secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0000056701-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koss posts Q3 sales drop of 27.3% and net loss of $232,853; EPS -$0.03
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- Q3 sales $3.37M, down 27.3% YoY; net loss $232,853 vs net income $403,204.
- Basic and diluted loss per share $0.03 vs net income per share $0.04 in prior year.
- Nine-month sales $9.996M, down 25.5%; net income $8.565M vs $0.883M.
- CEO cites consumer spending slowdown, Russia-Ukraine impact on European sales, 35% decline in Asia.
- Gross margins pressured by higher freight rates and lower volumes; monitoring UPS contract talks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670123000011/0000056701-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670123000011/koss-20230511x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-23-000011

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