secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0000056701-23-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670123000024/0000056701-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670123000024/koss-20230824x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-23-000024

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