Koss Q2 sales down 10.4% to $4.42M; EPS $0.06; CFO transition to Schulte

KOSS CORP

2022-Q2 EPS reported $0.05 revenue$8,780,953

Q2 sales $4.42M, down 10.4% YoY; net income $578,969 vs $508,890; diluted EPS $0.06 vs $0.07.
Six-month sales $8.78M, down 13.4% YoY; net income $479,610 vs $635,819; EPS $0.05 vs $0.09.
CEO cites lower US distributor sales and loss of mass retail; DTC growth and supply chain disruptions offset.
Kim Schulte (VP of Finance since Nov 2021) appointed CFO and Corporate Secretary effective Feb 28, 2022; salary $220k.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kim M. Schulte

Chief Financial Officer and Corporate Secretary

KOSS · KOSS CORP

Effective: 2022-02-28
Filed: February 3, 2022, 6:59 PM ET

effective February 28, 2022, Kim M. Schulte will assume the roles of Chief Financial Officer and Corporate Secretary of the Company

Departed

David D. Smith

Chief Financial Officer

KOSS · KOSS CORP

Effective: 2022-02-28
Successor: Kim M. Schulte
Filed: February 3, 2022, 6:59 PM ET

upon the previously announced retirement of David D. Smith

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kim M. Schulte was appointed as Chief Financial Officer and Corporate Secretary at KOSS CORP.

Action: appointed
Role: Chief Financial Officer and Corporate Secretary

Exact text from the filing

effective February 28, 2022, Kim M. Schulte will assume the roles of Chief Financial Officer and Corporate Secretary of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

David D. Smith retired as Chief Financial Officer at KOSS CORP.

Action: retired
Role: Chief Financial Officer

Exact text from the filing

upon the previously announced retirement of David D. Smith

View on SEC.gov

KOSS CORP filing history →

Source: SEC EDGAR

accession 0000056701-22-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.