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Stock impact report

Koss Corporation Releases Third Quarter Results

Koss Corporation (KOSS) 
Company Research Source: GlobeNewswire
MILWAUKEE, Wis., May 09, 2024 (GLOBE NEWSWIRE) -- Koss Corporation (NASDAQ: KOSS) (the “Company”), a U.S. based high-fidelity headphone company, has reported its results for the third quarter ended March 31, 2024. Net sales for the three months ended March 31, 2024 were $2,637,606, which is a decline of $743,234, or 22.0%, compared to $3,380,840 for the same period in the prior year. The net loss for the third quarter ended March 31, 2024 was $313,780 compared to a net loss of $224,480 for the same three-month period in the prior year. Basic and diluted loss per common share for the quarter was $0.03 compared to basic and diluted loss per common share of $0.02 for the comparable three-month period one year ago. For the nine months ended March 31, 2024, net sales of $9,371,668 were down $654,634, or 6.5%, versus sales of $10,026,302 for the nine months ended March 31, 2023. The nine-month net loss was $840,542 compared to net income of $8,579,052 for the same period last year. Basi Show less Read more
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