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Stock impact report

KOSS Q4 Loss Narrows Y/Y, Revenue Declines on Weak Export Sales [Yahoo! Finance]

Koss Corporation (KOSS) 
Company Research Source: Yahoo! Finance
The company incurred a net loss of $0.1 million for the quarter, narrower than the $0.3 million reported in the prior-year quarter. Revenues for the quarter decreased 5.9% to $2.9 million from $3.1 million in the same quarter of the previous year. The quarterly financial performance reflects a challenging period for Koss, with sales impacted primarily by a decrease in orders from its largest European distributor, attributed to delayed inventory replenishments. This was somewhat offset by a 60% increase in sales in the Education sector and a 16% rise in Direct-to-Consumer (DTC) sales, fueled by new product additions and a slight resurgence in popular headphone models. Koss Corporation Price, Consensus and EPS Surprise Koss Corporation price-consensus-eps-surprise-chart | Koss Corporation Quote Financial Performance Koss' financial struggles for this quarter can be largely attributed to reduced sales in key export markets, particularly in Europe and Asia. European sales were Show less Read more
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