secwatch.observer — SEC 8-K summary
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Issuer:     KOSS CORP (KOSS)
CIK:        0000056701
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0000056701-24-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000026/0000056701-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56701/000005670124000026/koss-20240829x8k.htm
  HTML page:      https://secwatch.observer/filing/0000056701-24-000026

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