Koss Q3 net sales down 22% to $2.64M; net loss widens to $313,780

KOSS CORP

2024-Q3 EPS reported -$0.09 revenue$9,371,668

Q3 net sales $2.64M, down 22.0% YoY from $3.38M.
Q3 net loss $313,780 ($0.03 per share) vs $224,480 ($0.02) loss last year.
Nine-month net loss $840,542 vs net income of $8.58M in prior year.
CEO cites DTC sales down nearly 30% due to high inflation and borrowing costs.
Lower DTC margins and high-cost inventory from inflated freight rates pressured gross margins.

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