secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000056701-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000006/0000056701-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000006/koss-20240201x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer