{"schema_version":"secwatch.filing_event.v1","accession":"0000056701-22-000032","form_type":"8-K","ticker":"KOSS","cik":"0000056701","company_name":"KOSS CORP","filed_at":"2022-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.245077+00:00","generated_at":"2026-06-22T23:00:24.507629+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Koss Q1 sales down 23.2% to $3.35M; net income swings to $9.94M from loss","bullets":["Sales $3,354,529, down 23.2% from $4,365,067; net income $9,944,743 vs loss of $99,359.","Basic EPS $1.09, diluted EPS $1.01; prior year basic/diluted loss $0.01 per share.","CEO cites tighter inventory management, fading COVID stimulus, and European slowdown; growth in other U.S. distributors and DTC offset some decline.","Gross margins slightly below prior year due to higher freight costs on older inventory; lower container rates helped but rail strike risk noted."],"urls":{"canonical":"https://secwatch.observer/filing/0000056701-22-000032","json":"https://secwatch.observer/filing/0000056701-22-000032.json","markdown":"https://secwatch.observer/filing/0000056701-22-000032.md","text":"https://secwatch.observer/filing/0000056701-22-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/56701/000005670122000032/0000056701-22-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/56701/000005670122000032/koss-20221028x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T23:00:24.507629+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fa42cf21f360dffaacb188e31f9e0b4a3bbb2c2f","claim":"KOSS CORP reported first quarter ended September 30, 2022 results: revenue 3,354,529, net income 9,944,743, EPS 1.09.","evidence_excerpt":"Koss Corporation (NASDAQ: KOSS) (the “Company”) , the U.S. based high-fidelity head phone company, has reported its results for the f irst quarter ended September 30 , 20 2 2 . Sales for the f irst quarter of the current fiscal year were $ 3,354,529 , a decline of 2 3 . 2 % compared to $ 4,365,067 for the same period in the prior year . N et income for the three months ended September 30, 2022 increased to $ 9,944,743 , compared to a net loss of $99,359 for the same three-month period one year ago. Basic income per common share for the quarter was $1.09 compared to basic loss per common share of $0.01 for the three-month period one year ago","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/56701/000005670122000032/0000056701-22-000032-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended September 30, 2022"},{"label":"Revenue","value":"3,354,529"},{"label":"Net income","value":"9,944,743"},{"label":"EPS","value":"1.09"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}