones, wireless Bluetooth® speakers, computer headsets, telecommunications headsets, active noise canceling headphones, and wireless headphones.
Forward-Looking Statements
This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “aims,” "anticipates," "believes," "estimates," "expects," "intends," "plans," “thinks,” "may," "will," “shall,” "should," “could,” “would,” "forecasts," "predicts," "potential," "continue," or the negative of such terms and other comparable terminology. These statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual events or results may differ materially. In evaluating forward-looking statements, you should specifically consider various factors that may cause actual results to vary from those contained in the forward-looking statements, such as general economic conditions, inflationary cost environment, supply chain disruption, the impacts of public health events, such as pandemics, geopolitical instability and war, consumer demand for the Company's and its customers' products, competitive and technological developments, foreign currency fluctuations, and costs of operations. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances or new information. In addition, such uncertainties and other operational matters are discussed further in the Company's quarterly and annual filings with the Securities and Exchange Commission.
| KOSS CORPORATION | |||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| December 31 | December 31 | ||||||||||||||
| 2024 | 2023 | 2024 | 2023 | ||||||||||||
| Net sales | $ | 3,557,086 | $ | 3,360,124 | $ | 6,758,954 | $ | 6,734,062 | |||||||
| Cost of goods sold | 2,152,129 | 2,251,684 | 4,181,071 | 4,557,932 | |||||||||||
| Gross profit | 1,404,957 | 1,108,440 | 2,577,883 | 2,176,130 | |||||||||||
| Selling, general and administrative expenses | 1,546,741 | 1,584,523 | 3,356,800 | 3,120,802 | |||||||||||
| Loss from operations | (141,784 | ) | (476,083 | ) | (778,917 | ) | (944,672 | ) | |||||||
| Interest income | 238,686 | 208,809 | 459,044 | 421,668 | |||||||||||
| Income (loss) before income tax provision | 96,902 | (267,274 | ) | (319,873 | ) | (523,004 | ) | ||||||||
| Income tax provision | 2,760 | 1,879 | 5,520 | 3,758 | |||||||||||
| Net income (loss) | $ | 94,142 | $ | (269,153 | ) | $ | (325,393 | ) | $ | (526,762 | ) | ||||
| Income (loss) per common share: | |||||||||||||||
| Basic | $ | 0.01 | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.06 | ) | ||||
| Diluted | $ | 0.01 | $ | (0.03 | ) | $ | (0.03 | ) | $ | (0.06 | ) | ||||
| Weighted-average number of shares: | |||||||||||||||
| Basic | 9,355,686 | 9,241,208 | 9,332,844 | 9,238,002 | |||||||||||
| Diluted | 9,629,535 | 9,241,208 | 9,332,844 | 9,238,002 | |||||||||||
| CONTACT: | Michael J. Koss |
| Chairman & CEO | |
| (414) 964-5000 | |
| mjkoss@koss.com |
FAQ
What was Koss 's (KOSS) Q2 2025 revenue growth?
How much profit did KOSS make in Q2 2025?
What was KOSS's gross margin improvement in the first half of FY2025?
How did KOSS perform in the European market in FY2025?
What challenges is KOSS facing in its domestic market?
