Koss Q2 net loss narrows to $269K; sales up 2.4% to $3.36M

KOSS CORP

2024-Q2 EPS reported -$0.06 revenue$6,734,062

Q2 net loss $269,153 ($0.03 loss per share) vs. $1,146,190 loss ($0.12) a year ago.
Q2 sales $3,360,124, up 2.4% from $3,281,333, driven by custom orders in education and OEM.
H1 net loss $526,762 vs. net income $8,803,352 in prior year (which included a large gain?).
CEO cites decline in DTC sales due to slower consumer spending and student loan payments.
Custom orders and higher margin sales partially offset by lower DTC and higher freight costs.

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