secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2022-08-25T23:59:59+00:00
Accession:  0000056701-22-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670122000019/0000056701-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670122000019/koss-20220825x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-22-000019

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