Koss reports Q4 sales down 5.9%; full-year net loss of $951K versus prior-year profit of $8.3M

KOSS CORP

2024-FY EPS reported -$0.10 revenue$12,265,069

Q4 sales $2.89M (-5.9% YoY); net loss $110K improved from $260K loss in prior Q4.
Full-year sales $12.27M (-6.4% YoY); net loss $951K vs net income $8.32M in FY2023.
EPS (basic/diluted) -$0.10 for FY2024 vs $0.90/$0.85 positive in FY2023.
European distributor delays and weak DTC sales (down 20% for year) cited; Education sales up 60% in Q4.
Management cites inflation, higher energy costs, interest rates as ongoing headwinds.

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