secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2021-08-19T23:59:59+00:00
Accession:  0000056701-21-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koss Corp Q4 net sales up 37% to $5.42M; full year net income $493K vs loss $466K last year
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- Q4 net sales $5.42M, +37% YoY; net income $332K ($0.04 basic EPS) vs $158K ($0.02) a year ago.
- FY21 net sales $19.55M, +6.7%; net income $494K ($0.06 basic EPS) vs net loss $466K ($0.06 loss) prior year.
- CEO cites growth in export, US distributors, and DTC channels; traditional brick-and-mortar declined.
- Company warns elevated freight rates could consume most of FY22 expected net income if they persist beyond February, but expects positive cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670121000022/0000056701-21-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670121000022/koss-20210819x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-21-000022

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