---
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"
generated_at: "2026-06-22T23:00:24.507629+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Koss Q1 sales down 23.2% to $3.35M; net income swings to $9.94M from loss

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000056701-22-000032
- JSON: https://secwatch.observer/filing/0000056701-22-000032.json
- Plain text: https://secwatch.observer/filing/0000056701-22-000032.txt

## Key facts
- Earnings Releases
  KOSS CORP reported first quarter ended September 30, 2022 results: revenue 3,354,529, net income 9,944,743, EPS 1.09.
  - Period: first quarter ended September 30, 2022
  - Revenue: 3,354,529
  - Net income: 9,944,743
  - EPS: 1.09
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/56701/000005670122000032/0000056701-22-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.