Koss Q3 net income nearly doubles to $403k; sales up 16% to $4.63M

KOSS CORP

2022-Q3 EPS reported $0.09 revenue$13,415,506

Diluted EPS of $0.04 vs loss of $0.06 per share in prior-year quarter.
Nine-month sales down 5% to $13.4M; net income $883k vs $162k a year ago.
Gross margin improved from shift away from mass retail to DTC online sales.
Supply chain disruptions and energy cost inflation partially offset margin gains.
CEO cites inconsistent COVID-19 global response and war in Eastern Europe as headwinds.

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