---
schema_version: "secwatch.filing_event.v1"
accession: "0000056701-23-000005"
form_type: "8-K"
ticker: "KOSS"
cik: "0000056701"
company_name: "KOSS CORP"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:37:48.334034+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Koss Q2 sales drop 25.9%, net loss of $1.15M vs prior year profit

## Summary
- Sales $3.27M, down 25.9% from $4.42M in prior year Q2.
- Net loss $1.15M vs prior year net income $0.58M; diluted EPS -$0.12 vs +$0.06.
- Six-month net income $8.80M vs $0.48M; basic EPS $0.96 vs $0.05 (includes non-recurring items).
- CEO blames distributor overstock, Europe conflict, high energy costs, and unfavorable sales mix.
- Legal fees recorded in Q2 were the main contributor to the quarterly net loss.

## SEC filing metadata
- accession: 0000056701-23-000005
- form_type: 8-K
- ticker: KOSS
- cik: 0000056701
- company_name: KOSS CORP
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56701/000005670123000005/0000056701-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56701/000005670123000005/koss-20230126x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000056701-23-000005
- JSON: https://secwatch.observer/filing/0000056701-23-000005.json
- Plain text: https://secwatch.observer/filing/0000056701-23-000005.txt

## Key facts
- Earnings Releases
  KOSS CORP reported the second quarter ended December 31, 2022 results: revenue $3,271,931, net income $1,146,879, EPS $0.12.
  - Period: the second quarter ended December 31, 2022
  - Revenue: $3,271,931
  - Net income: $1,146,879
  - EPS: $0.12
  - Result: reported results
  source text: Sales for the second quarter ended December 31, 2022 were $3,271,931 , a decline of 25.9 % compared to $ 4, 415,886 for the same period in the prior year . The net loss for the three months was $1,146,879 compared to net income of $578,969 for the second quarter of the prior year. B asic and diluted loss per common share for the quarter was $ 0.12 compared to basic and diluted income per common share of $0.06 for the same three-month period one year ago .
  evidence_url: https://www.sec.gov/Archives/edgar/data/56701/000005670123000005/0000056701-23-000005-index.htm

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