secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000056701-22-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670122000032/0000056701-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670122000032/koss-20221028x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-22-000032

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