Koss Q4 sales fall 22.7% to $4.19M; full-year net income rises to $1.27M

KOSS CORP

2022-FY EPS reported $0.13 revenue$17,607,267

Q4 sales $4.19M, down 22.7% YoY; net income $385,595 vs $331,943, EPS $0.04.
Fiscal year sales $17.6M, down 9.9%; net income $1.27M vs $493,594; diluted EPS $0.13 vs $0.05.
Domestic distributors cut orders as COVID stimulus waned; DTC channel grew significantly.
Loss of private-label product to a single US mass retailer contributed to sales decline.
Supply chain disruptions and higher shipping costs persist; freight forwarder contract stabilized rates.

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