secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0000056701-21-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koss Q1 net sales down 16.2% YoY to $4.37M; posts net loss of $99K
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- Net sales of $4.37M, down 16.2% from $5.21M in Q1 last year.
- Net loss of $99,359 vs net income of $126,928; basic loss $0.01 per share.
- CEO cites loss of placement at US mass retail; shift to distribution/online sales.
- Online business growing; European distribution improvements offset some US softness.
- Freight cost increases and shipping delays caused backorders expected to clear next quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670121000034/0000056701-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670121000034/koss-20211028x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-21-000034

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