secwatch.observer — SEC 8-K summary
======================================

Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000056701-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000012/0000056701-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000012/koss-20240509x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-24-000012

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