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Stock impact report

Koss Corp. Releases First Quarter Results

Koss Corporation (KOSS) 
Company Research Source: GlobeNewswire
MILWAUKEE, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its first quarter results for the quarter ended September 30, 2019. Sales for the first quarter were $5,410,762, which is a 6.5% decrease from sales of $5,784,839 for the same three month period one year ago. The three month net loss was $310,749, compared to net income of $41,570 for the first quarter last year. Diluted and basic loss per common share for the quarter was $0.04 compared to income per common share of $0.01 for the same three month period one year ago. "The decline in net sales for the quarter was due to export OEM sales last year that were not duplicated this year because the contract ended in early fiscal 2019," Michael J. Koss, Chairman and CEO, said today. "In addition, we experienced softness in key export markets offset by increased sales in the domestic mass retail and domestic distributor markets." "Th Show less Read more
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