Koss Q4 sales down 27.6% to $3.1M; net loss of $0.03/sh; FY net income $8.3M on $13.1M revenue

KOSS CORP

2023-FY EPS reported $0.85 revenue$13,099,651

Q4 sales $3,104,031 (-27.6% YoY); net loss $(262,631) vs income $385,595 a year ago.
Diluted EPS: Q4 loss $(0.03) vs income $0.04; FY diluted EPS $0.85 vs $0.13.
FY sales $13,099,651 (-26.0% from $17,705,519); net income $8,302,380 vs $1,268,409.
Education sector orders down ~70%; DTC sales softened; export & domestic distributor declines noted.
Gross margins fell nearly 4 percentage points due to lower domestic distributor sales; pricing actions helped offset cost inflation.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KOSS CORP reported for the fourth quarter and fiscal year ended June 30, 2023 results: revenue Sales for the fourth fiscal quarter were $3,104,031, net income The net loss for the three months ended June 30, 2023 was $(262,631), EPS Both basic and diluted loss per common share for the quarter were ($0.03).

Period: for the fourth quarter and fiscal year ended June 30, 2023
Revenue: Sales for the fourth fiscal quarter were $3,104,031
Net income: The net loss for the three months ended June 30, 2023 was $(262,631)
EPS: Both basic and diluted loss per common share for the quarter were ($0.03)
Result: reported results

Exact text from the filing

U.S. based high-fidelity head phone company, has reported its results for the fourth quarter and fiscal year ended June 30 , 20 2 3 . Sales for the fourth fiscal quarter were $ 3,104,031 , a decline of 2 7.6 % compared to $ 4,290,013 for the same period in the prior year . The net loss for the three months ended June 30, 2023 was $(262,631) while a net income of

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Source: SEC EDGAR

accession 0000056701-23-000024

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